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Conquest Resources Announces Engagement of Simone & Co LLP Chartered Professional Accountants

Corporate Updates

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55 University Avenue, Suite 1805

Toronto, Ontario, Canada, M5J 2H7

[email protected]

www.ConquestResources.com

News Release

Conquest Resources Announces Engagement of

Simone & Co LLP Chartered Professional Accountants

Toronto, Ontario, January 26, 2022 | Conquest Resources Limited (TSX-V: “CQR”) (“Conquest”)

is pleased to announce that it has engaged Simone & Co. LLP as auditors. Simone provides

services to both private and public companies.

Conquest would like to thank McGovern Hurley LLP for their years of high-level professional service

and wish them continuing growth and success for the future.

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

several deposit types including magmatic Copper-Nickel-Platinum Group Elements (Cu-Ni-PGE),

Volcanogenic Massive Sulphides (VMS), Iron Oxide Copper Gold (IOCG), Iron hosted Gold, and

Paleo-placer Gold. The Belfast- TeckMag Project is the Company’s flagship property, evolved

from the Golden Rose Property, which was initially acquired in December 2017, and significantly

augmented through the acquisition of Canadian Continental Exploration Corp. (“ CCEC”) in

October 2020, and subsequent additional claim staking and purchases in its adjacent Belfast

Copper, TeckMag, DGC and J PC properties. Conquest now controls approx. 350 square

kilometers of underexplored territory in the Temagami Mining Camp.

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 on the important “Mine

Trend” regional structure. Conquest’s property is almost entirely surrounded by Evolution Mining

land holdings.

In addition, Conquest owns a 100% interest in the Smith Lake Gold Property of six patented

claims and 181 staked mining claims to the north, west and south of the former Renabie Gold Mine

in Rennie Township in northern Ontario, operated by Corona and Barrick that had reported gold

production of over 1,000,000 ounces between 1947 and 1991 (Northern Miner March 4, 1991).

FOR FURTHER INFORMATION CONTACT:

Email: [email protected]: www.conquestresources.com

Tom Obradovich

President & Chief Executive

416-985-7140

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Forward-looking statements. This news release may i nclude certain “forward-looking

statements”. All statements other t han statements of historical fact, included in this release,

including, without limitation, statements regarding the completion of the Acquisition and the

Consolidation, the release of escrowed funds, future cash on hand, 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 anticipated 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 TSXV nor

its Regulation Services Provider (as defined in the policies of TSXV) accepts responsibility for

the adequacy or accuracy of this release.