Condor Resources Inc. is an exploration-stage company. The Company is engaged primarily in the business of evaluating, acquiring and developing natural resource properties in Chile and Peru. As of February 29, 2012, Condor had a portfolio of 15 precious and base metals projects in Peru and Chile. The Company�s mineral exploration projects in Peru include San Martin, Soledad, Pucamayo, Condor de Oro, Chavin, Quriurqu, La Libertad and Ocros. The Company�s mineral exploration projects in Chile include Corona, Cristal, Royal, Becker and Brahma-Austral. During the fiscal year ended February 29, 2012, the Company acquired, one concession in the Provinces of Aija and Huarmey. In August 2011, Silex Peru S. A terminated its option on the Chavin concessions, and the Company regained a 100% interest in the two concessions. In March 2011, four further concessions were acquired by staking in Pucamayo, Peru.