Condor Gold plc ('Condor', 'Condor Gold' or 'the Company') Appointment of General Manager Mina La India

LONDON, October 23, 2017

Condor Gold (AIM: CNR) is pleased to announce the appointment of Mr Aiser Sarria as General Manager Mina La India, Nicaragua. Mr Aiser Sarria is a Civil Engineer and Nicaraguan national with 16 years' experience specialising in mining projects. Mr Sarria joins Condor Gold from B2Gold where he was the Projects and Mines Superintendent at the El Limon Gold Mine, one of the largest operating gold mines in Nicaragua.

Mark Child, Chairman and CEO comments:

"I am delighted that Mr Aiser Sarria has joined Condor Gold as General Manager, Mina La India. Mr Sarria joins Condor from B2Gold where he was Projects and Mine Superintendent at the El Limon Mine, which is only 35 miles away from the La India Project. He has the relevant experience of open pit and underground mining to progress Mina La India through permitting, additional technical studies and construction.

Over the past 18 months we have been in constructive talks with national government and, with their blessing, we are now entering direct conversation with the local community. Mr Sarria's appointment, with his recent experience of working in a nearby operating gold mine, will strengthen the leadership team on site and help with community relations and stakeholder engagement, as we enter the final phase of our permitting process to construct a 2,800tpd processing plant with a capacity to produce 100,000 oz gold p.a. from a single open pit."

Background 

During his six years at B2Gold, Mr Sarria was the manager of seven open pit operations, involved in underground mine operations, the construction of two stages of Tailings Storage Facilities and was Pavon´s Mining Project Manager. From 2002 to 2011 he worked with AGRENIC, CEMEX Nicaragua and CEMEX El Salvador where he was responsible for many civil work projects, including 11 industrial plants producing construction materials and the extraction operations for five quarries.