CONQUEST RESOURCES ANNOUNCES ENTERING INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE THE VALIMAKI GOLD PROJECT IN FINLAND

Conquest Resources Limited has entered into a definitive share purchase agreement to acquire 100% of the Valimaki Gold Project in Finland through the acquisition of Carrigel Ltd. The transaction, valued at 5 million common shares, $35,000 cash, and a 2% net smelter royalty, represents Conquest's expansion into the European gold exploration market. The company will issue an additional 5 million shares upon receiving drilling approval, bringing the total equity consideration to 10 million shares.

The Valimaki Project is strategically located in southwestern Finland within the established Svencofennian geologic domain, positioned between two major structural features that have historically controlled gold mineralization in the region. Historical exploration by Outukumpu Oy and the Geological Survey of Finland (GTK) has demonstrated significant gold potential, with approximately 2,800 meters of diamond drilling completed and notable intersections including 4.3 meters at 7.2 g/t gold and 7 meters at 3.9 g/t gold. The mineralization style is consistent with orogenic gold deposits, characterized by strong associations with arsenopyrite and quartz veining.

The acquisition enhances Conquest's portfolio beyond its flagship Belfast-TeckMag Project in Ontario and positions the company in Finland's favorable mining jurisdiction with year-round access and excellent infrastructure. Conquest plans immediate exploration activities in spring 2026, including geological mapping, prospecting, drone magnetics, and induced polarization surveys to define drill targets. This systematic approach builds upon decades of previous work and local prospector discoveries through GTK's Citizen's Sampling Program.

The transaction structure includes a purchase option allowing Conquest to reduce the NSR from 2% to 1% for $3 million, providing future flexibility for project economics. The acquisition is subject to TSX Venture Exchange approval and standard closing conditions, with all securities subject to a four-month hold period. This international expansion demonstrates Conquest's strategic evolution from a regional Ontario explorer to a multi-jurisdictional gold-focused company with diversified project risk.