TSX.V: CN Shares Outstanding: 23,843,691
Vancouver, B.C., May 20, 2008 – Condor Resources Inc. – (“Condor” or the “Company”) (TSX.V: CN) is pleased to announce that a drill rig has been mobilized to its 100% owned 270 square kilometre Brahma porphyry copper project located south of Santiago, Chile and is anticipated to be on site within the next 10 days. The Phase I drill program at Brahma will comprise 8 to 10 diamond drill holes totaling approximately 3500 m.
The objective of the drill program is to test the 3 sq km highly copper anomalous quartz-sericite ‘phyllic’ core of this large mineralized system.
Results of a total of 590 primarily rock chip geochemical samples taken from the Brahma project include 273 samples (46%) with values in excess of 100 ppm Cu and include peak values of 0.65%, 0.69, 0.80, 0.99, 1.00, 1.19 and 2.97% Cu along with associated Mo-Pb-Zn and localized anomalous Au-Ag values. Please see the Company’s website for details.
Condor geologists believe that the Brahma project represents one of the most significant new porphyry copper occurrences to come out of Chile in recent years.
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, 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:
Lyle Davis: 604-642-5707 or 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.
