February 13, 2014 09:20 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2014) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) has been advised of a security incident involving a contractor of Exploraciones Aguila Dorada S.A.C. ("EAD") that occurred February 10, 2014. The Condor de Oro concessions are exclusively in territory of the Awajun community of Los Naranjos. The field technician, who had been supervising a project to introduce coffee plants in the area, is believed to have been abducted from Los Naranjos territory by people from the neighboring Awajun community of Supayacu. The incident was reported immediately to the local authorities.
EAD is the owner of the Condor de Oro mineral concessions in northern Peru, and has all the permits and licenses required for exploration on the project, located about 25 kilometers from the Los Naranjos village. Condor has an irrevocable option to acquire 85% of the issued shares of EAD, and in turn, Condor has granted Mariana Resources Ltd. an option to acquire 60% of Condor's interest. EAD has been conducting mineral exploration at Condor de Oro with the assistance of Mariana Resources, and in cooperation with the community of Los Naranjos.
ON BEHALF OF THE BOARD
Lyle Davis, President & Chief Executive Officer
Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
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