Company Condor Resources Inc. Toronto S.E.

Condor Resources Inc. is an exploration stage company. It is engaged in the business of acquisition and exploration of mineral properties in Peru. Its portfolio includes Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, Andrea, San Martin, Lucero, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 42 square kilometers within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. Quriurqu property is located about 45 kilometers (km) southwest of the Pierina gold-silver mine. Huinac Punta is about 65 km south-east of the Antamina mine. The Pucamayo project is located 185 km southeast of Lima at an elevation of 3800 to 4200 meters (m), in the Tertiary volcanic belt. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.