Shareholding in Company

Condor Resources PLC
08 June 2006

8th June 2006




                              Condor Resources plc

                                ('the Company')


                          Shareholding in the Company


Following the placing and admission of the Company to AIM on 31 May 2006 and the
subsequent placing of Ordinary shares of 1p each, the following interests in the
total issued share capital of the Company fall to be notified:


                                                       No. Ordinary shares        % total issued

                                                                                   share capital

Condor Resources Limited*                                       38,361,753                29.55%
Roy Nominees Limited                                            11,000,000                 8.47%
Chase Nominees Limited                                          10,000,000                 7.70%
Stephen John Dobson                                              5,619,500                 4.33%
Bayonet Investments Pty Limited                                  5,519,500                 4.25%
Delstar International Limited                                    5,000,000                 3.85%
Securities Services Nominees Limited                             5,000,000                 3.85%
State Street Bank Nominees Limited                               4,400,000                 3.39%
Giltspur Nominees Limited                                        4,200,000                 3.24%




Note*:  As explained in the Admission Document, a distribution by Condor
Resources Limited (an Australian company) of its shareholding in the Company to
its shareholders is planned to occur before 30 June 2006.






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