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Condor Resources – Update

Vancouver, B.C., December 11, 2006, – Condor Resources Ltd – is pleased to announce today that it has granted options pursuant to its Stock Option Plan to employees and consultants to acquire 75,000 shares in capital of the company. The 75,000 options are exercisable at a price of $0.54 per share for a term of five years expiring December 10, 2011. The options will vest subject to the Company’s Stock Option Plan declared in the prospectus.

On behalf of the Board of Directors,

Signed “Pat Burns”

Patrick J. Burns,
President & Chief Executive Officer

For further information please contact:
Bernie Kennedy: 604-495-6330
Saf Dhillon: 604-484-2015
email: info@condorresources.com
www.condorresources.com TSX.V:CN

Condor Resources Inc.
910-885 Dunsmuir Street,
Vancouver, BC V6C 1N5
Tel: 604-484-2015
Fax: 604-688-9895

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

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.