|May 09, 2008|
Condor Announces Appointment of New Director
|TSX.V: CN Shares Outstanding: 23,843,691|
Vancouver, B.C., May 9, 2008 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is pleased to announce that Robert T. Boyd has been appointed to its Board of Directors.
Mr. Boyd is a senior mining executive with over 30 years experience in exploration, executive-level management, corporate finance and corporate governance. He formerly held the position of President, CEO and Director of Ashton Mining of Canada Inc., a leading and successful diamond exploration company prior to its acquisition. Prior to Ashton, Mr. Boyd was a founding principal and major shareholder of a financial and strategic advisory firm to the mining and mineral exploration industry and was also formerly Vice President Exploration for Homestake Canada Limited. Mr. Boyd is a widely respected geologist and gemmologist. He is currently Chairman of the Board of True North Gems Ltd and a Director of the Prospectors and Developers Association of Canada, the Association for Mineral Exploration B.C., and Endurance Gold Corporation. He is a member of the Association of Professional Engineers and Geoscientists of B.C., the Canadian Institute of Mining and Metallurgy, the Society of Economic Geologists, and a Fellow of the Geological Association of Canada, and Gemmological Associations of Great Britain and Canada.
The Company also announces that it has granted incentive stock options pursuant to its Stock Option Plan to acquire 200,000 shares in capital of the company. The 200,000 options are exercisable at a price of $0.79 per share for a term of five years expiring May 8, 2013. The options will vest subject to the Company's Stock Option Plan.
Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of copper and gold projects in South America, where management has extensive experience and a proven track record of discovery. The Company's long-term business plan offers shareholders access to a growing portfolio of properties, including six 100% owned projects in Chile, two projects in Argentina and four in Peru, each providing a unique path to discovery.
ON BEHALF OF THE BOARD
Patrick J. Burns,
President & Chief Executive Officer
For further information please contact:
Lyle Davis: 1-866-642-5707
Saf Dhillon: 604-484-2015
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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