HispanicBusiness

To view "Figure 7. Cross-section through the newly defined high-grade intercept in the America 500 section showing latest wide high-grade intercepts at depth", please visit the following link: http://media3.marketwire.com/docs/CNRfig7.jpg.

Competent Person's Declaration

The information in this announcement that relates to the mineral potential, geology, Exploration Results and database is based on information compiled by and reviewed by Dr Luc English, the Country Exploration Manager, who is a Chartered Geologist and Fellow of the Geological Society of London, and a geologist with seventeen years of experience in the exploration and definition of precious and base metal Mineral Resources. Luc English is a full-time employee of Condor Gold plc and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Luc English consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.

For further information please visit www.condorgold.com.

About Condor Gold plc:

Condor Resources plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up CIM/JORC Resources in Nicaragua and El Salvador. Condor has seven 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 90% ownership of four licences in two project areas.

Condor's concession holdings in Nicaragua currently contain an attributable CIM/JORC compliant resource base of 2,497,000 ounces of gold equivalent at 4.6 g/t in Nicaragua and an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource base in El Salvador. The Resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua, and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

Technical Glossary

----------------------------------------------------------------------------Assay           The laboratory test conducted to determine the proportion of                a mineral within a rock or other material. Usually reported                as parts per million which is equivalent to grams of the                mineral (i.e. gold) per tonne of rock----------------------------------------------------------------------------CIM             Canadian Institute of Mining, Metallurgy and Petroleum whose                terminology, definitions and guidelines are an                internationally recognised reporting code as defined by the                Combined Reserves International Reporting Standards                Committee (CRIRSCO) as required by National Instrument 43-                101.----------------------------------------------------------------------------Dip             A line directed down the steepest axis of a planar structure                including a planar ore body or zone of mineralisation. The                dip has a measurable direction and inclination from                horizontal.----------------------------------------------------------------------------Foot wall       The rock adjacent to and below an ore or mineralised body or                geological fault. Note that on steeply-dipping tabular ore                or mineralised bodies the foot wall will be inclined nearer                to the vertical than horizontal.----------------------------------------------------------------------------Grade           The proportion of a mineral within a rock or other material.                For gold mineralisation this is usually reported as grams of                gold per tonne of rock (g/t)----------------------------------------------------------------------------g/t             grams per tonne----------------------------------------------------------------------------Hanging wall    The rock adjacent to and above an ore or mineralised body or                geological fault. Note that on steeply-dipping tabular ore                or mineralised bodies the hanging wall will be inclined                nearer to the vertical than horizontal.----------------------------------------------------------------------------Inferred        That part of a Mineral Resource for which tonnage, grade and Mineral        mineral content can be estimated with a low level of Resource       confidence. It is inferred from geological evidence and                assumed but not verified geological and/or grade continuity.                It is based on information gathered through appropriate                techniques from locations such as outcrops, trenches, pits,                workings and drill holes that may be limited, or of                uncertain quality and reliability----------------------------------------------------------------------------Indicated       that part of a Mineral Resource for which tonnage, resource       densities, shape, physical characteristics, grade and                mineral content can be estimated with a reasonable level of                confidence. It is based on exploration, sampling and testing                information gathered through appropriate techniques from                locations such as outcrops, trenches, pits, workings and                drill holes. The locations are too widely or inappropriately                spaced to confirm geological and/or grade continuity but are                spaced closely enough for continuity to be assumed----------------------------------------------------------------------------Intercept       Refers to a sample or sequence of samples taken across the                entire width or an ore body or mineralized zone. The                intercept is described by the entire thickness and the                average grade of mineralisation----------------------------------------------------------------------------oz              troy ounces----------------------------------------------------------------------------kt              Thousand tonnes----------------------------------------------------------------------------Mineral         A concentration or occurrence of material of economic Resource       interest in or on the Earth's crust in such a form, quality,                and quantity that there are reasonable and realistic                prospects for eventual economic extraction. The location,                quantity, grade, continuity and other geological                characteristics of a Mineral Resource are known, estimated                from specific geological knowledge, or interpreted from a                well constrained and portrayed geological model----------------------------------------------------------------------------Mt              Million tonnes----------------------------------------------------------------------------Open pit mining A method of extracting minerals from the earth by excavating                downwards from the surface such that the ore is extracted in                the open air (as opposed to underground mining).----------------------------------------------------------------------------oz              Troy ounce, equivalent to 31.103477 grams----------------------------------------------------------------------------Strike length   The longest horizontal dimension of an ore body or zone of                mineralisation.----------------------------------------------------------------------------True width      The shortest axis of a body, usually perpendicular to the                longest plane. This often has to be calculated for channel                or drill samples where the sampling was not exactly                perpendicular to the long axis. The true width will always                be less than the apparent width of an obliquely intersect                sample.----------------------------------------------------------------------------Vein            A sheet-like body of crystalised minerals within a rock,                generally forming in a discontinuity or crack between two                rock masses. Economic concentrations of gold are often                contained within vein minerals.----------------------------------------------------------------------------Wallrock        The rock adjacent to an ore or mineralised body or                geological fault.----------------------------------------------------------------------------