|June 15, 2007|
Condor Appoints New VP Exploration
|Vancouver, B.C., June 15, 2007 - Condor Resources Inc. - ("Condor" or the "Company") is extremely pleased to announce the appointment of Mr. Ever Marquez as Condor's new Vice President of Exploration. Ever joins Condor from Newmont Peru Limited, where he held the position of Chief Exploration Geologist for the Andes of South America.|
Ever's track record is an impressive one. He was part of the discovery team of the Rio Blanco Cu-Mo porphyry deposit in Peru for Monterrico Metals PLC. Reserves at Rio Blanco are reportedly 1.3 billion tonnes grading 0.57% Cu and 228 ppm molybdenum, making Rio Blanco one of the largest undeveloped copper resources in the world today. Monterrico was recently the target of a US$165M take-over bid by a subsidiary of China's largest gold producer, Zijin Mining Group.
The latest highlight in Ever's brilliant 17 year career in mineral exploration is his recognition by Newmont earlier this year as the recipient of their prestigious and highest distinction "Exploration 2006 Discovery Recognition Award" for his discovery of the Breapampa-Andrea high grade gold-silver district in southern Peru.
In addition to Peru, where he is also the discoverer of a new high grade Cu-Au-Zn prospect, Ever has worked extensively in Chile, Argentina, Ecuador and the US, and brings a wealth of experience to the Condor Resources team.
Ever will be overseeing not only Condor's Argentina and Chile exploration projects, but will also be heading up a major exploration push into Peru. Condor has granted Mr. Marquez an incentive stock option to purchase up to 300,000 shares of the Company at $0.40 per share for a term of five years expiring June 14, 2012.
A Peruvian national, Mr. Marquez obtained his Engineering Geology degree from the Universidad Nacional Mayor de San Marcos in Lima. Since then, he has worked for Ingemmet, the Peruvian Institute of Geology (Mining Division), Minera Newcrest Peru (Newcrest Mining Limited), Minera Gold Fields Peru (Gold Fields Limited), Minera WMC Peru (Western Mining Corporation) and for the past 8 years has been with Newmont Peru Limited (Newmont Mining Corporation).
Condor's management considers itself very fortunate to have Ever join its exploration team as VP Exploration and looks forward to an exciting future for the company, as it expands its exploration activities in Latin America.
ON BEHALF OF THE BOARD
FOR FURTHER INFORMATION PLEASE CONTACT:
Bernie Kennedy: 1-877-489-4440
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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