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Re:   News Releases - Tuesday, January 05, 2010
      'Bonanza-Grade' Gold & Silver Mineralization Discovered at
      Pucamayo
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Vancouver, B.C., January 5th, 2010 -- Condor Resources Inc. - ("Condor"
or the "Company") (TSX.V: CN) is pleased to announce the discovery of
high grade gold-silver mineralization at several locations on its
Pucamayo property in Peru. The size of the targets and the extensive
anomalous gold and silver mineralization suggest potential for the
discovery of one or several large gold-silver deposits.

Gold values up to 86.6 grams per tonne (g/t) over 3 metres (m) and 5.85
g/t over 10m have been discovered in the West Zone, which zone includes
a 1.5 kilometre long, subvertical multi-phase banded quartz vein of
over 15 metres width. About 5 kilometres distance in the East Zone,
another area of similarly mineralized veins and a 1.2 kilometre long by
over 200 metre wide zone of quartz vein stockwork and hydrothermal
breccias, returned initial sample values of up to 0.96 g/t gold and 554
g/t silver.

Condor has the right to earn an 85% interest in the 36 sq. km. Pucamayo
property, which is located in central Peru, 172km SE of Lima, at an
elevation of 3800m.

The Pucamayo property is a new discovery that has never been previously
sampled or drill tested. All mineralization was identified through a
recently completed prospecting, mapping and rock sampling program. A
large scale systematic exploration program is required on this
extensive mineralized system, and will commence with a geophysical IP
survey in order to prioritize targets for drilling.

The property is hosted within the Central Andes Tertiary volcanic
precious metals belt that contains the multi-million ounce Yanacocha,
Alto Chicama, and Pierina Au-Ag deposits. 

At Pucamayo, the mineralization is hosted by rhyolitic to dacitic
volcanic stratigraphy. Two epithermal precious metals targets have been
identified to date on the property. The West Zone comprises a low to
intermediate sulphidation, 'bonanza-style' multi-phase vein system
within an area covering approximately 4 sq. km. The East Zone covers
additional similarly mineralized veins and an intermediate to high
sulphidation, disseminated bulk tonnage target exposed over an area
measuring 1200m long by 200m to 700m wide.
 
West Zone Discovery -- Bonanza Veins

The West Zone comprises a total of five NW and NE trending multi-phase
quartz-carbonate veins, the largest of which has been traced for 1500m
along strike with an average width of 15m to 25m. A total of 198 rock
chip and channel samples have been collected to date and results
include values ranging to a high of 86.6 g/t gold and 296 g/t silver.
Much of the area is covered by recent unconsolidated sediments and
gravel, but where exposed, channel samples have returned values of up
to 86.6 g/t Au and 84.8 g/t Ag over 3m, 5.85 g/t Au and 1.69 g/t Ag
over 10m, 2.0 g/t Au and 85.1 g/t Ag over 3m, 3.1 g/t Au and 7.31 g/t
Ag over 2m and 2.9 g/t Au and 21 g/t Ag over 3m. These results are
typical of 'bonanza style' gold and silver systems which host potential
for very high grades such as at the multi-million ounce El Penon
gold-silver deposit in northern Chile and Orcopampa in Southern Peru.
Surface sampling at varying topographic elevations suggests that grades
increase at lower elevations, considered a positive indicator for
higher subsurface grades in these bonanza epithermal vein systems. All
veins are open for extension along strike and down-dip.

East Zone Discovery -- Bonanza Veins and Bulk Tonnage Targets

The East Zone is located 5km east of the West Zone, and is
characterized by an erosion window which has partially exposed a high
sulphidation epithermal system with disseminated precious metals
mineralization covering an area approximately 1200m long by 200m to
700m in width and a surrounding intermediate sulphidation series of at
least seven quartz epithermal veins.  The East Zone remains open in all
directions. Part of this target is comprised of a quartz vein stockwork
and hydrothermal breccias with vuggy silica and silicified fissures or
ledges with pervasive disseminated secondary iron oxides. The
hydrothermal breccias are exposed in outcrop over an area of 350m by
100m and continue below recent glacial fluvial sediments.  A total of
119 chip and channel samples were collected over the East Zone and
results range to a high of 0.96 g/t gold and 554 g/t silver. Channel
samples within the breccias returned values of up to 0.95 g/t Au and
343 g/t Ag over 5m, 0.93 g/t Au and 394 g/t Ag over 5m, and 0.53 g/t Au
and 216 g/t Ag over 4m. A 1m channel sample across one of the banded
quartz-carbonate veins returned 0.36 g/t Au, 554 g/t Ag, 1.40% Cu,
29.20% Pb and 21.20% Zn.

Note: To view the maps associated with this release, please click the
following links:
http://www.condorresources.com/i/maps/PucamayoWestZone-RockGeochem-Au.jpg
http://www.condorresources.com/i/maps/PucamayoWestZone-RockGeochem-Ag.jpg
http://www.condorresources.com/i/maps/PucamayoEastZone-RockGeochem-Au.jpg
http://www.condorresources.com/i/maps/PucamayoEastZone-RockGeochem-Ag.jpg

These and additional results are also posted on the Company's website.

Ever Marquez, Condor's VP Exploration, notes similarities between the
style and type of mineralization present at Pucamayo with certain known
high sulphidation deposits in Peru, such as Alto Chicama, Yanacocha and
Pierina as well as low sulphidation deposits such as El Penon in Chile,
Cripple Creek in Colorado and the Midas deposit in Nevada. Based upon
surface gold-silver grades and other observed mineral and alteration
assemblages, Marquez further adds that he believes the extensive
precious metals mineralization systems at Pucamayo to be completely
preserved, having undergone little or no erosion, and to host potential
for the discovery of a multi-million ounce bulk tonnage precious metals
deposit and very high grade continuous bonanza gold-silver
mineralization.

Condor's President and CEO, Patrick J. Burns, states that "The results
obtained at Pucamayo are among the most significant early-stage
exploration results to come out of Peru in recent years. We are
obviously extremely excited with this discovery and will be giving this
project our utmost priority in the New Year, beginning immediately with
geophysics and additional sampling prior to a systematic drill program.
This is a new Greenfields discovery made by our prospecting team within
targeted favourable mineral belts in the country and is testimony to
the vast untapped mineral potential that still exists in Peru, a
mining-friendly jurisdiction."

About Condor Resources Inc.

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 and/or base metal deposit, and its
business plan offers shareholders access to an exciting and growing
portfolio of discovery stage properties, including six 100% owned
projects in Chile, and seven projects 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 the Company at 1-866-642-5707,
or by email at: info@condorresources.com

Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic filings
with Canadian securities regulatory authorities. Such information
contained herein represents management's best judgment as of the date
hereof based on information currently available. The Company does not
assume the obligation to update any forward-looking statement. 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 Tue Jan 5, 2010 at 1:40:18 PM Pacific Time
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