Condor Gold Provides an Update on the Sale of Assets - Seite 2

Total Voting Rights

Following the issue of the 6,666,667 New Ordinary Shares to Galloway Limited, Condor's total issued share capital will comprise 194,194,158 New Ordinary Shares, each with voting rights (the "Enlarged Issued Share Capital"). This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Jim Mellon, Chairman of Condor Gold, commented:

"I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further £1M is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

Mark Child, CEO of Condor Gold Commented:

"Wholly owned, fully permitted, construction ready gold mines with potential production of 150,000 oz gold per annum, in major Gold Districts, with the land and a new SAG Mill package purchased and a construction period of only 18 months are rare. To date there are eight companies under NDAs, five non-binding offers received and three site visits completed. Companies under NDAs have access to a virtual data room, which includes all drill data, technical studies to Feasibility Study level, details of permits to construct and operate a mine and financial models. Although none of the non-binding offers have progressed to firm proposals to date, the Company is in advanced discussions with 2 gold producers The sales process is taking longer than anticipated, but the Board is anticipating that further progress will be made in the New Year. Investors will be updated in due course."

Cautionary Statement: Investors should note that, whilst the Board is encouraged by the process to date, there can be no guarantee that the Company will complete the sale of its assets.

- Ends -

For further information please visit www.condorgold.com or contact:

Condor Gold plc

Mark Child, CEO [phone]

Beaumont Cornish Limited

Roland Cornish and James Biddle