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Condor Gold plc: Condor Gold Commences Drilling on Cacao Vein to Demonstrate the Potential Upside of La India Project, Nicaragua CCRD004 CCRD006 132.90 CCRD014 144.18 & 0.5 m @ 12.6 g/t Au 167.30 CCDC025 Figure 2: Geological map with the inferred Cacao-Santa Barbara Vein. Mineral Resource Estimation Resource modelling suggests that Cacao is amenable to open pit and underground mining, despite the lower grades encountered at surface. A mineral resource estimate is shown in Table 2. Table 2: th January 2019; SRK Consulting (UK) Ltd). Vein name 46 (1) The methods applied to conducting the geological modelling and estimation have not changed from those described in the Technical Report. The Cacao pits are amenable to open pit mining and the Mineral Resource Estimates are constrained within Whittle optimised pits, which SRK based on the following parameters: A Gold price of USD1,500 per ounce of gold with no adjustments. Prices are based on experience gained from other SR

Rio viejoNicaragua generalLa indiaUnited statesUnited kingdomDel cacaoDepartamento de granadaWarren prattMark childNeil lincolnTim lucksBenjamin parsonsGeraldd crawfordEwan leggatSanta barbaraJames biddle