Goldflare Exploration inc. announces the first results of its second phase of drilling on the Syenite Condor property located 35 km north-east of the town of Rouyn-Noranda. Assay results from the first six holes totaling 997 meters have been received with best results of 0.97 g/t over 4.9 meters, followed by 0.7 g/t over 5.9 meters from hole CDR-22- 14. The new mineralized hole is located about 200 metres northwest from the initial Condor-1 discovery.

The six holes presented show strong gold alteration developed in hematized and fractured porphyritic syenite intrusions. This particular type of rock is closely related to the gold system. This is reflected by a gold signal varying between 0.01 and 0.1 g/t developed over drill lengths varying between 5 meters and 150 meters.

The company is pursuing the program with additional short holes planned to test some of the targets identified on the Clericy syenite intrusion over about four square kilometres. These targets, overburden covered, were defined using a combination soil geochemistry and IP ground survey supported by structural mapping. The drilling program initially aimed to test the lateral extension of the Condor-1 gold showing over a distance of approximately seven hundred meters (700m) using one hundred and fifty meter holes drilled at an average spacing of fifty (50m) meters.

Holes CDR-22-13 to CDR-22-15 are closely related to the location of the Condor-1 showing. They are distributed within 250 meters of the initial discovery, drilled following a staggered pattern. Holes CDR-22-17 and CDR-22-18 were drilled on a geophysical anomaly located about seven hundred (700m) meters from the first holes.

The mineralization identified is located on the eastern edge of the eastern Cléricy intrusion, hosted in a network of highly altered porphyritic syenite dykes that cuts the main intrusive mass. This favorable context can be traced over more than 2km by a strong magnetic contrast. The signature of the gold system identified so far in the continuity of the Condor-1 showing is approximately 200 meters.

Interpretation and modeling are ongoing to determine the best possible direction for gold enrichment.