Generate. Explore. Discover. CONDOR RESOURCES INC. Generate. Explore. Discover. Copper & Gold in Latin America September 2008

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION CONDOR RESOURCES INC. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information included in or incorporated by reference in this presentation, including information as to our future financial or operating performance and other statements that express management’s expectation or estimates of future performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, and similar expressions identify forward looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in commodity prices; risks arising from holding derivative instruments (such as credit risk, market liquidity risk, and mark to market risk); changes in national and local government legislation, taxation, controls, regulations and political or economic developments in the countries we operate or other countries in which we do or may carry on business in the future; business opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. You are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to Condor’s prospectus on file with the Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

CONDOR RESOURCES INC. The Company Management Corporate strategy Seven 100% owned projects in Chile Five projects in Peru Investment opportunity

The Company 2006 IPO/Project generation five 100% owned properties in Chile options on two projects in Argentina 2007 Ongoing project generation: seven 100% owned properties in Chile discovery of large new copper project acquisition of new projects in Peru

2008 Project development & generation: - acquired 65% interest in Peruvian Gold project - received drill results from Ocros - JV with Galileo Minerals on Royal property - Phase 1 drill program started on Brahma property - released Argentinean properties

Management Over 40 years of experience in Latin America Direct involvement in several major copper and gold deposit discoveries in Latin America (Escondida, Escondida Norte and Zaldivar) Over 20 years of public company management experience

Management Pat Burns, President/CEO/Director Member of the discovery team and first project manager at Escondida, Escondida Norte and Zaldivar porphyry copper deposits Discovered the San Cristobal gold deposit 25 years of experience in Latin America (17 in Chile) Extensive South American contact base

Management Ever Marquez, VP Exploration 17 years experience in Chile, Argentina, Ecuador and the US Part of the discovery team of the Rio Blanco Cu-Mo porphyry deposit in Peru Recipient of the Newmont Mining “Exploration 2006 Discovery Recognition Award” for his discovery of the Breapampa-Andrea high grade gold-silver district in Southern Peru

Management Patrick Burns President/CEO Ever Marquez Amado VP Exploration Graham H. Scott Corp. Sec./Director Nial Barrett CFO Lyle Davis Director Paul Larkin Director Technical Advisory Board John E. Robins, P. Geo; Patrick Gorman; Brian Fagan; Art Soregaroli, Ph. D

Corporate Strategy Generate projects of merit by leveraging contact base, local knowledge and experience Fund exploration costs through strategic relationships to mitigate risk and reduce capital expenditures Continue to grow property portfolio to give shareholders access to new and exciting projects

Chile Project Locations BECKER 1000 Miles 1000 Km ARGENTINA BRAZIL BOLIVIA PERU COLUMBIA Ecuador VENEZUELA PARAGUAY CHILE ROYAL ESCUDO CORONA CRISTAL SANTIAGO BRAHMA AUSTRAL

Brahma Porphyry Copper Project

Brahma 270 sq km – 100% owned Located on the prolific West Fissure fault system 200 kms south of the El Teniente mine Cu mineralization traced over 6 sq kms Values up to 2.97% Cu & 1.48 g/t Au in rock float Open to S and SE Phase one drill program commenced July 2008 Santiago El Teniente Mine Brahma WEST FISSURE FAULT SYSTEM 250 Miles 250 Km

Brahma Core box cuttings from Brahma hole 2 Drill turning on Brahma

Brahma Prospecting, sampling and mapping completed in October 2007 Ground work done in early 2008 Access road built in Spring 2008 Phase 1 drill program commenced July 2008 Phase 1 drill program completed September 2008 Awaiting results from Assay labs

Condor de Oro Project

Condor De Oro (Condoro) Au/Cu target 82 sq km Within the Cordillera del Condor (host to Aurelian’s Fruta del Norte gold deposit) Highly anomalous gold and base metal geochemical results coincident with magnetic high over 2 sq km on the western boundary of a large magnetic low Prior work done by Monterrico Metals Mapping and sampling program was completed in September 2008 Option to earn 65%

Capital Structure Shares Issued and Outstanding 24,060,241 Working Capital $3.1 Million Fully Diluted Shares Outstanding 28,564,139 Fully Diluted Cash Position $6.5 Million August 31st 2008

Investment Opportunity Strong Share Structure – tightly held Management with proven deposit discovery record Over 40 years experience in Latin America Extensive Contact Base in Latin America Strategically located properties Early stage projects located within prolific gold and copper belts Actively reviewing new project opportunities

Generate. Explore. Discover. CONDOR RESOURCES INC. Generate. Explore. Discover. Copper & Gold in Latin America September 2008