TORONTO, ONTARIO--(MARKET WIRE)--Nov 5, 2008 -- EM Resources Inc. ("EM") is pleased to announce that Condor Petroleum Inc. ("Condor") has completed a non-brokered private placement of 298,078 common shares at a price of $1.25 per share.

The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of the common shares of the corporation to be formed ("Amalco") upon the amalgamation (the "Amalgamation") of Condor with EM, subject to the requirements of the TSX being satisfied. As disclosed in the joint management proxy and information circular of Condor and EM dated August 11, 2008, the TSX agreed to accept, as the requisite shareholder approval for the private placement, the written consent of Condor's largest shareholder, EurAsia Resource Holdings AG, which holds approximately 69% of the current outstanding common shares of Condor and would hold, if the Amalgamation were completed today, approximately 69% of the outstanding common shares of Amalco. EurAsia Resource Holdings AG has consented to, and is not participating in, the private placement.

The proceeds of the private placement will be used for working capital purposes.

Further details relating to the amalgamation will be disclosed in future news releases.

No stock exchange, securities commission or other regulatory authority has reviewed or approved the contents of this news release.

     Contacts:
     EM Resources Inc.
     Dennis H. Peterson
     Director
     (416) 777-6772
     Email: dhp@petelaw.com
      
     Condor Petroleum Inc.
     Sandy Quilty
     Chief Financial Officer
     (403) 201-9694
     Email: SQuilty@condorpetroleum.com