Condor Pronounces 2025 Third Quarter Outcomes

Condor Energies Inc. (“Condor” or the “Firm”) (TSX:CDR,OTC:CNPRF), a Canadian based mostly, internationally centered power transition firm centered on Central Asia is happy to announce the discharge of its unaudited interim condensed consolidated monetary statements for the three and 9 months ended September 30, 2025 (the “Monetary Statements”), along with the associated administration’s dialogue and evaluation. These paperwork shall be made out there underneath Condor’s profile on SEDAR+ at www.sedarplus.ca and on the Condor web site at www.condorenergies.ca . Readers are invited to evaluate the newest company presentation out there on the Condor web site. All monetary quantities on this information launch are introduced in Canadian {dollars}, until in any other case acknowledged.

HIGHLIGHTS

• Manufacturing in Uzbekistan for the third quarter of 2025 averaged 9,978 boe/d comprised of 9,778 boe/d (58,668 Mcf/d) of pure gasoline and 200 bopd of condensate.
• Uzbekistan pure gasoline and condensate gross sales for the third quarter of 2025 was $18.74 million.
• Drilling of Uzbekistan’s first horizontal effectively continues and the deliberate 1000-meter lateral part is at present underway with quite a few mud gasoline reveals being encountered.
• A discipline optimization examine and engineering design for the primary part of discipline compression has been accomplished, and the procurement course of has commenced. Putting in compression will enhance gasoline manufacturing charges and recoverable volumes by lowering effectively again strain.
• On August 12, 2025, the Firm executed a USD $5.0 million-dollar bridge mortgage facility (the “Bridge Mortgage”) for the First LNG Facility which is scheduled to provide Kazakhstan’s first LNG within the third quarter of 2026.

MESSAGE FROM CONDOR’S CEO

Don Streu, President and CEO of Condor commented: “Condor is in an envious place given its various portfolio of energy-transition initiatives in Central Asia, a area that’s drawing elevated focus and overseas direct funding for its power and important minerals sectors. Our workforce has many years of expertise working in distant areas and has efficiently launched trendy working strategies and applied sciences, whereas sustaining a deep understanding of worth realization in these environments.

The Firm is at present drilling Uzbekistan’s longest horizontal effectively and is utilizing Western instruments and strategies by no means earlier than deployed there. Our multi-well drilling marketing campaign is meant to materially enhance each gasoline manufacturing charges and related money flows, and Condor’s lately reprocessed 3-D seismic information set has generated an in depth stock of undrilled buildings, with quite a few infill and undrained attic closure places recognized. Accordingly, we’re actively pursuing a second drilling rig to speed up our deliberate 12-well drilling program in 2026.

We proceed to make sturdy progress in our efforts to ship Central Asia’s first LNG manufacturing, and we’re on observe to begin manufacturing within the third quarter of 2026. The three LNG feedgas allocations awarded to Condor to-date whole greater than 625 million cubic meters of pure gasoline per yr and the allocations are strategically situated to provide LNG gas to a number of shoppers in numerous areas of the nation. The Authorities of Kazakhstan helps Condor’s LNG initiative, since it’s going to present the nation with larger power safety whereas helping in reaching greenhouse gasoline discount targets.

The Firm can be conducting an aeromagnetic survey at certainly one of our vital minerals licenses to assist additional outline mineral deposits and structural developments which can enable us to raised perceive the potential for each copper and lithium improvement. There was a dramatic enhance within the variety of mining licenses awarded within the areas adjoining to the Firm’s license areas and lively copper exploration actions are underway by main mining corporations. Given the closely faulted methods we have mapped on this geothermally lively area, it seems that mineralized brines have migrated into the basin’s reservoirs, as is obvious by the lithium concentrations on Condor’s blocks, as beforehand reported by the Ministry of Geology of the Republic of Kazakhstan.

Condor stays dedicated to advancing its various portfolio of belongings for the advantage of our shareholders, stakeholders and host governments whereas persevering with to place the Firm as a number one power transition developer in Central Asia”.

Manufacturing in Uzbekistan

The Firm operates underneath a manufacturing enhancement providers contract with JSC Uzbekneftegaz (“UNG”) in Uzbekistan to extend the manufacturing, restoration, and general system effectivity from an built-in cluster of eight standard pure gas-condensate fields (the “PEC Challenge”). Manufacturing within the third quarter of 2025 averaged 9,978 boe/d comprised of 9,778 boe/d (58,668 Mcf/d) of pure gasoline and 200 bopd of condensate.

Whole manufacturing in Uzbekistan for the third quarter of 2025 decreased 1.7% in comparison with the second quarter of 2025 due primarily to pure reservoir decline however offset by the elevated manufacturing from the varied workovers carried out throughout the third quarter of 2025 consisting of recompletions, tubing modifications, and synthetic carry installations. One of many recompletions within the third quarter of 2025 concerned perforating a brand new zone of curiosity and resulted in an incremental common every day manufacturing charge of two.2 MMscf/d.

On September 8, 2025 the Firm commenced drilling its first effectively in Uzbekistan (the “First Properly”). A pilot vertical gap was drilled to a complete depth of two,805 meters that penetrated the at present producing carbonate reservoir sections in addition to deeper, under-exploited stacked clastic reservoir sections. After coring and intensive wireline logging operations, petrophysical evaluation signifies 37.6 meters of non-contiguous internet gasoline pay was recognized consisting of 28.5 meters in carbonate reservoirs and 9.1 meters in deeper clastic reservoirs. Following logging, the pilot gap was open-hole sidetracked to drill a horizontal leg right into a identified carbonate reservoir. Drilling of the 1000-meter lateral part is ongoing with quite a few mud gasoline reveals being recorded. Relying on drilling situations, the lateral part could also be prolonged. As soon as reaching whole depth, the lateral part shall be stream examined and shut in for construct up strain analysis whereas the rig strikes to the following drill location (the “Second Properly”). The First Properly is anticipated to be tied into the Firm’s manufacturing system in December 2025.

The Second Properly shall be drilled from the identical pad location and goal a shallower carbonate reservoir recognized within the lately drilled pilot gap of the First Properly. The Second Properly will make the most of a simplified casing design to leverage drilling learnings from the earlier two penetrations to scale back drilling time and prices and is deliberate to be a geo-steered, 1,000-meter open gap horizontal effectively and goals to additional de-risk the stacked carbonate reservoirs current throughout the Firm’s licenses.

The Firm can be within the strategy of contracting a second drilling rig to concurrently drill at a close-by under-developed gasoline discipline situated within the southern area of the Firm’s licenses in Uzbekistan. This discipline is at present producing from a single downdip gasoline effectively the place Condor lately perforated an eight-meter thick carbonate interval which elevated the effectively’s common every day manufacturing from 1.1 MMscf/day to 7.5 MMscf/day for the primary thirty days and has produced a median of 6.0 MMscf/day for the previous six months. This recompletion has additionally de-risked the big undeveloped, up-dip structural closure that was recognized on the Firm’s lately reprocessed and interpreted 3-D seismic information. With the second drilling rig, Condor plans to drill an preliminary vertical effectively by means of the highest of the construction to substantiate present mapping, accumulate trendy wireline and core information, and supply check charges. This shall be adopted by a pad-style horizontal improvement drilling program concentrating on three reservoirs with as much as six horizontal wells. A second pad location can be envisioned to develop this construction because it represents materials undeveloped volumes. As much as twelve wells in whole are deliberate to be drilled in 2026 with the 2 rigs to speed up gasoline manufacturing volumes.

Set up of discipline compression stays a high precedence for the Firm in 2026. Engineering design for the primary part of discipline compression (“Part 1”) has been accomplished, and the procurement course of has commenced. Part 1 compression will enhance gasoline manufacturing by lowering the effectively’s again strain and mitigate the detrimental affect of fluctuating and rising gasoline gross sales line strain. Simulation work carried out by an impartial third-party engineering firm signifies compression will yield over 20 MMscf/day of incremental gasoline manufacturing with the discount of effectively again strain and misplaced manufacturing attributable to rising gasoline gross sales line strain. The sphere compression facility is scheduled to be commissioned within the fourth quarter of 2026. Precise outcomes could differ as described under within the Enterprise Dangers and Ahead-Wanting Statements sections.

LNG in Kazakhstan

The Firm is at present developing its first LNG facility for its Saryozek plant web site (the “Saryozek Web site”) to provide, distribute, and promote LNG to offset industrial diesel utilization in Kazakhstan and is scheduled to be the primary LNG facility working in Kazakhstan (the “First LNG Facility”). LNG gas functions within the nation embody rail locomotives, long-haul truck fleets, marine vessels, mining gear, municipal bus fleets, heavy gear and equipment with high-horsepower engines, all of that are being efficiently utilized in different international locations.

The First LNG Facility is anticipated to have an preliminary manufacturing capability of 48,000 gallons (80 MT) of LNG per day and because of the modular design, two extra 48,000 gallon per day growth amenities are deliberate for the Saryozek Web site which might absolutely make the most of one of many three pure gasoline allocations awarded to the Firm. In Might 2025, the Firm bought the primary gear for the First LNG Facility and building is over ninety % full. Upon completion, the gear shall be shipped to Kazakhstan for meeting and commissioning on the Saryozek Web site with LNG manufacturing anticipated within the third quarter of 2026. The Firm secured the land for the Saryozek Web site till July 2059 underneath an settlement which requires an LNG facility to be constructed by August 2030. The Firm can be finalizing LNG off-taker agreements and advancing a number of third-party financing options.

As of September 30, 2025, the Firm has incurred CAD $5.24 million of prices for the First LNG Facility together with $4.58 million of property, plant and gear and $0.66 million for the third pure gasoline allocation. The estimated extra prices to finish the First LNG Facility building and commissioning is USD $23.6 million (CAD $32.9 million) together with numerous ancillary gear, feed gasoline hookup and piping, energy era, electrical infrastructure, and distribution gear together with storage tanks, LNG loading amenities and rolling inventory.

Condor’s LNG amenities shall be instrumental to supplying a secure, financial and extra environmentally pleasant gas supply for the Transcaspian Worldwide Transport Route (“TITR”) growth, which is at present the shortest, quickest and most geopolitically safe transit hall for transferring freight between Asia and Europe. The Authorities of Kazakhstan and Kazakhstan’s nationwide railroad are making vital investments in TITR infrastructure, together with increasing the rail community, developing a brand new dry port on the Kazakhstan – China border, and rising the container-handling capacities at numerous Caspian Sea ports.

Condor has obtained three pure gasoline allocations for 3 completely different places inside Kazakhstan, and the Firm plans to assemble modular LNG amenities in any respect three places. Primarily based on the pure gasoline allocations of 21,798 m3/hour, 29,110 m3/hour and 20,500 m3/hour, the entire potential LNG gas produced would have an energy-equivalent quantity of 1.5 million litres of diesel every day, whereas additionally lowering CO ₂ emissions by 390,000 MT per yr, which is equal to eradicating 85,000 automobiles from the street yearly. See “Ahead Wanting Statements” on this information launch for additional dialogue on the dangers and uncertainties associated to the pure gasoline allocations and the Firm’s LNG initiatives.

USD $5.0 Million Bridge Mortgage Financing

On August 12, 2025, the Firm, by means of a subsidiary, entered right into a USD denominated $5.0 million Bridge Mortgage for the First LNG Facility which is on schedule to provide Kazakhstan’s first LNG within the third quarter of 2026. The Bridge Mortgage was offered by EurAsia Useful resource Worth SE, an present vital shareholder of the Firm, and gives funding to proceed buying lengthy lead gear for the First LNG Facility whereas third social gathering undertaking financing is being finalized. The Bridge Mortgage is unsecured, bears curiosity at 9.0% each year, has no mortgage covenants, requires no compensation of principal or accrued curiosity till maturity, permits early compensation with no penalties or limitations, and matures on the sooner of March 30, 2026 and ten enterprise days following the receipt of third-party undertaking financing for the First LNG Facility. The Bridge Mortgage’s use of proceeds is for capital expenditures and basic and administrative prices associated to the development and implementation of the First LNG Facility.

Important Minerals Licenses in Kazakhstan

The Firm holds a 100% working curiosity in two contiguous vital minerals mining licenses which offer subsurface exploration rights for stable minerals, together with lithium and copper, for respective six-year phrases. The 37,300-hectare Sayakbay license was awarded in July 2023 and the close by 6,800-hectare Kolkuduk license was awarded in February 2025.

A previous effectively drilled within the Kolkuduk license territory for hydrocarbon exploration encountered and examined brine deposits with lithium concentrations of as much as 130 milligrams per litre as reported by the Ministry of Geology of the Republic of Kazakhstan. A 1,000-meter column of examined and untested brine reservoir has been recognized from historic wireline log and core information. At Sayakbay, a previous legacy effectively drilled for hydrocarbon exploration encountered and examined brine deposits with lithium concentrations of 67 milligrams per litre in Carboniferous-aged intervals as reported by the Ministry of Geology of the Republic of Kazakhstan. A 670-meter column of examined and untested brine reservoir has been recognized from historic wireline log and core information. Different vital minerals recognized on the Kolkuduk and Sayakbay licenses embody rubidium, strontium and cesium.

The Firm isn’t treating these historic estimates as present mineral assets or mineral reserves as extra drilling and testing is critical, and a professional individual has not executed ample work to categorise the historic estimates as present mineral assets or mineral reserves. It’s unsure if additional drilling will lead to both space being delineated as a mineral useful resource or reserve. The historic lithium focus estimates shouldn’t be relied upon as indicative of the particular lithium focus or the chance that the Firm will be capable of obtain related manufacturing outcomes.

The preliminary improvement plan for Sayakbay consists of drilling and testing two wells to confirm deliverability charges, confirming the lateral extension and concentrations of lithium within the examined and untested intervals, conducting preliminary engineering for the manufacturing amenities, and making ready a mineral useful resource or mineral reserves report compliant with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives . Drilling at Sayakbay isn’t anticipated to begin till 2027 and the estimated prices for the preliminary improvement plan are USD $6.7 million (CAD $9.1 million). The preliminary improvement plan for the Kolkuduk license acquired in February 2025 has not but been decided.

RESULTS OF OPERATIONS

^{* Manufacturing commenced on March 1, 2024. Manufacturing volumes and every day calculations acknowledged in Mcf/d, boe/d and bopd for year-to-date 2024 are for seven months (214 days).}

Non-Controlling Curiosity in PEC Challenge

The Firm acknowledges 100% of the manufacturing volumes, gross sales volumes, gross sales revenues, royalties and bills associated to the PEC Challenge in Uzbekistan after which allocates 49% of the excellent earnings (loss) attributable to the non-controlling curiosity holder. That is per the accounting and disclosure within the Monetary Statements. Accordingly, the manufacturing volumes, gross sales volumes, gross sales revenues, royalties, bills and netbacks disclosed on this information launch associated to the PEC Challenge are 100% of the quantities attributable to the PEC Challenge, of which 51% are attributable to the Firm.

Working Netback for Uzbekistan

^{1   Working netback is a non-GAAP measure and is a time period with no standardized that means as prescribed by GAAP and should
not be comparable with related measures introduced by different issuers. See “Non-GAAP Monetary Measures” on this information launch. The calculation of working netback is aligned with the definition discovered within the Canadian Oil and Fuel Analysis Handbook.
2   Reconciliation to the respective Monetary Assertion quantity for every netback element for the Uzbekistan phase.
3   Manufacturing commenced on March 1, 2024. Manufacturing volumes, gross sales and bills for year-to-date 2024 are for seven months (214 days).}

NON-GAAP FINANCIAL MEASURES

The Firm refers to “working netback” on this information launch, a time period with no standardized that means as prescribed by GAAP and which might not be comparable with related measures introduced by different issuers. This extra data shouldn’t be thought of in isolation or as an alternative to measures ready in accordance with GAAP. Working netback is calculated as gross sales much less royalties, manufacturing prices and transportation and promoting prices on a greenback foundation and divided by the gross sales quantity for the interval on a per Mcf foundation for pure gasoline and per boe foundation for condensate. This non-GAAP measure is usually used within the oil and gasoline business to help in measuring working efficiency towards prior intervals on a comparable foundation and has been introduced to offer a further measure to investigate the Firm’s gross sales on a per unit foundation and the Firm’s skill to generate funds.

BARRELS OF OIL EQUIVALENT ADVISORY

References herein to barrels of oil equal (“boe”) are derived by changing gasoline to grease within the ratio of six thousand customary cubic toes (“Mcf”) of gasoline to 1 barrel of oil based mostly on an power conversion technique primarily relevant on the burner tip and doesn’t signify a worth equivalency on the wellhead. Given the worth ratio based mostly on the present value of crude oil as in comparison with pure gasoline is considerably completely different from the power equivalency of 6 Mcf to 1 barrel, using a conversion ratio at 6 Mcf to 1 barrel could also be deceptive as a sign of worth, notably if utilized in isolation.

FORWARD-LOOKING STATEMENTS

Sure statements on this information launch represent forward-looking data underneath relevant securities laws. Such statements are typically identifiable by the terminology used, comparable to “anticipate”, “plan”, “estimate”, “could”, “will”, “ought to”, “may”, “would”, “ongoing”, “search”, “future”, “forecast”, “proceed”, “succesful”, “schedule”, “put together” or different related wording. Ahead-looking data on this information launch consists of, however isn’t restricted to, data regarding: the timing and talent of the Firm to execute development and sustainability methods together with the financing for these actions; the timing and talent to considerably full the minimal improvement work plan underneath the PEC Challenge; the timing and talent to take care of compliance with contractual provisions that enable for termination of the PEC Challenge by means of monitoring and inside controls designed to forestall any breach; the initiation of a multi-well drilling program underneath the PEC Challenge; the timing and talent to design and set up discipline compression; the timing and talent to penetrate and consider the carbonate reservoir sections and the deeper stacked clastic reservoirs; the timing and talent for the stacked clastic reservoirs to carry upside potential within the area; the lateral drilling of the primary horizontal effectively in Uzbekistan; the timing and talent for the info from drilled wells to optimize the following horizontal effectively goal intervals; the timing and talent to finish and tie within the First Properly; the estimate of non-contiguous internet gasoline pay from coring and wireline logging operations within the First Properly; the timing and talent to drill the Second Properly; the timing and talent so as to add a second drilling rig and to drill extra wells; the timing and talent to drill as much as twelve new wells in 2026; the timing and talent to conduct detailed engineering for discipline compression; the timing and talent of the sector compression to extend manufacturing; the accuracy of the inner calculations to foretell manufacturing will increase attributable to discipline compression and precise outcomes could differ considerably; the timing and talent to fee a discipline compression facility within the fourth quarter of 2026; the timing and talent to obtain and make the most of the pure gasoline allocations as feed gasoline for the deliberate modular LNG manufacturing amenities; the Firm’s expectations in respect of the longer term makes use of of LNG; the timing and talent to amass, transport and assemble modular LNG manufacturing amenities; the timing and talent to assemble the First Facility by August 2030; the timing and talent to acquire funding for the development of modular LNG manufacturing amenities; the flexibility to provide and ship LNG to displace diesel gas utilization in Central Asia; the estimated proportion of completion of the First LNG Facility; the timing and talent to fee the First LNG Facility throughout the third quarter of 2026; the estimated prices to finish the First LNG Facility building and commissioning; the timing and talent to liquefy pure gasoline to provide LNG; the timing and talent to substantiate LNG quantity commitments with potential end-users; the timing and talent of the First LNG Facility to provide 48,000 gallons of LNG per day; the timing and talent of the Firm to assemble two extra modular LNG amenities able to producing 48,000 gallons of LNG per day on the First LNG Facility web site; the timing and talent to finalize LNG off-taker agreements for the First LNG Facility; the timing and talent to finish fabrication works with respect to the First Facility; the timing and talent of the LNG initiative to offer Kazakhstan with larger power safety and obtain greenhouse gasoline discount targets; the timing and talent to buy and obtain lengthy lead gear; the potential for the Sayakbay and Kolkuduk license to include business deposits; the timing and talent of the Firm to fund, allow and full deliberate actions at Sayakbay together with drilling two wells and conducting preliminary engineering for the manufacturing amenities; the timing and estimated prices of the preliminary improvement plan for Sayakbay; the timing and talent of the third pure gasoline allocation for use for LNG manufacturing; the timing and talent to optimize the deliberate technique for direct lithium extraction; the timing and talent of the Firm to generate a report in compliance with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives; the timing and talent to begin exploration mining actions to judge the potential for business lithium brine deposits; the accuracy of the projections and timing with respect to pure gasoline and condensate manufacturing; anticipated markets, costs and prices for future pure gasoline and condensate gross sales; the timing and talent of the Firm to acquire numerous approvals and conduct its deliberate exploration and improvement actions; the timing and talent to entry pure gasoline pipelines; the timing and talent to entry home and export gross sales markets; the accuracy of the anticipated capital expenditures; forecasted capital and working budgets and cashflows; anticipated working capital; sources and availability of financing for potential budgeting shortfalls; the timing and talent to acquire future funding on beneficial phrases, if in any respect; the potential for added contractual work commitments to be vital; the flexibility to fulfill and fund the contractual work commitments; projections regarding the adequacy of the Firm’s provision for taxes; the anticipated reporting impacts of adopting amendments to IFRS accounting insurance policies; and remedy underneath governmental regulatory regimes and tax legal guidelines.

This information launch additionally consists of forward-looking data concerning well being threat administration together with, however not restricted to: journey restrictions together with shelter in place orders, curfews and lockdowns which can affect the timing and talent of Firm personnel, suppliers and contractors to journey internationally, journey domestically and to entry or ship providers, items and gear to the fields of operation; the danger of shutting in or lowering manufacturing attributable to journey restrictions, Authorities orders, crew sickness, and the provision of products, works and important providers for the fields of operations; decreases within the demand for oil and gasoline; decreases within the costs of pure gasoline, condensate and crude oil; potential for gasoline pipeline or gross sales market interruptions; the danger of modifications to overseas foreign money controls, availability of foreign exchange, availability of arduous foreign money, and foreign money controls or banking restrictions which limit or forestall the repatriation of funds from or to overseas jurisdiction wherein the Firm operates; the Firm’s monetary situation, outcomes of operations and money flows; entry to capital and borrowings to fund operations and new enterprise tasks on phrases acceptable to the Firm; the timing and talent to fulfill monetary and different reporting deadlines; and the inherent elevated threat of data expertise failures and cyber-attacks.

By its very nature, such forward-looking data requires Condor to make assumptions that won’t materialize or that might not be correct together with, however not restricted to, the assumptions that: the Firm will be capable of safe essential drilling rigs, help providers, and off-taker agreements in a well timed method; the engineering design and last funding selections for added LNG amenities will proceed as deliberate; the Firm will full building of its LNG amenities and that the LNG feed gasoline for such amenities shall be equipped; the Authorities of Kazakhstan will proceed to spend money on infrastructure supporting the TITR growth; the Firm’s extra drilling and testing shall be profitable in verifying deliverability charges and confirming mineral concentrations; the Firm will be capable of fund its initiatives by means of a mix of money available, elevated cashflows, debt or fairness financing, asset gross sales, or different preparations; the Firm will be capable of handle liquidity and capital expenditures by means of budgeting and authorizations for expenditures; the Firm will be capable of handle well being, security, and operational dangers by means of present precautions and tips; the Firm will be capable of adapt to altering commerce insurance policies, tariffs, and restrictions; and the Firm will be capable of handle the affect of geopolitical instability and sanctions. Ahead-looking data is topic to each identified and unknown dangers and uncertainties and different elements, which can trigger precise outcomes, ranges of exercise and achievements to vary materially from these expressed or implied by such data. Such dangers and uncertainties embody, however will not be restricted to: regulatory modifications together with modifications to environmental rules; the timing of regulatory approvals; the danger that precise minimal work packages will exceed the initially estimated quantities; the outcomes of exploration and improvement drilling and associated actions; the danger that prior lithium testing outcomes might not be indicative of future testing outcomes or precise outcomes; the danger of imprecision of reserves estimates and supreme restoration of reserves; the danger that historic manufacturing and testing charges might not be indicative of future manufacturing charges, capabilities or final restoration; the danger that the historic composition and high quality of oil and gasoline doesn’t precisely predict its future composition and high quality; basic financial, market and enterprise situations; dangers regarding the uncertainty associated to advertising and transportation; aggressive motion by different corporations; fluctuations in oil and pure gasoline costs; the results of climate and local weather situations; fluctuation in rates of interest and overseas foreign money change charges; the flexibility of suppliers to fulfill commitments; actions by governmental authorities, together with will increase in taxes, tariffs, levies and charges; selections or approvals of administrative tribunals and the chance that authorities insurance policies or legal guidelines could change or the chance that authorities approvals could also be delayed or withheld; dangers related to oil and gasoline operations, each home and worldwide; and different elements, lots of that are past the management of Condor.

These threat elements are mentioned in larger element in filings made by Condor with Canadian securities regulatory authorities together with the Firm’s most up-to-date Annual Data Type, which can be accessed by means of the SEDAR+ web site (www.sedarplus.ca).

Readers are cautioned that the foregoing record of things affecting forward-looking data isn’t exhaustive. The forward-looking data contained on this information launch are made as of the date of this information launch and, besides as required by relevant legislation, Condor doesn’t undertake any obligation to replace publicly or to revise any of the included forward-looking data, whether or not because of new data, future occasions or in any other case. The forward-looking data contained on this information launch is expressly certified by this cautionary assertion.

ABBREVIATIONS

The next is a abstract of abbreviations used on this information launch:

The TSX doesn’t settle for accountability for the adequacy or accuracy of this information launch.

For additional data, please contact Don Streu, President and CEO or Sandy Quilty, Vice President of Finance and CFO at 403-201-9694.