Condor Resources Inc. ('Condor' or the 'Company') (TSXV:CN) announces that it has received the March 31, 2023 payment of US$200,000 from Element79 Gold Corp. ('Element79').

Element79 became the sole owner of Calipuy Resources Inc., ('Calipuy'), and assumed Calipuy's obligations with respect to Calipuy's agreement to acquire the shares of Condor's subsidiary, Minas Lucero del Sur S.A.C., the owner of the Lucero project, Department of Arequipa, Peru.

The next scheduled payment is due on or before December 21, 2023.

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and exploration activities are managed by the Company's Lima based exploration team.

Contact:

Tel: 1-866-642-5707

(C) 2023 Electronic News Publishing, source ENP Newswire