Vancouver, B.C., November 15, 2010 - Condor Resources Inc. - ("Condor"
or the "Company") (TSX.V: CN) is pleased to announce that it has
received an encouraging progress report on its 100% owned Chavin
polymetallic property from joint venture partner Minera Silex Peru SRL
("Silex"), a subsidiary of Golden Minerals Company ("Golden") (TSX:
AUM; NYSE Amex: AUMN).

Silex plans to conduct a 12 hole diamond drill program totalling 2,650m
to test the main vein and additional anomalous silicified and oxidized
structures for continuity at depth.

Underground channel sample results by Silex from an historically mined
60m long adit on the property returned grades as high as 849 g/t Ag,
19.45% Pb and 7.92% Zn over 0.60m, 785 g/t Ag, 17.95% Pb and 9.56% Zn
over 0.55m and 579 g/t Ag, 12.65% Pb and 6.02% Zn over 1.20m. Surface
channel samples assayed as high as 616 g/t Ag, 12.05% Pb and 6.25% Zn
over 1.00m, 561 g/t Ag, 10.35% Pb and 5.44% Zn over 1.00m. The highest
gold value obtained was 5.57 g/t Au over 1.10m. 

Since optioning the Chavin property in April, 2010, Silex has engaged
the local community, contracted for an environmental impact study to
cover the property, constructed 6.5 km of access road to the project
and an additional 1.5 km within the property boundary, and built a base
camp. In addition, Silex has carried out 1:1000 scale geological
mapping, a topographical survey for control and collected and analyzed
a total of 369 surface samples from the main vein and surrounding
silicified and oxidized structures, as well as taking 25 samples from
the existing 60m long adit. Surface samples from the main vein were cut
with a portable diamond saw at 25m intervals perpendicular to the vein.
Secondary structures were also sampled at 25m intervals and peripheral
silicified and oxidized structures were sampled at 50m intervals along
strike. Each sample, of varying length, was cut 20cm wide by 10cm deep
and averaged 3 to 4 kg in weight. ALS Chemex conducted the geochemical
analyses.

Some 3.3 km of vein length have now been measured, including 1.5 km of
the main vein. The main vein trends 140/50-70SW, ranges from 50cm to
4.50m wide and comprises quartz-carbonate with
sphalerite-galena-chalcopyrite-pyrite-pyrrhotite and gold
mineralization with associated banded, drusy and bladed textures. The
Chavin polymetallic vein system is located within the Central Andes
mineral belt in northern Peru, 45 km NW of the Pierina gold mine
operated by Barrick and 10 km SW of the Pashpap Cu-Mo porphyry project.
The Chavin property has been increased from 6 sq km in size to
approximately 8 sq km.

Condor currently owns a 100% interest in the property. Silex can
acquire a 65% interest in the Property by incurring exploration
expenditures of US$1,400,000 and by paying Condor a minimum of
US$130,000 in cash over three years. If the option is exercised, the
Property title will be transferred into a single-purpose company in
which Condor and Silex will have 35% and 65% shareholdings
respectively. If Condor elects to not contribute to the costs of a
pre-feasibility study and a feasibility study, Silex can increase its
shareholding up to 75%.

Condor also advises, that further to our November 12, 2010 news release
regarding the retention of Ticar Consulting Corp., ("Ticar"), to
provide investor relations, the Company will be paying Ticar $3,000 per
month compensation, in addition to the incentive option previously
disclosed.

Condor Resources Inc. was incorporated in 2003 by field exploration
specialists focused on the generation of gold and copper projects in
South America, where management has extensive experience and a proven
track record of discovery. The Company's long term objective is the
discovery of a major new gold/base metals deposit and its business plan
offers shareholders access to an exciting and growing portfolio of
properties, including six 100% owned projects in Chile, and seven in
Peru, each offering a unique path to discovery.


ON BEHALF OF THE BOARD

Patrick J. Burns,
President & Chief Executive Officer

For further information please contact Timea Carlsen at 1-866-642-5707,
or by email at: info@condorresources.com

Cautionary Statement Regarding Forward-Looking Information: All
statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words
such as "seek", "anticipate", "believe", "plan", "estimate", "expect"
and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained
in the forward-looking statements. Forward-looking statements are based
on estimates and opinions of management at the date the statements are
made. The Corporation does not undertake any obligation to update
forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue
reliance on forward-looking statements. Dr. Richard Culbert, P. Eng.,
is the Qualified Person for the Company as required by NI 43-101 and
has reviewed the contents of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.

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Copyright (c) 2010 CONDOR RESOURCES INC. (CN)  All rights reserved.
For more information visit our website at
http://www.condorresources.com/ or send mailto:news@condorresources.com
Message sent on Mon Nov 15, 2010 at 10:44:43 AM Pacific Time
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