Last checked at 8 Jul 2010 09:30
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| Condor Resources Plc 7th Floor 39 St. James's Street London SW1A 1JD Telephone +44 020 74081067 Fax: +44 020 74938633 |
For Immediate Release
8 July 2010
Condor Resources plc
("Condor" or "the Company")
Result of Annual General Meeting
The board of directors of Condor is pleased to announce that at its Annual General Meeting ("AGM") held at 9.00 a.m. today all of the resolutions set out in the notice of AGM dated 15 June 2010 were duly passed.
For further information please visit www.condorresourcesplc.com or contact:
| Condor Resources Plc | Mark Child, Chairman +44 (0) 20 7408 1067
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| Ambrian Partners Limited | Richard Swindells and Samantha Harrison +44 (0) 20 7634 4700
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| Farm Street Media | Simon Robinson +44 (0) 7593-340107
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About Condor Resources Plc
Condor Resources plc is an AIM listed exploration company focused on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador. Condor has eight 100% owned licences contained within four project areas in Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.
Since Admission to AIM, Condor has increased its JORC compliant inferred resources from 350,000 ounces of gold and 18 million ounces of silver to 788,000 ounces of gold and 22 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure. As announced on 14th June 2010 Condor's net cash position was circa £658,000 at the 31st December 2009. Condor also owns approximately £1,496,000 worth of shares in Grafton Resources investments Limited as a result of a share exchange approved by shareholders at an AGM on 12th June 2009.