Condor Corporate Update

Rhea-AI Summary

Condor Resources Inc. announced the resignation of Mr. Andres Recalde as Director and VP of Community and Social Relations. CEO Lyle Davis expressed gratitude for Recalde's contributions to community relations. The company continues its focus on exploring opportunities in Peru, aiming to discover significant precious and base metals deposits. Condor employs a project generator and royalty model to generate exploration capital while minimizing shareholder dilution. The Lima-based exploration team manages project acquisition and exploration activities, aligning with the company's strategic objectives.

Positive

• Condor is focusing on exploration in Peru, targeting major precious and base metals deposits.
• The company's project generator and royalty model reduces shareholder dilution.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 20, 2023 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) announces the resignation of Mr. Andres Recalde as Director, and as VP of Community and Social Relations.

Condor CEO Lyle Davis said: "We thank Andres for his commitment and efforts to develop our community relations policies, and relations with local stakeholders, and wish him well in his future endeavours".

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and exploration activities are managed by the Company's Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,

President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

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.

SOURCE: Condor Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/744610/Condor-Corporate-Update

FAQ

What recent changes occurred in Condor Resources Inc. leadership?

Mr. Andres Recalde has resigned as Director and VP of Community and Social Relations.

What is the focus of Condor Resources Inc. in their exploration activities?

Condor focuses exclusively on exploration in Peru for precious and base metals deposits.

How does Condor Resources Inc. minimize shareholder dilution?

The company utilizes a project generator and royalty model to generate exploration capital.

Who is the CEO of Condor Resources Inc.?

Lyle Davis is the President and CEO of Condor Resources Inc.

What is the goal of Condor Resources Inc.'s exploration efforts?

The goal is to discover a major new precious metals or base metals deposit in Peru.