CONDOR BLANCO MINES LTD 
By 31 October 2013
Jiangxi Resources Limited Continues Funding Commitment to Condor Blanco Mines ASX Release Stock Code: CDB Highlights• Jiangxi Resources continues their commitment to provide equity funding to Condor by investing an additional $310,000 as part of the $651,000 equity placement announced on October 28.
• Funds from the equity placement will be allocated as a priority to support the development of the revenue generating Marianas iron tailings project, as well as exploration and overheads commitments.
• Investment interest from Middle East institutional investors following roadshow
Jiangxi Resources Continues Condor Funding Support
Chilean focused Condor Blanco Mines Limited (ASX: CDB; "Condor", "the Company") is pleased to announce the continued financial support from trading group Jiangxi Resources Limited ("Jiangxi") through their investing an additional $310,000 in Condor through the October 28 equity placement at
$0.011 per share.
Jiangxi Resources Limited is a specialist investment and trading group, providing Australian listed companies with finance and trading facilities in the Asia and the Asia-Pacific region.
This strategic investment into Condor followed a Letter of Commitment ("LOC") received from Jiangxi on July 18 2013, which stated their willingness to provide the Company with ongoing funds to a total of up to $1 million in equity funding for operational expenditure and development of the Marianas iron tailings program.
This $310,000 completes the investment commitment of July 18. Those monies having now been invested.
Jiangxi and Condor have signed a new binding term sheet for Jiangxi to provide up to another $5 million to further develop and expand production at Marianas.
Condor Managing Director, Mr Glen Darby, commented: "Although we are taking the necessary steps to put Marianas into production with minimal expenditure, we are glad to also have in place this further agreement with Jiangxi, which means that Condor will have a continuing source of finance available."
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As a priority, these funds invested by Jiangxi will be allocated to the development of the Marianas project. Condor Managing Director, Mr Glen Darby, noted: "The Marianas iron tailings project will receive total funding priority to support development through to production. Once operational, this program will generate ongoing cash flow to continually support our exploration projects".
Strong Investment Interest from the Middle East
Following a recent investor 'road-show', Condor has received significant interest for a combination of debt and equity funding to expedite development of the Marinas project from several Middle-Eastern institutional investors. Revenue from Marianas will be used to repay these investors.
"These discussions will continue, however we are very encouraged with the level of interest we are seeing from several high level institutional investors from this region", Mr Darby said. "We intend to follow up this interest with further focused meetings in the coming week".
For more information, visit www.condormines.com or contact: Mr Glen Darby
Managing Director
Condor Blanco Mines Limited
Office: +61 (22) 9225 4070
Email: info@condormines.com
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