CONQUEST RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Conquest Resources Limited has announced its intention to conduct a non-brokered private placement financing for gross proceeds of up to $450,000. The financing will consist of up to 6,000,000 charity flow-through common shares priced at $0.075 per share, arranged through Peartree Securities Inc. The offering structure provides significant tax advantages for subscribers, particularly those in Ontario, as the expenditures will qualify as both flow-through critical mineral mining expenditures under federal tax law and eligible Ontario exploration expenditures under provincial legislation.

The proceeds from this financing will be specifically allocated to Canadian exploration expenses at Conquest's flagship Belfast-TeckMag Project, located in Ontario's Temagami Mining Camp at Emerald Lake. This 300-square-kilometer property represents exceptional exploration potential for magmatic sulphide deposits containing copper, nickel, and platinum group elements, as well as VMS, IOCG, iron formation-hosted gold, and paleo-placer gold deposits. The project has evolved significantly since the company's initial acquisition of the Golden Rose Project in 2017, with substantial expansion through the 2020 acquisition of Canadian Continental Exploration Corp and subsequent claim staking.

The timing of this financing aligns well with current market focus on critical minerals, as the flow-through structure specifically targets critical mineral mining expenditures. Conquest's strategic position in the Temagami Mining Camp, controlling substantial underexplored territory including the past-producing Golden Rose Mine, positions the company to capitalize on renewed interest in base metals and critical mineral exploration. The company also maintains a 100% interest in the Alexander Gold Property in the Red Lake Gold Camp, strategically located adjacent to Evolution Mining's landholdings along the important Mine Trend regional structure.

The financing remains subject to regulatory approvals, including TSX Venture Exchange acceptance, with the issued shares subject to a standard four-month-plus-one-day hold period. While completion cannot be assured, this financing represents Conquest's continued commitment to advancing exploration on its diversified portfolio of precious and base metal properties in premier Ontario mining districts.