Condor Gold Regulatory News (CNR)

Condor Gold plc

Mark Child, Executive Chairman and CEO

+44 (0) 20 7493 2784

Beaumont Cornish Limited

Numis Securities Limited

 Roland Cornish and James Biddle

+44 (0) 20 7628 3396

John Prior and James Black+44 (0) 20 72601000

Farm Street Media

Simon Robinson

+44 (0) 7593 340107

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Condor Gold Plc.

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

x

An event changing the breakdown of voting rights

Other (please specify):

Agreement for a concerted exercise of voting rights

3. Full name of person(s) subject to thenotification obligation: iii

International Finance Corporation

IFC is an international organization established by Articles of Agreement among its member countries and as such, enjoys certain immunities, privileges and exemptions, including the freedom of all of its property and assets from restrictions, regulations, controls and moratoria of any nature. The voluntary provision by IFC of any of the information set forth in this document does not in any way constitute or imply a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions, or applicable law.

4. Full name of shareholder(s)  (if different from 3.):iv

N/A

5. Date of the transaction and date onwhich the threshold is crossed orreached:

May 27th, 2016

6. Date on which issuer notified:

May 27th, 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

8%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

3,900,000

3,900,000

4,500,000

4,500,000

8.5%

Ordinary Shares GB00B8225591

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Share warrants

Share warrants

£0.60

£1.44

Apr 14, 2018

Oct 30, 2018

400,000

1,950,000

Nominal

Delta

0.8%

3.7%

0.6%

2.0%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,850,000

11.1%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information

N/A

14. Contact name:

Juan Jose Rossel

15. Contact telephone number:

+51 1 611 2520