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Re:   News Releases - Monday, March 08, 2010
      Geophysics Confirms Porphyry Cu-Mo Target at La Libertad
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Condor Resources Inc. - ("Condor" or the "Company") (TSX.V: CN) is
pleased to provide an update on its wholly owned La Libertad porphyry
Cu-Mo project, northern Peru. Sampling and geophysical results to date
have demonstrated that the La Libertad property represents a new
significant porphyry Cu-Mo discovery that has never been drill tested.

Located in Ancash Department in northern Peru, 280 km north of Lima and
80 km west of the Antamina mine, the 2 sq km property covers the core
of an intensely altered porphyry copper system in the Cordillera
Occidental de los Andes copper belt. Elevations on the property range
from 2700 to 3400m above sea level.

A 5 line kilometer geophysical induced polarization (IP) and
magnetometer survey was recently completed at La Libertad. The survey
comprised two lines across the property in an east-west and north-south
direction to cover the porphyry copper mineralization exposed in the
bottom of the Shemur Quebrada (Valley) (See news release dated
September 15, 2009).

The 100m dipole IP survey outlined a 1.5 km diameter resistivity
anomaly along both lines that occurs at an average depth of 150m below
the bottom of the Shemur Quebrada. Together with earlier sampling and
mapping results, Condor has interpreted this resistivity anomaly to be
the phyllic altered leached cap and secondary copper enrichment
associated with a mineralized intrusive porphyry. In addition, Condor
interprets an associated  increase in chargeability with depth to
indicate the potential presence of primary Cu-Mo mineralization.

The magnetic survey also delineated a circular anomalous magnetic low
coincident with the location of the mapped porphyry Cu-Mo centre and
high geochemical values. As in the case of the IP results, this has
been interpreted to represent the phyllic altered core of the
mineralized porphyry.
 
A 2009 work program at La Libertad reported the discovery of  secondary
copper enrichment in the bottom of the Shemur Quebrada During this
program  395 samples were collected, including 3 to 5 metre long chip
samples. At the bottom of this deeply incised gully, erosion has
exposed secondary copper enrichment occurring as disseminations,
veinlets and fracture coatings of chalcocite, covellite, malachite and
chrysocolla, along with well developed quartz-limonite stockwork
veining in an intensely altered phyllic (quartz-sericite)
quartz-feldspar porphyry intrusive. Intermittent secondary copper
enrichment extends in outcrop for approximately 600 metres along the
exposed bottom of the quebrada. Assay results from the 2009 sampling
program returned values ranging from negligible to peak highs of 39.9%
Cu, 1.09g/t Au, 19.85g/t Ag, 0.41% Mo, 8.38% Zn and 0.4% Pb, with the
highest copper values coming from the bottom of the Shemur Quebrada.

In 2005, a hole was drilled to the west of the La Libertad property
boundary and encountered weak secondary copper enrichment but returned
molybdenum grades as high as 0.3% to 0.7% Mo, and averaging 0.03-0.04%
Mo throughout the hole. This regional information, together with the
distribution and values obtained from the 2009 geochemical sample
program, and results of the recent geophysical survey, suggest a
vertical downward zonation from molybdenum to copper, with an upper
molybdenum shell or carapace surrounding a copper core some 300 to 400m
below. Numerous polymetallic Ag-Pb-Zn veins surround the La Libertad
porphyry Cu-Mo target.

An application has been made for a drill permit to test the property,
and agreements have also been signed with the local community near La
Libertad.

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 Carey Lotz 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 Mar 8, 2010 at 4:20:17 PM Pacific Time
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