Condor Expands Quriurqu Project, Peru with Addition of Huarman Prospect Containing Encouraging Historic Gold Results

VANCOUVER, BC / ACCESSWIRE / May 10, 2023 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) announces that it was successful at a sealed bid auction conducted by a branch of the Peruvian Ministry of Energy and Mines in late March, and has now acquired the 2.55 sq km Yerupaja 103 concession, bringing the total area of the 100% owned Quriurqu project to over 11 sq kms. The project is approximately 12 kilometres ("km") south of the Soledad project under option to Chakana Copper Corp., and 45 km south of the Pierina Mine.

Condor made application for the Yerupaja 103 concession in January 2014 together with 15 other competing parties, including several majors. When the March 2023 auction date was eventually set several years later, only Condor and two other major mining companies remained eligible to participate in the auction. Condor was the successful bidder for this concession.

In 2008, an eight-hole drill program was completed by a former option owner on a gold prospect in this concession area ("Huarman Prospect") and the results for the first two holes were publicly disclosed in a press release dated September 22, 2008 as summarized below:

2008 Huarman Prospect Drill Results (see note)
Hole #	Interval (m)	From (m)	To (m)	Au g/t	Ag g/t
HU-08-01	164	16	180	0.33	13.7
HU-08-02	110	0	110	0.77	25.0
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