Conquest Resources Options Golden Rose Project to Atha Energy Corp.

Conquest Resources Limited announced on July 19, 2022, that it has entered into an option agreement with Atha Energy Corp., granting Atha the right to acquire up to 100% undivided interest in the Golden Rose Property. The property consists of mineral leases located in Ontario's Sudbury Mining District, one of Canada's most prolific mining regions known for its nickel-copper-platinum group metal deposits.

The option arrangement represents a strategic partnership that allows Atha Energy to evaluate and potentially acquire full ownership of the Golden Rose Property. For Conquest Resources, this agreement provides an opportunity to monetize its asset while maintaining exposure to the property's potential through the option structure. The involvement of Atha Energy, which focuses on uranium and energy metals, suggests the Golden Rose Property may have strategic value beyond traditional base metals.

The Sudbury Mining District remains a highly attractive region for mineral exploration and development, given its established infrastructure, skilled workforce, and geological prospectivity. This transaction reflects ongoing consolidation and partnership activities in the Canadian mining sector, as companies seek to optimize their asset portfolios and focus on core competencies. The agreement structure allows both companies to benefit from the property's potential while managing risk and capital allocation effectively.