EL CONDOR ANNOUNCES PRIVATE PLACEMENT & INVESTOR RELATIONS APPOINTMENT

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/

TSX-V Symbol:  LCO

VANCOUVER, May 20, 2011 /CNW/ - El Condor Minerals Inc ("El Condor" or the "Company") is pleased to announce that it has arranged a non-brokered private placement in the capital of the Company (the "Offering") for aggregate gross proceeds of up to $1,000,000.

The Offering is comprised of up to 6,666,667 units (the "Units") at a price of $0.15 per Unit, each Unit consisting of one common share of the Company and one half of one common share purchase warrant (a "Warrant"), each whole Warrant entitling the holder to purchase one additional common share of the Company at a price of $0.25 for a period of one year from the closing of the Offering.  The Company may pay finders' fees on all or part of the Offering within the policies of the TSX Venture Exchange.  Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.  All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The proceeds from the Offering will be used for due diligence, general working capital and corporate purposes.

Investor Relations Appointment

The Company is also pleased to announce that it has engaged Caliber Capital Partners Inc. as its investor relations service provider.  Caliber will be responsible for daily interaction with investors and shareholders, marketing the Company to both retail and institutional investors, as well as making introductions to industry analysts and the media.  The Company has entered into an investor relations agreement with Caliber for a term of one year, paying a fee of $2,000 per month, plus a grant of 200,000 incentive stock options.  The agreement is subject to the approval of the TSX Venture Exchange.

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.  Additional information on El Condor, its properties and exploration activities is available at the Company's website: www.elcondorminerals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Leigh W. Freeman"

President & CEO

This news release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

SOURCE El Condor Minerals Inc.

For further information:

please contact the Company at (604) 689-8336 or info@elcondorminerals.com.

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El Condor Minerals Inc.

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