Mr. Tom Obradovich reports

CONQUEST RESOURCES INITIATES 2026 EXPLORATION PROGRAM AT THE VALIMAKI GOLD PROJECT, FINLAND

Conquest Resources Ltd. has initiated its 2026 exploration program at the Valimaki gold project in southwestern Finland. The program is designed to systematically advance the project through high-resolution geophysics, geological mapping, prospecting and glacial till sampling with the objective of refining exploration targets and advancing the project toward drill testing.

Program highlights:

• High-resolution unmanned aerial vehicle magnetic survey covering approximately 86 square kilometres;
• Geological mapping across prospective areas of the project;
• Prospecting and rock sampling across prioritized target areas;
• Regional and detailed glacial till sampling program.

The exploration program will begin with a high-resolution UAV magnetic survey designed to improve the understanding of the structures and lithological contacts of the project area. The survey will cover approximately 86 square kilometres.

Following completion of the airborne survey, the company plans to undertake geological mapping across a 15-kilometre trend defined by an extensive train of gold-rich boulders. Within the boulder train, historic sampling has produced greater than 150 boulders with assays greater than one gram per tonne gold, with assays as high as 60 g/t Au. Mapping will focus on defining lithological contacts, structural controls and alteration, which may be associated with gold mineralization. Additionally, drill core will be reviewed from the Finnish national drill core archive to gain a better understanding of the known mineralization within the Valimaki project area.

Prospecting and rock sampling will be conducted across prioritized target areas based on historic high-grade Au boulder samples, glacial till geochemistry anomalies and any additional prospective areas identified during the geologic mapping.

The exploration program will also include a regional glacial till sampling campaign with tighter sample spacing across areas associated with historic gold-rich boulder occurrences, previous drilling and till anomalies.

The UAV magnetic survey will take place during mid- to late March. Subsequent geological mapping, prospecting and glacial till sampling programs will be conducted during April and May, 2026.

Qualified person

The technical content of this news release has been reviewed and approved by Joerg Kleinboeck, PGeo, a qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Kleinboeck has verified the technical data disclosed in this release and consents to its publication.

About Conquest Resources Ltd.

Conquest Resources, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.

Conquest holds a 100-per-cent interest in the Belfast-Teck mag project, located in the Temagami mining camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (copper-nickel-platium group elements), volcanogenic massive sulphide, iron oxide copper/gold, iron formation hosted gold and paleo-placer Au.

The Belfast-Teck mag project is the company's flagship property, evolved from the Golden Rose project, which was initially acquired in December, 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast copper property and Teck mag property.

Conquest now controls over 300 square kilometres of underexplored territory in the Temagami mining camp, including the past-producing Golden Rose mine at Emerald Lake.

Conquest also holds a 100-per-cent interest in the Alexander gold property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake gold camp along the important mine trend regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.

In addition, the company holds interests in the Smith Lake gold property.

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