Conquest Resources Options Golden Rose Project to ATHA Energy Corp.
55 University Avenue, Suite 1805
Toronto, Ontario, Canada,
M5J 2H7
www.ConquestResources.com
News Release
CONQUEST RESOURCES OPTIONS GOLDEN ROSE PROJECT
TO ATHA ENERGY CORP.
Toronto, Ontario, July 19, 2022 -- Conquest Resources Limited (TSX -V: CQR) (“Conquest” or the
“Company”) announces that it has entered into an agreement whereby it has granted an option to Atha
Energy Corp.(“Atha”) to acquire up to 100% undivided interest in mineral leases known as the Golden
Rose Property located in the Sudbury Mining District, Ontario. To fully execute the option, Atha must issue
an aggregate of 1,500,000 shares of Atha and make cash payments of $1,000,000.00 over a period of 36
months. Atha has also agreed to Conquest a 1.0 % net smelter return on the Golden Rose Project.
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 greenstone geology along a strike
length of seventeen (17) kilometers.
In October 2020, Con quest 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 km 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 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:
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.