Condor Resources Announces Results of Annual General and Special Meeting of Shareholders

VANCOUVER, December 12, 2024 - Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to announce the voting results of the Company's 2024 Annual General and Special Shareholders' Meeting (the "Meeting") held on December 11, 2024 at 10am PST, in Vancouver, British Columbia.

A total of 32,169,685 common shares were voted at the Meeting, representing 22.79% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows:

Number of Directors to be Elected

On a vote by a show of hands, the resolution to set the number of directors to be elected at the meeting at six (6) was approved, and all Directors up for election were duly approved.

Appointment of Auditors

De Visser Gray LLP, Chartered Professional Accountants was appointed as auditor of the Company for the ensuing year and the directors of the Corporation were authorized to fix the auditor's remuneration. Details of the voting results are as follows:

Omnibus Equity Incentive Plan

An ordinary resolution adopting the Company's omnibus equity incentive plan, all as more particularly described in the accompanying management information circular, was approved. Details of the voting results are as follows:

The Company also wishes to announce that Mr. Lyle Davis did not stand for re-election to the Board of Directors of Condor Resources. Mr. Davis was a long-standing Director of the Company as well as CEO from July 2013 until April 2024. Management and the Board wish to express their sincere gratitude to Mr. Davis for all his contributions to the Company and wish him the best in future endeavors.

About Condor Resources Inc.

Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km² property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has optioned several large projects to partners who continue to advance these projects. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities.

For more information, please visit the Company's website at www.condorresources.com.

ON BEHALF OF THE BOARD

Chris Buncic
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

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements include, but are not limited to the Company's expectations with respect to the use of proceeds and the use of the available funds following completion of the LIFE Offering and statements respecting completion of the LIFE Offering and receipt of all regulatory approvals in respect of the LIFE Offering, including approval of the TSXV.

Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties, including risks associated with the business of mineral exploration and development; continued availability of capital and financing; general political and economic conditions, fluctuations in metal prices and other market-related risks, including any volatility in the Company's share price, that may cause actual results, performance or developments to differ materially from those contained in such statements. Therefore, readers are cautioned not to place undue reliance on forward-looking statements and forward-looking information. Condor does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

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.

SOURCE: Condor Resources Inc.