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Conquest Resources Limited Reports Results of Annual Meeting of Shareholders

Shareholder Meetings

News Release

CONQUEST RESOURCES LIMITED REPORTS RESULTS OF

ANNUAL MEETING OF SHAREHOLDERS

Toronto, June 16, 2022 – Conquest Resources Limited (TSX-V: “CQR”) (“Conquest”) reports that it held

its Annual Meeting of Shareholders yesterday via webcast at which all resolutions were approved and

passed.

ELECTION OF DIRECTORS

All of the nominees for election as director , being John Kearney, Tom Obradovich, Jamie Levy, Terence

McKillen and Peter Palframan were elected to serve until the next meeting of shareholders.

The voting results were as follows:

Director Votes For % of Votes For Votes Withheld

John F. Kearney 25,229,183 94.21 1,551,142

Tom Obradovich 25,692,651 95.94 1,087,674

Jamie Levy 26,001,184 97.09 779,141

Terence N. McKillen 25,527,850 95.32 1,252,475

Peter Palframan 25,577,851 95.51 1,202,474

APPOINTMENT OF AUDITOR

Simone & Company, Chartered Professional Accountants were appointed as auditor for the current year

and the directors were authorized to fix the remuneration of the auditor.

APPROVAL OF THE CORPORATION’S STOCK OPTION PLAN

By a single ballot in accordance with the proxies submitted, t he Corporation’s Stock Option Plan was

ratified.

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 – Teck Mag Project, located in the Temagami Mining Camp

at Emerald Lake, approximately 65 kilometers northeast of Sudbury, Ontario, which hosts the former

Golden Rose Gold Mine and is underlain by highly prospective Abitibi greensto ne geology along a strike

length of seventeen (17) kilometers.

News Release

In October 2020, Conquest completed the acquisition of Canadian Continental Exploration Corp. which

holds an extensive package of mining claims which surround Conquest’s Golden Rose Mine, and

subsequently doubled its land holdings in the Temagami Mining Camp through the staking of 588 mining

cells, encompassing approximately 93 sq km., centered on Belfast Township, on the edge of the Temagami

Magnetic Anomaly.

Conquest now controls over 300 sq k m of underexplored territory, including the past producing Golden

Rose Mine at Emerald Lake, situated 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 si x 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 protected]

www.conquestresources.com

Tom Obradovich

President & Chief Executive

416-985-7140

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 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.