Drilling La India Starter Pits Results

SURREY, UK - Condor Gold has received the final assay results from the Southern Start Pit whereby all assay results have now been received for forty five diamond core drill holes for 2345.95 m in and just beneath the La India Starter Pits. The two planned high-grade Starter Pits (up to 35 m deep), the Northern and Southern Starter Pits, have now been drill tested at 25 m by 25 m spacing. These results will be used to estimate an updated mineral resource and reserve. In summary, the infill drilling program has confirmed that the La India Starter Pits, which sit within the fully permitted La India Open Pit Mineral Reserve Estimate of 6.9Mt at 3.1 g/t gold for 675,000 oz gold, contain approximately 447Kt at 4.17g/t gold for 59,672 oz contained gold within 35m of surface will be targeted early for extraction. The drill assay results further derisk the project ahead of production.

Highlights of New Drill Assay Results: 6.26g/t gold over 8.1m true width from 38.0m drill depth (LIDC442) just beneath the Starter Pit indicate the pit could push deeper; 6.05g/t gold over 5.8m true width from 10.2m drill depth (LIDC448); 2.36g/t gold over 11.9m true width from 7.1m drill depth (LIDC436); Results received for 45 diamond core drill holes for a combined 2345.95 m of infill and RC replacement drilling completed within and just beneath the La India Starter Pits; 10 drill holes for 827.40 m replacing previous RC holes outside the Starter Pits area of influence, but within the main La India open pit have been completed; and Drill results support strategy that approximately 447 Kt at 4.17 g/t gold for 59,672 oz contained gold with 35m of surface will be targeted early for extraction.

Mark Child, Chairman and CEO, said, "Final drill assay results from the La India Starter Pits infill drilling program include 6.26g/t gold over 8.1m true width from 38.0m drill depth (LIDC442) just beneath the Starter Pit, which indicates the pit could push deeper and 6.05g/t gold over 5.8m true width from 10.2m drill depth (LIDC448). Both drill assay results are excellent and add considerable confidence to the geological model, the mineral resource and mineral reserve calculations and the mine plan. The drill results strengthen the case for the Starter Pits, which are within 35 m of the surface and contain approximately 455Kt at 4.17g/t gold for 59,674 oz gold using a 2.00g/t cut off grade, to be mined early to quicken the payback period and enhance the Project's economics. The starter pits sit within the main fully permitted La India open pit, which has a Mineral Reserve Estimate of 6.9Mt at 3.1 g/t gold for 675,000 oz gold".