Condor Resources and Element79 Restructure Lucero Payment Terms

Condor Resources Inc. has announced a restructured payment agreement with Element79 Gold Corp. regarding the Lucero Project in Peru. The original payment of US$1,000,000 due December 2024 is now set at US$1,100,000, payable by June 30, 2025. To secure this payment, Element79 pledges 1,750,000 shares of Sun Silver Limited. These shares, though restricted from trading until May 2025, serve as collateral with no impact from share value fluctuations. The original agreement remains effective except for these amendments.

Additionally, Condor has canceled its planned non-brokered private placement. Management cites forthcoming opportunities, such as the anticipated receipt of the DIA at Pucamayo South East, for alternative, potentially less-dilutive capital raising in the near future.