CN Condor Resources Inc

Condor Resources Inc. ("Condor" or the "Company") (TSX VENTURE:CN) and the
Concerned Shareholders of Condor are pleased to announce that they have reached
a Settlement Agreement (the "Agreement"). Accordingly, the Concerned
Shareholders have withdrawn their requisition for a Special Meeting of
Shareholders, as announced by the Concerned Shareholders in a press release
dated October 10, 2013.


"There was a tremendous effort put forth by both sides in order to reach an
Agreement, which is the best case scenario for all shareholders. We look forward
to their help in building the Company," said Lyle Davis, President and Chief
Executive Officer.


"We are pleased to have reached a resolution that will enable the Company to
focus on creating shareholder value," said Francisco de Undurraga on behalf of
the Concerned Shareholders.


The Agreement includes the following provisions:



--  Condor will use its best efforts to hire a bilingual CEO to be based in
    Lima, Peru by March 31, 2014. 
--  Condor's founder, Patrick Burns, will serve as an advisor to the Company
    in addition to his ongoing role as a member of the Company's board of
    directors. 
--  Francisco de Undurraga will serve as an advisor to the Company's board
    of directors, and will have the right to be appointed to the Condor
    board upon his request prior to the 2014 Annual General Meeting. 
--  The Concerned Shareholders and their nominees will be entitled to
    participate in the current private placement, and any subsequent private
    placements prior to December 31, 2014, subject to certain limitations. 
--  The Concerned Shareholders will not requisition a shareholder meeting of
    Condor or solicit proxies against management during the period up to
    December 31, 2014. 



The Company has four of its properties under active exploration by third
parties, and looks forward to a flow of results from these programs. In
addition, the Company is actively seeking partners on its other projects, and
reviewing new opportunities identified by its Lima based technical team.


ON BEHALF OF THE BOARD

Lyle Davis, President & Chief Executive Officer

Cautionary Statement Regarding Forward-Looking Information: All statements,
trend analysis and other information contained in this press release relative to
markets about anticipated future events or results constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation
to update forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue reliance
on forward-looking statements. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Condor Resources Inc.
Lyle Davis
President & Chief Executive Officer
1-866-642-5707
info@condorresources.com

Condor Resources (TSXV:CN)
Historical Stock Chart
From Feb 2025 to Mar 2025

Condor Resources (TSXV:CN)
Historical Stock Chart
From Mar 2024 to Mar 2025