November, 201228.5m interval grading 5.0 g/t Au & 1.10% Cu; and a 33.0m interval grading 2.5 g/t Au. • Condor geologists have now identified a total of nine breccia pipes at Soledad.

November, 2012

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 operatingperformance and other statements that express management’s expectation or estimates of future performance, constitute “forward-lookingstatements”. 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 expressionsidentify 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 andcontingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-lookingstatements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in commodity prices; risks arisingfrom holding derivative instruments (such as credit risk, market liquidity risk, and mark to market risk); changes in national and local

Condor Resources Inc.

from holding derivative instruments (such as credit risk, market liquidity risk, and mark to market risk); changes in national and localgovernment legislation, taxation, controls, regulations and political or economic developments in the countries we operate or other countriesin which we do or may carry on business in the future; business opportunities that may be presented to, or pursued by, us; our ability tosuccessfully 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; diminishingquantities or grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undevelopedproperties. In addition, there are risks and hazards associated with the business of exploration, development, and mining, includingenvironmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding (and the risk of inadequateinsurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual resultsand could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalfof, us. You are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statementsmade in this presentation are qualified by these cautionary statements. Specific reference is made to Condor’s prospectus on file with theCanadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. Wedisclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future eventsor otherwise, except to the extent required by applicable laws.

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Management

Patrick Burns, President & CEO, Director

30 years experience in Latin America. Directly involvedin the discovery of Escondida.

Ever Marquez Amado, VP Exploration

Directors

Robert Boyd, Director

Lyle Davis, Director

Paul Larkin, Director

Patrick Burns, Director

Graham Scott, Director

Experienced Management Team

Exploration geologist with more than a 20 year careerin mineral exploration. Previously the Senior RegionalExploration Geologist for the Andes at Newmont Peru.

Graham H. Scott, Corporate Secretary & DirectorPrincipal of VECTOR Corporate Finance Lawyers.

John S. Watt, Chief Financial Officer

Chartered Accountant with over 37 years of business experience.

Graham Scott, Director

Technical Advisory Board

Brian Fagan

Patrick Gorman

Art Soregaroli

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• Condor is a project generator focused exclusively on precious and base metalsexploration in South America, particularly Peru and Chile.

• Condor’s long term objective is the discovery of a major new precious and/or base metalsdeposit.

• Excellent portfolio of discovery stage properties

• 10 Projects in Peru: Soledad, Condor de Oro, Pucamayo, Chavin, Quriurqu, San

Company Highlights

• 10 Projects in Peru: Soledad, Condor de Oro, Pucamayo, Chavin, Quriurqu, SanMartin, Sol de Oro, Kury Intsa, La Libertad, & Ocros.

• 5 Projects in Chile: Cristal, Brahma/Austral, Royal, Corona, & Becker.

• Joint Ventures recently signed with BHP Billiton in Chile, and Mariana Resources in Peru.

• With more than 40 years of combined experience in the region, Condor’s exploration teamhas a proven track record of discovery.

• Committed to a high standard of community & social responsibility.

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• 100% owned, 7.13 sq km property, located in the central Peruvian Andes about 34 km south of Barrick’sPierina mine in Peru.

• Previous work dates back to the 1960's. A 1996 drill program tested one of three breccia pipes identified atthe time.

• The best 3 holes from 1996 reported a 61.5m interval grading 1.9 g/t Au, 145.8 g/t Ag, & 1.82% copper; a28.5m interval grading 5.0 g/t Au & 1.10% Cu; and a 33.0m interval grading 2.5 g/t Au.

• Condor geologists have now identified a total of nine breccia pipes at Soledad.

Soledad - Au/Ag/Cu prospect with historic drill results

• Condor geologists have now identified a total of nine breccia pipes at Soledad.

• Sampling highlights from the new breccia bodies include 3.1 g/t Au and 242 g/t Ag over 2 meters; and 2.1 g/tAu and 242 g/t Ag over 2 meters.

• As well as the breccias bodies, eight quartz‐tourmaline structures and numerous polymetallic Ag‐Cu‐Pb‐Znveins have been identified within the alteration system.

• A 25.4 line km IP survey completed in June 2012 readily identified the breccias, but also indicated a largebroad anomaly at depth, suggesting a possible intrusive related bulk tonnage Au-Ag-Cu system.

• Permitting is underway to conduct approximately 2500m of drilling on the Soledad project.

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Soledad

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The B5 breccia pipe at Soledad showing strong FeOx.

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Cristal Copper Project – Option Agreement with BHP Billiton

• BHP Billiton earn-in agreement signed October 5 2012 on Condor’s 46 sq km Cristal projectin northern Chile.

• Mandatory US$500,000 work program during the first year of the option.

• We anticipate that BHP Billiton will be conducting airborne geophysical surveys at Cristal in2012.

• BHP Billiton have an exclusive option to earn 65% by completing exploration expenditures ofUS$18 million over 4 years. By completing an additional US$7 million of explorationexpenditures, BHP Billiton can increase their interest to 75%.

• Based on a review of the public mineral concession records in Chile, BHP Billiton hasinterests in the mineral concessions to the west, north, and east of Cristal, and AngloAmerican have interest in the concessions to the south.

• Our sources have informed us that RTZ drilled approximately 80m of > 1% Cu near thesouthern boundary of the Cristal concessions in the mid 1990s.

Cristal - Satellite View

Highly Prospective Location!

• 102 sq km in the Cordillera del Condor

Cordillera del Condor Belt

Condor de Oro

• 102 sq km in the Cordillera del Condor

• 125 km south west of Kinross’s Fruta delNorte project

• 55 km east of Zijin Mining Group’s Rio Blanco project

• Potential for the discovery of a large bulktonnage precious and base metals deposit.

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• Letter of Intent signed October 2012 with Mariana whereby Mariana can earn 51% netinterest in part or all of the project under 2 separate options.

• Area 1 option covers 34 sq km block on the southern part of the concessions, and includesthe Pucayacu target. Mariana can earn the 51% interest over 4 years with cash paymentsof US$2.5 million, and US$12.5 million in work programs.

Condor de Oro – joint venture with Mariana Resources Ltd.

• The LOI stipulates 1500m of diamond drilling on Area 1 during the first year of the option.

• Area 2 option covers the remaining 68 sq km at Condor de Oro, and includes theYuracyacu target. Mariana have an exclusivity period until Dec 31 2012 on Area 2.

• If Mariana proceeds with the option on Area 2, they can earn a 51% interest over 4 yearswith cash payments of $US2.5 million, and US$12.5 million in work programs.

• Ray Angus, COO of Mariana said “This is an opportunity for Mariana to drill untestedpotential company-maker gold and base metal targets in this highly prospective belt...”

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Pucayacu Target at Condor de Oro (Gold – Silver – Copper)

Panoramic view showing base camp with helicopter pad located in center of the Panoramic view showing base camp with helicopter pad located in center of the AuAu--AgAg--Cu mineralized systemCu mineralized system.. 13

Chavin

• 100% owned property covers an area of 8sq km located 45km NW of the Pierinagold-silver mine operated by Barrick GoldCorporation and 10km SW of thePashpap Cu-Mo porphyry project.

• A total of $500,000 of work completed at

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• A total of $500,000 of work completed atChavin since 2010, including geologicalmapping, topographical surveys,extensive surface mapping, andconstruction of an 8 km access road.

• Chavin is a drill ready high grade preciousmetals vein system with potential for adisseminated bulk tonnage target atdepth.

Main vein at Chavin, 1.5m wide, 120/50SW with massive sulphides comprising sphalerite-galena-chalcopyrite-pyrite-pyrrhotite with banded quartz-carbonate halos. Assayed 0.3 g/t Au, 72 g/t Ag, 1.4% Pb &1.6% Zn. 15

• A new discovery of a potential high grade bulk tonnage Au-Ag mineralized system within theOrcopampa-Caylloma precious metals belt in southern Peru.

• A sediment-hosted pervasive silicified hydrothermal breccia in Cretaceous quartzites withsilica-barite-sulphides and FeOx.

• Discovery Zone measures 700m by 100m at surface, with highly anomalous Au-Agmineralization including peak highs of 3.1 g/t Au and 3,490 g/t Ag over 2m and 1.97 g/t Au and

San Martin – potential bulk tonnage silver deposit

mineralization including peak highs of 3.1 g/t Au and 3,490 g/t Ag over 2m and 1.97 g/t Au and3,240 g/t Ag over 4m.

• A 10 hole, 2001m diamond drill program completed April 2012 and tested the 700m x 100mexposed breccias.

• At or near surface silver mineralization in all 10 holes. For example, Hole 1: 15m of 69 g/t;Hole 7: 13m of 49 g/t; Hole 8: 9m of 65 g/t Ag.

• Analysis of the Phase I drill program indicates the centre of the mineralized system remainsopen at depth and additional drilling is recommended.

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San Martin Geochemistry Rock AG (PPB)

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Historic small mining activity

Corona

• Large epithermal lithocap surrounded byremobilized secondary copper oxides,suggesting an intrusive porphyry coppersystem at depth.

18Hand cobbed secondary copper ore piles at Corona

• Anomalous geochemistry supports thishypothesis.

• IP and Resistivity geophysics also suggesta possible porphyry copper system atdepth.

• Potential to host economic polymetallicmineralization.

October 29, 2012

Shares Outstanding: 68,153,241

Options: 5,755,000

Warrants: 1,500,000

Fully Diluted: 75,408,241

Share Structure

Fully Diluted: 75,408,241

Working Capital (August 31, 2012): $0.87 million

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• Condor is committed to working with the local communities to complete its explorationprograms and develop sustainable projects for the future.

• Discussions and presentations involving the local communities are standard Companypolicy.

Community Relations

Meeting with local authorities

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Meeting with company personnel

Condor de Oro:

• Mariana Resources mobilized to site November 2012.

• Completion of their due diligence on Area 2 required by Dec 31st, includes 200 samples.

• Mariana have mandatory 1500m drill program to complete by October 2013 on Area 1.

Cristal:

• BHP Billiton expected to complete an IP survey in 2012, followed by a drill program in 2013. Mandatory $500,000 work program to be completed by October 2013.

Moving Forward

Mandatory $500,000 work program to be completed by October 2013.

Soledad:

• 2500m drill program planned to confirm historic results and to selectively drill newly identifiedbreccias. Drilling to commence with receipt of drill permit.

New Joint Ventures:

• Condor is actively seeking joint venture partners on several of its other projects, and hopes toannounce additional JVs before year end.

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Head Office

Condor Resources Inc.Suite 120, 601 West Cordova StreetVancouver, BC Canada, V6B 1G1

Contact Information

Canada, V6B 1G1

Phone: 604-642-5707Fax: 604-647-0107Toll Free: 1 [email protected]

Business Development/Corporate CommunicationsLyle [email protected]