Resource Update

Condor Resources PLC
20 December 2006

                              Condor Resources plc
                          ('Condor' or 'the Company')



        Maiden Resource reported for the La Calera Project, El Salvador

                      Condor Global Gold Resources up 32%



Further to the exploration update announced on 13th December 2006, Condor
Resources plc (AIM: CNR) reports a maiden resource calculation to JORC standards
for the La Calera Project in El Salvador that increases the Company's global
gold resources by 32%. The La Calera resource at a 0.5g/t Au bottom cut is
stated as:


                  Summary of Mineral Resources  - La Calera Prospect
   Mineral                 Gross Gold                          Gross Silver
 Resources                   Grade      Contained              Grade       Contained
                Tonnes       (g/t)     Metal (oz)     Tonnes   (g/t)       Metal (oz)
Total         1,692,000      2.07        112,604     1,692,000    1.79          97,373
Inferred



Condor's independent geological consultants, Ravensgate Pty Ltd ('Ravensgate'),
have completed modelling of the La Calera data to provide the resource statement
to current JORC standards. The Company's global resources now stand at some
467,104 ounces of gold and 18.4 million ounces of silver. Details of these
resources are tabulated below:


                   Global Mineral Resources - Condor Resources plc
                                    Gross Gold                  Gross Silver
Prospect           JORC      Tonnes   Grade  Contained   Tonnes    Grade   Contained
                                      (g/t)  Metal (oz)            (g/t)  Metal (oz)
                 Category

Loma del Caballo Inferred  2,517,300    1.44  116,500   2,517,300   39.00
                                                                            3,200,000
Divisidero       Inferred  2,748,200    2.70  238,000   2,748,200  171.00  15,100,000
La Calera        Inferred  1,692,000    2.07  112,604   1,692,000    1.79      97,373
TOTAL                      6,957,500   2.09   467,104   6,957,500   82     18,397,373



Ravensgate's modelling of the deposit also indicates that using similar
parameters for resource calculation, a further 193,000 ounces of gold and
155,000 of silver are contained within the prospect, but do not meet the strict
criteria for JORC reporting and compliance. Condor is planning to drill the
project in the first quarter of 2007 to test the ore model, confirm the
existence of the further resource ounces present and bring those resource ounces
into JORC compliance.


Given the excellent results reported at La Calera the Company is further
encouraged that its resource objectives will be achieved during 2007 with
continued drilling of its project areas in El Salvador.



Qualified Person's Declaration

The information in this announcement that relates to Exploration Results is
based on information compiled by and reviewed by Nigel Ferguson, CEO, who is a
Member of the Australian Institute of Mining and Metallurgy and a geologist with
over 20 years of experience in the exploration and definition of precious and
base metal Mineral Resources and has sufficient experience that is relevant to
the style of mineralisation and type of deposit under consideration and to the
type of activity which he is undertaking to qualify as a Qualified Person as
defined in the March 2006 Edition of the AIM Guidance Note for Mining, Oil and
Gas Companies.  He consents to the inclusion in the report of the matters based
on his information in the form and context in which they appear and confirms
that this information is accurate and not false or misleading.



                                      Ends



Enquiries:



Condor Resources Plc               Mark Child, Chairman
                                   [phone]
                                   Nigel Ferguson, CEO
                                   [phone]



Nabarro Wells & Co. Limited        Hugh Oram
                                   [phone]
                                   Anthony Rowland
                                   [phone]

Parkgreen Communications Limited   Ana Ribeiro
[phone]



About Condor Resources Plc:

Condor Resources Plc was admitted to AIM on 31st May 2006 and raised £4.9m.
Condor is a mineral exploration company focused on El Salvador and Nicaragua.
The Company has 100% ownership of four licences and is earning 100% interest in
a fifth licence contained in three project areas in El Salvador.  Condor also
has the option to earn an 80% interest in four licences contained within three
project areas in Nicaragua.


The resources estimates reported in the independent competent person's report
prepared by Ravensgate and included in the Company's Admission Document have
been updated by the results in this announcement and the Company's Inferred
Mineral Resources, as defined by the JORC standard, now stand at some 467,104oz
gold and 18.4Moz silver within three licences in El Salvador.


The Company's objective is to prove up significant gold and silver resources of
between 1 to 2 million ounces of gold and 30 to 50 million ounces of silver to
JORC reportable standards by the 31st May 2008.  The Company intends to continue
to drill test targets within its Project areas.  The drilling programme is
planned to be between 20,000m and 40,000m of combined reverse circulation and
diamond drilling.


Resource Calculation Notes

Resource estimates completed by Ravensgate were completed using data provided
and verified by Condor. The reported tonnages and grades are in accordance with
the guidelines and recommendations of the JORC Code (December 2004). Drill data
used at La Calera is predominantly from Diamond Drilling and to a lesser degree
Reverse Circulation Drilling. Assay determinations were carried out by BSI
Inspectorate Laboratories in Sparks, Nevada, using a Fire Assay 30gm with an
atomic absorption finish for gold and XRF for silver. Drill hole samples were
composited to uniform 1m 'down-hole' lengths. Variograms were developed and
interpreted by Ravensgate to define the observable spatial relationship of the
Au and Ag assay grades. Density has been estimated to be 2.50 tonnes/cubic
metre. A comprehensive rock mass and structural model 3-D was constructed from
available logging and mapping data and then used as basis for 3-D mineralization
shell model development. Block grades were interpolated into the 3-D block
models using the Ordinary Kriging algorithm and were 'constrained' according to
the local mineralization shell geometry, and also the understood structural
regime.


Chain of Custody

Condor enforces a strict chain of custody, with all field samples being
collected under the supervision of a qualified senior geologist.  Samples are
sealed in larger bags and kept under lock and key until being delivered to BSI
Inspectorate Laboratories, Guatemala, for completion of the sample preparation
phase.  Prepared samples are then forwarded by courier to BSI Laboratories in
Sparks, Nevada, USA for final assay determinations.



                      This information is provided by RNS
            The company news service from the London Stock Exchange