Condor Gold Plc ('Condor Gold', 'Condor' or the 'Company') (AIM: CNR; TSX: COG) is pleased to announce the appointment of Mr. John Seaberg as Chief Financial Officer with effect from 1st September 2021.

Mr. Seaberg is a seasoned executive with over 25 years' experience in the mining industry.

Mark Child, Chairman and CEO comments: 'I am delighted that Mr. Seaberg has joined Condor as Chief Financial Officer. Mr. Seaberg has extensive experience as a CFO while also being actively involved in corporate development and investors relations. Until recently, he was Senior Vice President and CFO of Calibre Mining, which has two producing mines in Nicaragua.

'Furthermore, Mr. Seaberg strengthens our leadership team as Condor continues its twin strategy of constructing and operating a new processing plant, using the recently acquire new SAG Mill package, which has a capacity of 2,300tpd and is estimated to produce circa 100,000 oz gold per annum at its fully permitted, 100% own La India Project in Nicaragua, while demonstrating a 5M oz Gold District. On behalf of the Board, I would like to thank Jeffrey Karoly who has served admirably as Condor's part time CFO for 4 years while simultaneously serving as CFO of Rupert Resources, listed on the TSX-V (TSX-V: RUP)'.

Background John Seaberg has held a number of executive roles within the mining industry throughout his career. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount Gold Nevada Corp. Mr. Seaberg was previously Senior Vice President of Strategic Relations at Klondex Mines Ltd. In this role Mr. Seaberg was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, Mr. Seaberg was employed for more than 12 years by Newmont Mining Corporation where he last held the position of Vice President, Investor Relations. Mr. Seaberg has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of Business Administration (MBA) from the University of Denver

As part of Mr. Seaberg's remuneration package, he will be granted 750,000 options to subscribe for new ordinary shares in Condor Gold at a 10% premium to the 10 day VWAP or 45 pence, whichever is the higher, on the commencement date of 1st September 2021. The Options will have a 5 year life and are subject to certain restrictions.

Contact:

Tel: +44 (0) 20 7493 2784

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