|June 20, 2006|
Condor Resources - Update
|Vancouver, B.C., June 20, 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 250,000 shares in capital of the company. The 250,000 options are exercisable at a price of $0.58 per share for a term of five years expiring June 20, 2011. The options will vest subject to the Company's Stock Option Plan declared in the prospectus.|
ON BEHALF OF THE BOARD
Patrick J. Burns,
For further information please contact:
Condor Resources Inc.
910-885 Dunsmuir Street
Vancouver, BC V6C 1N5
Patrick J. Burns, President
Saf Dhillon, Investor Relations
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.
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