TSX.V: CN Shares Outstanding: 23,838,991
Vancouver, B.C., February 13th, 2008 - Condor Resources Inc. - (“Condor” or the “Company”) (TSX.V: CN) is pleased to announce drill results from the first two drill holes of the eight hole drill program from its Ocros porphyry copper project located north of Lima, Peru.
Diamond drill hole OCR-001 was drilled to a depth of 400.30m on a bearing of 330 degrees and -75 degrees dip. The hole cut 22.05m of leached capping with abundant limonites and then intersected varying amounts of visible copper mineralization throughout the remainder of the hole. Drill hole OCR-002, located approximately 600m to the north of OCR-001, was drilled on a bearing of 250 degrees and -60 degree dip and intersected 36m of leached capping before entering the sulphide zone which contained weaker copper mineralization throughout the remainder of the hole to 461.30m depth.
A summary of the most significant intervals and grades is as follows:
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Hole Number Interval (m) Length (m) Grade (%Cu)
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OCR-001 149.00 - 400.30 251.30 0.15
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includes: 314.00 - 398.00 84.00 0.31
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and: 316.00 - 370.00 54.00 0.41
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OCR-002 172.00 - 214.00 42.00 0.16
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Richard Culbert, P.Eng. is the qualified person as defined by NI 43-101 for the Ocros Project and has reviewed and approved the contents of this news release. Condor staff maintained care and custody of the on site logging and sampling, where the drill cores were split and samples were securely transported to ALS Chemex facilities in Lima, Peru.
While the drill program is still in its early stages, these initial results at Ocros confirm that the 2 sq km surface porphyry copper system continues at depth, with results of OCR-001 suggesting that grades increase at depth. A total of four drill holes of the planned eight hole program have been completed and assays are awaited on OCR-003 and OCR-004. Drill hole OCR-005 is currently in progress.
Detailed assay results for OCR-001 & 002 may be found at (http://www.condorresources.com/s/Ocros.asp)
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in South 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, two projects in Argentina and four 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:
Bernie Kennedy: 1-877-489-4440
Saf Dhillon: 604-484-2015
email: 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. Dr. Richard Culbert, P.Eng., is the Qualified Person for the Company as required by NI 43-101 and has reviewed the contents of this news release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.