QURIURQU

Prospective for: Gold/Silver

Location:

The Quriurqu Property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes, and is described as a high sulphidation gold-silver epithermal system. Quriurqu is located about 45 km SW of the Pierina gold-silver mine operated by Barrick Gold Corporation.

Ownership:

The original 2.5 sq km concession was acquired by staking in 2011. A second concession was acquired in October 2016 when Condor had the winning bid at a sealed bid auction conducted by Peruvian officials, increasing the project area to 8.5 sq km. Both concessions are 100% owned.

In January 2017 the Company reached agreement with Sandstorm Gold Ltd. to sell a package of royalties, which included a 0.5% NSR on the Quriurqu project.

Previous Work:

As best as we can determine, no previous sampling or other exploration has been conducted at Quriurqu, nor has it been drill tested.

Geology/Mineralization:

The property is host to a high sulphidation gold-silver epithermal system, as evidenced by alteration assemblages and associated pathfinder minerals hosted in structures and hydrothermal breccias within Tertiary age dacitic ignimbrites.

Recent activity:

The Company has conducted initial reconnaissance mapping and collected and analyzed 64 rock chip channel samples. Gold and silver assays range from negligible to 5.9 g/t Au and 143 g/t Ag. A total of 57 of the 64 samples returned anomalous gold values in excess of 50 ppb, including 27 samples greater than 500 ppb and 18 samples in excess of 1 g/t Au.

Update:

Detailed mapping and sampling have been scheduled for the property. Condor geologists believe that Quriurqu could host a disseminated bulk tonnage gold-silver deposit at depth.