Conquest Provides Update on Acquisition and Consolidation CCEC Shareholders Approve Transaction
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55 University Avenue, Suite 1805
Toronto, Ontario, Canada,
M5J 2H7
www.ConquestResources.com
+1 647 728 4126
Conquest Provides Update on Acquisition and Consolidation
CCEC Shareholders Approve Transaction
Toronto, September 24, 2020 – Conquest Resources Limited (TSX-V: CQR) (the “ Company” or
“Conquest”), reports that the shareholders of Canadian Continental Exploration Corp. (“ CCEC”) have
unanimously approved the previously announced transaction whereby CCEC will amalgamate with a
subsidiary of Conquest and CCEC will become a wholly-owned subsidiary of Conquest (the
“Acquisition”).
Acquisition Approved by CCEC Shareholders
At a Special Meeting of Shareholders of Canadian Continental Exploration Corp. held on September 23,
2020, shareholders of CCEC unanimously approved the acquisition of CCEC by Conquest under which
Conquest will issue 40,306,667 post consolidated shares to the shareholders of CCEC
On August 31, 2020, shareholders of Conquest approved the consolidation of all the issued and outstanding
common shares of Conquest at a consolidation ratio of one (1) new post-consolidation share for every two
and one half (2.5) pre-consolidation shares (the “Consolidation”)
Closing of the Acquisition and r elated Consolidation is subject to the final approval by the TSX Venture
Exchange.
About Conquest Resources
Conquest Resources Limited incorporated in 1945 is a mineral exploration company that is engaged in the
exploration of gold properties in Ontario.
Conquest owns 100% interest in the Golden Rose Project at Emerald Lake, in the Temagami mining camp,
located approximately 65 kilometers northeast of Sudbury, Ontario, underlain by highly prospective Abitibi
Greenstone geology along a strike length of 17 kilometers. The former Golden Rose Mine is located deep
within the regionally large, unexplained Emerald Lake (Temagami) Anomaly which closely resembles the
magnetic signature of the adjacent Sudbury Basin.
In July 2020, Conquest entered into an agreement with Canadian Continental Exploration Corp. to acquire
an extensive package of mining claims which surrounds Conquests’ Golden Rose Mine Project at Emerald
Lake in the Temagami mining camp northeast of Sudbury, Ontario. The package consists of almost 10,000
hectares of mining lands highly prospective for precious and base metals and under explored. When
combined with the Company’s current land holdings including the past producing Golden Rose Mine,
Conquest will control over 130 square kilometers making it the one of the largest land holders in the
Temagami Mining Camp.
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Conquest also owns 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 on the important “Mine Trend” regional
structure. Conquest’s property is almost entirely surrounded by Evolution Mines land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake Gold Property which consists of six patented
claims and 181 staked mining claims to the north, west and south of the Renabie Gold Mine in Rennie
Township which had production of over 1,000,000 ounces of gold.
FOR FURTHER INFORMATION CONTACT:
John F. Kearney
Chairman
416-362-6686
Robert Kinloch
President
306-881-8296
Paul Smith
Senior Geologist
902-698-2662
Forward-Looking Statements
This news release may include certain "forward-looking statements". All statements other than statements of historical
fact, included in this release, including, without limitation, statements regarding potential mineralization, resources
and reserves, exploration results, and future plans and objectives of Conquest, are forward -looking statements that
involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipat ed in such statements. Important factors
that could cause actual results to differ materially from Conquest’s expectations are exploration risks detailed herein
and from time to time in the filings made by Conquest with securities regulators. Neither the T SX 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 the accuracy of this release.