Update on Arras

Condor Resources PLC
18 December 2007


18th December, 2007

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


   High Grade Results from Maiden Drilling at the Segovia Project, Nicaragua

Highlights

Condor Resources Plc (AIM: CNR) is pleased to announce completion of the first
phase of drilling at two prospects on the San Albino Licence, within the Segovia
Project area in Nicaragua.  Results to date include:

One metre final sample results:
                         
     •    SARC005        4 metres at 17.9g/t gold from 8 metres

4 metre composite results:

     •    SARC013        8 metres at 8.26g/t gold from surface, and
     •    SARC013        4 metres at 4.37g/t gold from 12 metres

Individual one metre split assays for Hole SARC013 have been sent to the
laboratory and results are awaited.

CEO, Nigel Ferguson, stated 'The results from the initial drilling on the Arras
Prospect have confirmed that high grade gold mineralisation encountered at
surface continues at depth with good grade and width. The indication of a second
parallel zone of gold mineralisation in the latest composite sample assay
results is an encouraging bonus.  The Company will follow the mineralization
down dip through a second phase of drilling expected to start in February 2008.
We are confident that further significant mineralisation will be encountered and
a resource proved up at the Arras Prospect.'

Segovia Project

A total of fifteen reverse circulation and combination reverse
circulation-diamond core drill holes were drilled for 1,683 metres of reverse
circulation and 64.7 metres of diamond core. Twelve of the drill holes tested
the Arras Prospect for the continuation at depth of high grade surface gold
mineralisation defined by recent trench sampling (RNS 3rd September 2007). The
remaining three scout drill holes comprising a total of 283 metres reverse
circulation drilling, targeted the mineralised structure of the historical San
Albino Mine. At both prospects the drilling was at between 40 metre and 80 metre
spacing, testing a combined strike extent of over 400 metres.

Four metre composite assay results have been received for all drill holes.
Initial positive composite sample results warranted 1 metre riffle split
sampling of the anomalous intervals and to date the results of the first six
drill holes have been received. A summary of greater than 1 gram per tonne gold
intercepts include:
                    
     •    SARC005             4 metres at 17.9g/t gold from 8 metres
     •    SARD001             1 metre at 2.87g/t gold from 31 metres
     •    SARD001             0.37 metre at 1.09g/t gold from 170 metres

Best composite results:

     •    SARD010             4 metre at 1.15g/t gold from 12 metres
     •    SARD010             4 metre at 1.19g/t gold from 92 metres
     •    SARC013             8 metres at 8.26g/t gold from surface, and
     •    SARC013             4 metres at 4.37g/t gold from 12 metres
     •    SARC014             4 metres at 1.87g/t gold from surface
     •    SARC015             4 metres at 1.27g/t gold from 36 metres

Arras Prospect

The Arras Prospect is located some 600 metres south of the historical San Albino
Mine.  Trench sampling has defined a high-grade gold mineralised structure, over
200 metres long with gold intercepts including 24 metres at 7.17 grams per tonne
gold at the surface.  The high-grade gold intercept of 4 metres at 17.9 grams
per tonne gold from 8 metre drill depth in discovery drill hole SARC005 compare
favourably with similar grade composite samples from drill hole SARC013 and
positive intercepts in drill holes SARC014 and SARC015 indicating that gold
mineralisation dips at approximately 35 degrees to the northwest.

Two mineralised intervals were intercepted in drill hole SARC013. It is likely
that old mine workings intercepted in SARC014 at 7 metre and in SARC015 at 31
metre represent the second mined-out mineralised interval in both these drill
holes. Field observations and local reports suggest that mining at Arras was
only at the developmental stage when mining activities were halted by civil
unrest in the 1930's so it is thought that only a small portion of the gold
mineralised material was removed.

The new drilling results now define a tabular shallow dipping mineralised body
with a surface strike length of between 210 and 290 metres and up to two
parallel lodes, one of which is 4 metres thick. A minimum down dip extent of up
to 100 metres has now been defined by drilling and remains open down-dip.
Further drilling is planned in 2008 to test for gold mineralisation below 100
metres vertical depth. Gold mineralization occurs in sulphide-bearing quartz
veins and veinlets hosted by a thick package of quartz-mica-graphite schist.

San Albino Prospect

A further three reverse circulation scout drill holes, for a total of 283
metres, were drilled into the mineralised structure of the historical San Albino
Mine. Drilling targeted zones beneath the 300 foot and 400 foot mine levels, as
defined by old mine plans and some outcrop data. As at the Arras Prospect, the
two holes drilled towards the northwest failed to intercept gold mineralisation,
whereas drill hole SARC010, which was drilled in the opposite direction (towards
the southeast) intercepted two gold mineralised zones.  Composite assay results
returned two anomalous intervals in drill hole SARC010 returning 4 metres at
1.15 grams per tonne gold from 12 metres and 4 metre at 1.19 grams per tonne
gold from 92 metres.

These results suggest that mineralisation is dipping in a northerly direction.
Historical records indicate that higher grade material (greater than 1 ounce or
31 grams per tonne gold) was extracted from the San Albino mine before civil
unrest halted production in the 1930's, and rock chip samples of mine spoil
collected from the entrance to some of the mine adits returned assay results up
to 72 grams per tonne gold.  Further drilling is planned to test for a higher
grade zone along strike or down dip.

Condor remains optimistic about the potential for the discovery of economic gold
mineralisation on the San Albino-Murra and contiguous Potrerillos concessions,
and at the Arras Prospect in particular.  An initial resource calculation will
be undertaken early in 2008. Condor has scheduled further drilling of the
projects to commence in late January 2008.

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 21 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 mineralization 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]

Mirabaud Securities Limited             Rory Scott
                                        [phone]

Parkgreen Communications Limited        Simon Robinson
                                        [phone]

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
either:
          
     1.   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, or
          
     2.   CAS de Hondurus Laboratory for completion of sample preparation and          
          final assay determination.

About Condor Resources Plc:

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

An independent competent person's report prepared by Ravensgate and included in
the Company's Admission Document combined with a subsequent mineral resource
calculation statement in December 2006 reported Inferred Mineral Resources, as
defined by the JORC standard of some 467,104oz gold and 18.4Moz silver within
two project areas 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.


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