CONQUEST RESOURCES AMENDS TERMS OF PRIVATE PLACEMENT FINANCINGS

Conquest Resources Limited has amended its previously announced private placement financing structure to encompass a comprehensive $750,000 funding package consisting of two distinct components. The revised financing includes a $450,000 non-brokered charity flow-through offering of up to 6 million shares priced at $0.075 per share, alongside a $300,000 hard-dollar private placement of up to 6 million common shares at $0.05 per share.

The flow-through proceeds are strategically earmarked for eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures under the Income Tax Act, specifically targeting advancement of the company's flagship Belfast-TeckMag Project in Ontario's Temagami Mining Camp. This tax-efficient structure provides additional value to Ontario-based individual investors through eligible exploration expenditure deductions under provincial taxation rules.

Conquest's Belfast-TeckMag Project represents a significant land consolidation spanning over 300 square kilometers of underexplored territory in the established Temagami Mining Camp. The property demonstrates potential across multiple deposit types including magmatic sulphide deposits containing copper, nickel, and platinum group elements, as well as volcanogenic massive sulphide, iron oxide copper-gold, and various gold mineralization styles. The company's strategic positioning includes control of the past-producing Golden Rose Mine at Emerald Lake.

The financing remains subject to standard regulatory approvals including TSX Venture Exchange acceptance, with securities subject to a standard four-month hold period. This funding structure positions Conquest to advance exploration activities on its diversified Ontario portfolio while maintaining operational flexibility through the hard-dollar component allocated for working capital and general corporate purposes.