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Vancouver, B.C., August 12, 2008 -- Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is extremely pleased to report on encouraging progress made at its 100% owned Brahma project in Chile. The first two diamond drill holes of the scheduled 3500m drill hole program have been completed for a total 801.40 metres of drilling, while a third hole is in progress. Copper mineralization was intersected in all three drill holes and coupled with our recent geophysics, the size of the Brahma porphyry copper target has been increased to approximately six square kilometres.

Drill hole BRA-001, located on the northern edge of the Brahma target, was drilled at -80 degrees at an azimuth of 340 degrees to a total depth of 353.40 metres. The hole confirmed the presence of sporadic chalcopyrite and rare chalcocite mineralization hosted within a predominantly propylitic-altered hornblende feldspar porphyry (HFP) intrusive. A total of 174 split core samples from BRA-001 were sent to ISO-certified Andes Analytical Assay laboratory in Santiago, last week.

Drill hole BRA-002, located approximately 500m SW of BRA-001, was drilled at -70 degrees at an azimuth of 150 degrees to a total depth of 448.00 metres. The hole encountered phyllic-altered HFP with increasing localized copper mineralization in the form of chalcopyrite, chalcocite, covellite and rare bornite as disseminations, in veinlets and coating fracture surfaces. BRA-002 also contained abundant pyrite (5% to 10% by volume) throughout the entire length of the drill hole and local molybdenite was observed coating fractures. Split core samples for this hole are expected to be ready this week for shipment to the laboratory.

Field interpretation of the first two holes resulted in the collaring of drill hole BRA-003 some 500m SE of BRA-002. Currently in progress, BRA-003 is also intersecting copper mineralization in more intensely phyllic-altered HFP. A road cut near BRA-003 has also exposed chalcocite and minor covellite in outcrop.

As a result of these initial drill holes and the geophysical IP survey previously conducted on the project, the following observations can be made:

• The size of the mineralized porphyry copper drill target at Brahma has doubled and now conservatively measures approximately six sq km.
• Copper mineralization occurs below a 20m to 30m thick leached capping zone.
• The extensive pyrite mineralization (5% to 10% by volume) noted in the initial drilling together with the associated IP anomaly suggest a strongly-developed porphyry related hydrothermal system.
• The target appears to be only partially exposed, has undergone very little erosion, and the mineralized quartz-sericite phyllic zone extends to the east under cover and beneath the propylitic alteration exposed on surface.
• Surface mapping and drilling have confirmed the presence of copper enrichment as evidenced by the discovery of chalcocite and covellite mineralization.