Drilling Commences Golden Rose Project

TORONTO - Conquest Resources Limited reported that following completion and closing of the acquisition of Canadian Continental Exploration Corp, it has commenced drilling at its Golden Rose Project in the Temagami mining camp, approximately 65 kilometers northeast of Sudbury, Ontario. A 5000 meter diamond drill program is now underway at Conquest's Golden Rose Project located in the Temagami Greenstone Belt northeast of Sudbury, Ontario. The past producing Golden Rose Mine is considered by the Company to be under-explored and tested only at relatively shallow depths compared to modern Abitibi Greenstone gold mines. The known mineralization, which is gold in quartz carbonate veins hosted in iron formation, is open on strike and at depth.

Numerous anomalous gold in soils coincident with areas of magnetic destruction and cross cutting structures along several kilometers of iron formation will be tested in this Phase 1 drilling program. Soil sampling and geophysical surveys were performed on the property to assist in targeting the current drill program.

As the Phase 1 drilling progresses, targeting of different types of mineralization known to occur within the extensive land position now controlled by Conquest is underway. V-TEM airborne surveys are planned to cover areas with indications of Volcanogenic Massive Sulfide potential and Sudbury style high-grade Cu-Ni-PGE deposits similar to those mined by Teck at the Copperfields Mine on Temagami Island. Past drilling on the Temagami magnetic anomaly by Canadian Continental also indicates evidence for the potential of IOCG deposits in the area. Paleo-placer mineralization in Huronian units above the Archean rocks will also be sampled.