CONDOR RESOURCES INC. — Capital/Financing Update 2024

Nov 11, 2024

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Condor Triples Size of the Huiñac Punta Property

Vancouver, B.C., November 11, 2024 - Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to report that it has acquired addi�onal explora�on concessions at its Huiñac Punta high-grade silver prospect adjacent to its current project significantly expanding the property size from 2,000 to 7,200 hectares (Ha). The addi�onal concessions acquired by uncontested applica�on add 5,200 Ha of prospec�ve ground to the project land package. Management believes Huiñac Punta has the poten�al to host a large, carbonate replacement style (CRD) silver-dominant polymetallic mineralized body.

Based on sampling of exis�ng surface exposures, mineraliza�on includes high-grade Ag and elevated Cu, Zn, Pb and Co values. Of 163 two-metre rock chip samples collected by Condor, 28 samples reported silver grades greater than 100 g/t and included bonanza grades in two-metre chip samples of 4,115 and 3,225 g/t Ag. Evidence of historical workings from Spanish colonial �mes is present with several accessible historical adits showing evidence of the elevated silver values associated with disseminated grey and black breccia-hosted sulfide material consis�ng of sphalerite, galena, chalcocite, bornite, covellite and undetermined lead and silver sulphosalts.

Chris Buncic, President & CEO of Condor, commented, “the acquisi�on of these addi�onal concessions provides Condor with a significant land package at Huiñac Punta, where we hope to make a new district-scale silver and base metals discovery. Adding to our land package was a significant step to ensure the company’s exposure to this resource and development poten�al as we set about our preparing for the maiden drill program at the project. Our latest understanding is that the Ini�a�on of Ac�vi�es document, in effect the final drill permit, should be forthcoming in a ma�er of days.”

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Figure 1: Pre-Exis�ng and New Explora�on Concessions at the Huiñac Punta Project

Dr. Quinton Hennigh, (P.Geo., PhD), a Qualified Person as defined in Na�onal Instrument 43-101 and a Director of Condor Resources.

About Condor Resources Inc.

Condor Resources is a precious and base metals explora�on company focused on advancing its projects in Peru. The Pucamayo project, an 8,500 Ha property in Ica, Peru, contains a high sulfida�on epithermal system with disseminated precious metals mineraliza�on with a large lithocap altera�on visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the poten�al to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the poten�al for discovery of a bulk tonnage silver and base metals deposit. The Company has op�oned several large projects to partners who con�nue to advance these projects. The Company’s award-winning explora�on team in Peru has a long

history of success in discovering and advancing high quality explora�on projects and managing the social aspects of its explora�on ac�vi�es.

For more informa�on, please visit the Company's website at www.condorresources.com.

ON BEHALF OF THE BOARD

Chris Buncic

For further informa�on please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securi�es law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “an�cipate”, “es�mate” and other similar words, or statements that certain events or condi�ons “may” or “will” occur.

statements are reasonable, there can be no assurance that such expecta�ons will prove to be correct. Such forward-looking statements are subject to risks and uncertain�es that may cause actual results, performance or developments to differ materially from those contained in such statements.

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.