condor resources inc

www.condorresources.com TSXV : CN

CONDOR RESOURCES INC.

Generate. Explore. Discover.

September 2008

Copper & Gold in Latin AmericaCopper & Gold in Latin America


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.



The Company

Management

Corporate strategy

Seven 100% owned projects in Chile

Five projects in Peru

Investment opportunity


The Company

2006 IPO/Project generation– $2M @ .40– 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 inLatin America

Direct involvement in several majorcopper 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 BoardJohn 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


BECKER

0

0

1000 Miles

1000 Km

ARGENTINA

BRAZIL

BOLIVIA

PERU

COLUMBIA

Ecuador

VENEZUELA

PARAGUAYC

HILE

ROYAL

ESCUDO

CORONA

CRISTAL

SANTIAGO

Chile Project Locations

BRAHMAAUSTRAL


Brahma Porphyry Copper Project


270 sq km – 100% ownedLocated on the prolific West Fissure fault system200 kms south of the El Teniente mineCu mineralization traced over 6 sq kmsValues up to 2.97% Cu & 1.48 g/t Au in rock floatOpen to S and SEPhase one drill program commenced July 2008

Brahma

0

0

250 Miles

250 Km

WEST FISSUREFAULT SYSTEM

Santiago

El Teniente Mine

Brahma


Brahma

Core box cuttings from Brahma hole 2

Drill turning on 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

Brahma


Condor de Oro Project


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%

Condor De Oro (Condoro)


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

Capital Structure

August 31st 2008


Strong Share Structure – tightly heldManagement with proven deposit discovery recordOver 40 years experience in Latin AmericaExtensive Contact Base in Latin America Strategically located propertiesEarly stage projects located within prolific gold and copper belts Actively reviewing new project opportunities

Investment Opportunity



Generate. Explore. Discover.

September 2008

Copper & Gold in Latin AmericaCopper & Gold in Latin America

condor resources inc

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