Conquest Resources Announces Entering into a Share Purchase Agreement to Acquire the Valimaki GOLD Project in Finland
CONQUEST RESOURCES ANNOUNCES ENTERING INTO A SHARE PURCHASE AGREEMENT TO
ACQUIRE THE VALIMAKI GOLD PROJECT IN FINLAND
February 18, 2026 – Toronto, Ontario | Conquest Resources Limited (“Conquest” or the “Company”)
(TSX-V: CQR) is pleased to announce that, further to its press release of December 3, 2025, it has
entered into an arm’s length share purchase agreement (the “Agreement”) dated February 17, 2026,
with Carrigel Ltd. (“ Carrigel”) and 1478078 B.C. Ltd. (the “Vendor”) to complete the acquisition
(the “Acquisition”) of 100% of the outstanding shares of Carrigel, a private company incorporated in
Ireland, which owns a 100% interest in the Valimaki Gold project located in Finland (the “Project”).
As consideration for the Acquisition, the Company has agreed to:
(a) issue an aggregate of 5,000,000 common shares in the capital of the Company
(the “Consideration Shares”) to the Vendor on the closing of the Acquisition (the “Closing
Date”);
(b) pay to the Vendor an aggregate of $35,000 on the Closing Date; and
(c) enter into a royalty agreement (the “ Royalty Agreement ”) dated February 17 , 2026, with
Carrigel and the Vendor to grant a 2% net smelter royalty on the Project to the Vendor (the
“Royalty”). Pursuant to the terms of the Royalty Agreement, Carrigel has the option to
purchase 1% of the Royalty (reducing the Royalty to 1%) for $3,000,000.
In addition, u pon receipt by the Company of the first approval, right or entitlement to commence
drilling at the Project, the Company will issue to the Vendor a further 5,000,000 Consideration
Shares.
All securities issued pursuant to the Acquisition will be subject to a hold period of four months plus
a day from the date of issuance and the resale rules of applicable securities legislation. The closing
of the Acquisition is subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
ABOUT THE PROJECT
The Project is located to the east of Pori, a regional industrial city, in southwestern Finland. The
Project area has excellent infrastructure and can be accessed year-round.
The Project is located within the Svencofennian geologic domain within supracrustal rocks that are
located between two major structural features; to the southwest, the Kynsikangas Shear Zone, and
to the northeast, the Kankaanpää Shear Zone. Both major structures trend NW-SE while stratigraphy
and fold axes between the structures trend northeast. Gold mineralization is hosted in
amphibolitegrade sedimentary, volcanic, and intrusive rocks, with a strong association with
arsenopyrite and quartz veining. Au is also associated with Sb -Te-Bi-W-Ag, which is typical of
orogenic gold deposits.
Gold was originally found in the 1950s by Outukumpu Oy who explored the area intermittently during
the 1950s and 1980s. Geologian Tutkimuskeskus (GTK) conducted multiple exploration programs
during the 1980s to 2010s which included till geochemistry, heavy mineral concentrates, magnetics,
and a total of ~2,800 meters of diamond drilling. Best intersects include 4.3 meters at 7.2 g/t (GTK
Report 75/2016 - Ore potential of the Kullaa zone, Saarijärvi and Kultakallio Au mineralizations) and
7 meters at 3.9 g/t Au (R309, GTK report M06/1143/2006/10/1 – Research Report on ore exploration
in the Municipality of Kullaa, In the Authority of Valimaki, Mining Register No. 7101/1).
Many of the auriferous boulders were discovered by local prospectors and analyzed through GTK’s
Citizen’s Sampling Program (GTK Mineral Deposit Report Valimaki
https://tupa.gtk.fi/karttasovellus/mdae/raportti/450_V%C3%A4lim%C3%A4ki.pdf where local
prospectors can send samples to GTK for analysis and receive a reward if they lead to a new
exploration target.
Exploration Plan
Conquest plans to undertake exploration activities in the spring to define drill targets within the
Valimaki Project area. Activities will include geologic mapping, prospecting, drone magnetics, and
an induced polarization survey.
Qualified Person
The technical content of this news release has been reviewed and approved by Joerg Kleinboeck P .
Geo., a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for
Mineral Projects. Joerg Kleinboeck has verified the technical data disclosed in this release, and
consents to its publication.
ABOUT CONQUEST
Conquest Resources Limited, 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% interest in the Belfast -TeckMag Project, located in the Temagami Mining
Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for
magmatic sulphide deposits (Cu -Ni-PGE), VMS, IOCG, Iron formation host ed Au and Paleo -placer
Au.
The Belfast -TeckMag 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. (“CCEC”) in 2020 and subsequent additional
claim staking and purchases in its adjacent Belfast Copper Property and TeckMag Property.
Conquest now controls over 300 square kilometers of underexplored territory in the Temagami
Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.
Conquest also holds a 100% 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 entirel y surrounded by Evolution Mining
landholdings.
In addition, the Company holds interests in the Smith Lake Gold Property.
FOR FURTHER INFORMATION CONTACT:
www.ConquestResources.com
Tom Obradovich
President & Chief Executive Officer
Tel: (416) 985-7140
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward -looking information or
statements (collectively, “forward -looking statements”), including those identified by the
expressions “anticipate” , “believe” , “plan” , “estimate” , “expect” , “intend” , “may” , “should” and
similar expressions to the extent they relate to the Company or its management. The forward-looking
statements are not historical facts but reflect current expectations regarding future results or events.
This press release contains forward looking statements. These forward -looking statements and
information reflect management's current beliefs and are based on assumptions made by and
information currently available to the company with respect to the matter described in this new
release.
Forward-looking statements involve risks and uncertainties, which are based on current
expectations as of the date of this release and subject to known and unknown risks and uncertainties
that could cause actual results to differ materially from those expressed or implied by such
statements. Additional information about these assumptions and risks and uncertainties is
contained under "Risk Factors" in the Company's latest annual information form filed on March 21,
2025, which is available under the Company' s SEDAR+ profile at www.sedarplus.ca and in other
filings that the Company has made and may make with applicable securities authorities in the future.
Forward-looking statements contained herein are made only as to the date of this press release and
we undertake no obligation to update or rev ise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required by law. We caution investors not
to place considerable reliance on the forward-looking statements contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.