Vancouver, B.C., September 28, 2009, Condor Resources Inc. (“Condor” or the “Company”) is pleased to announce the appointment of John Watt to the position of Chief Financial Officer effective October 1, 2009.
Mr. Watt is a Chartered Accountant with over 37 years of business experience, including serving as Chief Financial Officer for other Canadian public junior mining companies with exploration programs in Latin America. Mr. Watt has provided financial and tax consulting services to both public and private companies, and has consulted to foreign filers with the US Securities and Exchange Commission on Sarbanes-Oxley Act compliance. Mr. Watt earned a B.A. with a Major in Economics. In conjunction with his appointment, Mr. Watt has been granted 200,000 stock options at $0.15 per share, subject to regulatory approval.
Mr. Watt succeeds Nial Barrett who resigned as Chief Financial Officer to pursue other business opportunities. Patrick Burns, President and CEO said, “On behalf of the Board of Directors, I would like to thank Nial for his valuable contributions as Chief Financial Officer. Nial has been an extremely important member of Condor, and the Board extends its thanks and continued good wishes to Nial.”
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in Latin America, where management has extensive experience and a proven track record of discovery. The Company’s long term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, and seven in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact the Company at 1-866-642-5707, or by email at: info@condorresources.com
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulatory authorities. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
