EL CONDOR PROVIDES UPDATE ON ANCHACA WORK PROGRAM and ACQUIRES ARIZONA AU-AG
PROPERTY OPTION

TSXV Symbol: LCO

VANCOUVER, Sept. 9 /CNW/ - El Condor Minerals Inc ("LCO" or the "Company") is pleased to provide an update on its exploration program on the Anchaca Au-Ag-Cu property in southern Peru, where drilling and trenching has now been completed. The Company is also pleased to announce the acquisition of an option on an Arizona Au-Ag property.

Anchaca Update

The Company has completed trenching and over 1,800 meters of drilling on its Anchaca gold-silver-copper project in southern Peru. Surface trenching proved to be more effective than originally anticipated, and drill holes were generally much longer (deeper) than originally planned. All three drill holes in the Condor zone AN-005, -007 and -008 were completed at lengths of 281, 337 and 269 meters respectively. Each hole intersected long intervals of silicified and brecciated intrusive rock with visible sulfide mineralization including more intense structural zones. Some delays in processing drill samples were initially encountered due to generator problems at elevation, however this was remedied by relocating the sample processing facility to a lower elevation with a more stable power supply. Assay results for all holes are just now being received, with a complete set of results expected by mid-month.

"Proof of our exploration success now rests in the hands of the assayers. The team did an incredible job completing our exploration program on time and on budget given the extremes of elevation and the tight deadline with the underlying property deal requiring execution of our drilling and trenching program in the middle of the Andean winter," comments Leigh Freeman, El Condor CEO.

Don Baker, the Gustavson & Associates independent geologist engaged to report on the Anchaca property, completed his field visit last week. Gustavson & Associates have been retained to update the NI 43-101 compliant report in September in support of an anticipated financing to exercise the Anchaca option and to fund the next phase of exploration work at Anchaca.

Arizona Au-Ag Property Option

The Company has entered into a 90-day option to acquire the Millennium gold-silver project located in southwestern Arizona. The project encompasses more than five square miles of mineral rights held by state lease and federal mining claims. The option is secured by a $15,000 cash payment and is subject to regulatory approval supported by a pending NI 43-101 property report.

"Millennium is an ideal second property for El Condor. It is a large, under-explored rhyolite dome complex located in the general vicinity of the Oatman mining district with over 2 million ounces of bonanza-grade gold and Viceroy Gold Corp.'s Castle Mountain open pit gold mine with historic production of 1.1 million ounces of gold. Exploration to date at Millennium has focused on windows of alteration and mineralization visible through a dissected fan of alluvial gravels. In one of these windows, work by Wesley Mines in 1997 (merged with Moydow Mines International) reported continuous panel samples in an east-west direction totaling 158.5 meters in length and averaging 0.97 gpt Au and 5.7 gpt Ag. An intersecting north-south panel reported an interval totaling 140.2 meters in length averaging 1.12 gpt Au and 5.7 gpt Ag. Five of eight drill holes within this window report gold mineralization, including 33 meters averaging 0.6 gpt Au" according to Leigh Freeman, CEO.

This news release has been reviewed by Leonard J. Karr, a Qualified Person under NI 43-101 criteria.

About El Condor Minerals Inc.

El Condor Minerals Inc. is a minerals exploration company focused on the discovery of large precious- and base-metal mineral systems in stable political jurisdictions. The Company's first project is Anchaca, a 2,200 hectare gold-copper property in southern Peru. For additional information please visit the Company's website at www.elcondorminerals.com.

    
    ON BEHALF OF THE BOARD OF DIRECTORS

    "Leigh W. Freeman"

    President & CEO
    

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: D. Barry Lee, CFO & Director, [phone], [email protected]