Mr. Tom Obradovich reports
CONQUEST RESOURCES ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING
Conquest Resources Ltd. has elected to adopt semi-annual financial reporting, relying on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
The company will file interim financial statements and related management's discussion and analysis on a semi-annual basis rather than quarterly.
The first interim period for which the company will rely on the blanket order is the three-month period ending March 31, 2026, for which the company will not file interim financial statements or MD&A (management's discussion and analysis). The first semi-annual reporting period will be the six-month period ending June 30, 2026. The company intends to continue filing on a semi-annual basis.
The company believes that adopting semi-annual reporting will reduce the administrative and financial burden associated with quarterly reporting and is consistent with the objective of the blanket order to provide reporting flexibility for venture issuers. The company expects that the reduced reporting requirements will allow management to devote additional time and financial resources toward advancing the company's exploration and development activities and other business objectives.
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 and Finland.
Conquest recently acquired the Valimaki gold project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary and intrusive rocks.
Conquest has completed a high-resolution drone magnetic survey on the Valimaki project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits.
Conquest holds a 100-per-cetn interest in the Belfast-Teck mag project, located in the Temagami mining camp at Emerald Lake, Ont., which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE (copper, nickel and platinum group element)), VMS (volcanogenic massive sulphide), IOCG (iron oxide, copper and gold), iron formation hosted Au (gold) and Paleo-placer Au (gold).
The Belfast-Teck mag project evolved from the Golden Rose project, which was initially acquired in December, 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. (CCEC) in 2020, and subsequent additional claim staking and purchases. 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 near Missinaibi, Ont., and the King Bay gold property at Sturgeon Lake in northwestern Ontario.
Conquest has 154,477,106 shares outstanding.
We seek Safe Harbor.
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