START OF FIRST DEEP HOLE AT ALEXANDER PROPERTY, RED LAKE, ONTARIO

Toronto, Ontario - February 25, 2010 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce drilling has started on the first 2,000 metre "mother hole" on its Alexander Gold Project (100% owned) at Red Lake, Ontario. Boart Longyear Canada has mobilized a LY-55 deep-hole rig onto the site for the initial drill program comprising 8,000 metres of drilling. The program comprises a series of deep holes with wedging from 800 metres vertical depth in each of the holes. The initial drill program is expected to take approximately four months to complete.

The first hole will test the Balmer volcanic assemblage beneath the Huston-Balmer unconformity. Three "daughter holes" will be wedged from the first parent hole. The target is gold mineralization in sheared Balmer volcanics as well as Huston sediments within the “Mine Trend” structural corridor, immediately east of Goldcorp's Red Lake and Campbell gold mines.

The drilling is part of a systematic evaluation of the Alexander Property at deeper levels than previously explored, starting at the southwestern corner of the property in close proximity to the Red Lake mine. Previous, shallower drilling by Conquest and by Goldcorp intersected significant gold values within the targeted rock types.

CONQUEST STARTS PHASE TWO DRILLING AT ALEXANDER PROPERTY, RED LAKE, ONTARIO

Toronto, Ontario - February 18, 2010 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it has commenced Phase Two of an ongoing exploration program being carried out at the Alexander Gold Project (100% owned) in Red Lake, Ontario.

Boart Longyear Canada has been chosen to carry out the 8,000 metre drill program to down-hole depths of 2,000m to test targets within the Balmer volcanic assemblage with a series of mother holes and wedged holes. Conquest plans to conduct a total of 20,000 metres of diamond drilling in subsequent phases of exploration on the Alexander Property, subject to additional financing.

Conquest's geological team and Boart's drilling crew as well as program support staff are presently on site in Red Lake with drilling expected to commence on or about February 25th, 2010. The initial program is anticipated to take approximately four months to complete.

CONQUEST PLANS 8,000 METRES OF DRILLING AT THE ALEXANDER GOLD PROJECT, RED LAKE, ONTARIO

Toronto, Ontario - January 25, 2010 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it has issued tenders for a new drilling program at its Alexander Gold Project in Red Lake, Ontario, commencing in late February.

The program will comprise approximately 8,000 metres of surface NQ drilling to depths of 2,000 metres to test targets within the Balmer Assemblage. Drilling will involve eight standard wedges from downhole depths between 1,000 and 1,500 meters. Approximately 4,500 metres of NQ sized parent hole drilling will be included in the proposed total 8,000 metres of exploration drilling. The Alexander Property is readily accessed on graveled roads and drilling collar stations are within 600 metres of a suitable water source for drilling.

In 2009, Conquest completed a 4,100 metre drill program under contract to Boart Longyear Canada Inc. which doubled the depth profile of drilling on the Alexander Property from 300 to 700 vertical metres in the area below the western part of the property. All six holes from this program intersected gold mineralization, including 9.64 g/t gold over 0.39 metres and 4.05 g/t gold over 1.92 metres in the stratigraphy above the targets to be tested in planned 2010 drilling.

Conquest plans to conduct at total of 20,000 metres of diamond drilling in subsequent phases of exploration, subject to additional financing, on the Alexander Property which will test the Balmer Assemblage stratigraphy below the western and central portions of the property. The focus for the Company is to continue a systematic deepening of drilling in untested structures interpreted to extend from the adjacent Red Lake Mine (Goldcorp) within volcanic lithologies below the 700 metre level at the Alexander Property.

The deadline for drilling tender submission is Friday, January 29, 2010.

CONQUEST CLOSES $1.8 MILLION FINANCING

Toronto, Ontario - December 23, 2009 - Conquest Resources Limited (TSX- V: "CQR") announces it has closed a previously announced (November 30, 2009) non brokered private placement of $1,831,920 consisting of 3,748,912 Flow-Through Shares at $0.23 per share and 5,300,895 units ("Units") at $0.19 per Unit, each Unit consisting of one common share and one-half of a common share purchase warrant, whereby each whole warrant entitles the holder to purchase one common share at $0.26 for one year.

The offering has been made available to accredited investors in Canada and eligible international investors. No securities were offered in the United States of America or to United States residents. The flow though placement included the sale of 3,260,869 flow through shares ($750,000) to the MineralFields Group.

"We are pleased to continue our relationship with MineralFields Group", said Terence McKillen, President and CEO. "We look forward to continuing to work with MineralFields Group as we explore the Company's Alexander Property at Red Lake, Ontario."

In connection with the placement with the MineralFields Group, Limited Market Dealer Inc., received a $25,000 cash finder's fee together with 163,043 finders shares and 326,086 broker warrants, valid for a period of twelve months, to purchase common shares at $0.23 per share, equal in number to 10% of the flow‐through shares subscribed for by MineralFields.

John Kearney, Chairman of Conquest and an insider of the corporation, subscribed for an additional 801,316 shares of the placement for gross proceeds of $163,250 (representing less than 1% of the total placement).

Proceeds of the financing will be used to fund exploration expenses on Conquest's Alexander Property near Red Lake, Ontario and for general working capital.

All securities issued are subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws and the requirements of the TSX Venture Exchange.

GOLD MINERALIZATION INTERSECTED IN ALL SIX HOLES FROM DRILLING AT RED LAKE

Toronto, Ontario - December 18, 2009 – Conquest Resources Limited (TSX-V: "CQR") is pleased to report further assay results from its Alexander Gold Project (100%) located in the prolific Red Lake gold camp of northwestern Ontario.

Conquest completed its 2009 Phase-I Drill Programme in early November, which consisted of six drill holes totaling about 4,100 metres of NQ surface drilling, all of which intersected gold mineralization.

Conquest was successful in intersecting gold mineralization in all six holes and obtained valuable assay and geological information from structural and stratigraphic targets extending from Goldcorp's Red Lake gold mine onto the Alexander property from surface to a depth of 700 metres vertically. These targets lie within the Balmer and Bruce Channel formations which have been identified across the width of Conquest's property, a distance of 2,000 metres.

Of particular note, Hole CR-09-037 intersected 7.76 g/t gold over one metre at a vertical depth of 335 metres and a second intersection of 4.05 g/t gold over almost two metres at 440 metres vertical depth. The 2009 drilling programme successfully doubled the vertical drilling depth profile to 700 metres in preparation for planned deeper phases of drilling.

Commenting on the results, Terence McKillen, Conquest's President and Chief Executive Officer, said: "We are particularly pleased that all six holes drilled in 2009 confirmed the presence of gold on Conquest's Alexander property. The final results of the 2009 programme also confirm the depth continuity of gold bearing structures from surface to more than 700 metres and provide significant encouragement to embark on a major programme of deep drilling of the Alexander Property. Conquest plans to commence the first part of a 20,000 metre follow up drill program early in 2010."

Significant assays are summarized in the table below. True thicknesses may not be calculated at this time due to the level of exploration drilling activity on the project.

As previously reported on November 23, 2009, Hole CR-09-037 intersected 83 metres of strongly sheared and silica altered Bruce Channel sediments at approximately 870 metres downhole depth in the western part of the property. CR-09-038 intersected the same altered and sheared sediments as those found in CR-09-037 at a downhole depth of 988 metres representing the deepest holes drilled to date at Alexander. These sheared Bruce Channel sediment intersections are prospective beyond the newly established strike length of over 225 meters and have returned anomalous gold values up to 0.50g/t over 0.68m.

As part of the ongoing exploration on the property, Conquest will also be targeting the extensive untested horizons that exist within the Balmer volcanics below the recently drilled holes in the western part of the Alexander property.

CONQUEST ANNOUNCES PRIVATE PLACEMENT FINANCING OF UP TO $4.0 MILLION

Toronto, Ontario - December 4, 2009 - Conquest Resources Limited (TSX‐V: "CQR") announces a non brokered private placement of up to $4,000,000 consisting of up to 13,043,478 flow‐through shares at $0.23 per share and/or up to 21,052,631 units ("Units") at $0.19 per unit, each unit consisting of one common share and one‐half a common share purchase warrant, each whole warrant entitling the holder to purchase one common share at $0.26 per share for one year. The offering will be made available to accredited investors in Canada and eligible international investors. No securities will be offered in the United States of America or to United States residents.

Proceeds of the flow-through share issue will be used to fund exploration expenses on Conquest's Alexander Property near Red Lake, Ontario. Proceeds of the unit issue will be used for expenses of the offering, general corporate purposes and working capital.

All securities issued will subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws and the requirements of the TSX Venture Exchange.

Closing of the placement will be on or about December 15, 2009.

CONQUEST INTERSECTS GOLD IN FIRST FOUR HOLES ON ALEXANDER GOLD PROPERTY IN RED LAKE

Toronto, Ontario - November 23, 2009 - Conquest Resources Limited (TSX-V: "CQR") is pleased to provide interim results from ongoing exploration at its 100% owned Alexander gold project located in the prolific "Mine Trend" structure of the Red Lake gold camp in northwestern Ontario.

Conquest has completed its 2009 surface drill programme which consisted of six drill holes totaling 4,100 metres of NQ drilling conducted by Boart Longyear Canada. The programme was designed to target prospective stratigraphic and structural horizons to depths previously untested in the western and central portions of the Alexander property and to further investigate the area of recent drilling conducted by Goldcorp Inc. on to the property (previously reported, May 25, 2009).

Assay results received to-date for the first four holes confirm intersections of gold mineralization over narrow widths from sampling ranging in depth between 65 and 270 metres vertically.

The gold was identified by sampling in Balmer volcanic and Huston sedimentary rocks similar to those encountered in earlier shallow drilling completed by Conquest in 2003 and 2004.

Commenting on the progress of the 2009 drilling program Mr. Terence McKillen, President and Chief Executive Officer of Conquest Resources, stated, "The results of our 2009 programme confirm the depth continuity of gold bearing structures encountered in previous shallow drilling and provide the necessary encouragement to embark on a major programme of deep drilling to evaluate the potential of this strategically located Red Lake property."

DRILLING COMMENCES AT ALEXANDER PROPERTY, RED LAKE, ONTARIO

Toronto, Ontario - September 2, 2009 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce the commencement of drilling at its Alexander Gold Project in Red Lake, Ontario by Boart Longyear Canada. Phase one of a two-phase programme will comprise 4,000 metres of NQ drilling in the west and central portions of the property is expected to be completed by late October. Sampling and assaying of split core is expected to take five to six weeks after completion of the last drill hole with full reporting anticipated prior to the end of the year.

Conquest's Phase One drill programme is designed to test prospective stratigraphic and structural horizons at depth identified in previous drilling, surface trenching, geochemical soil surveys, airborne geophysical surveys, and recent surface drilling conducted by Goldcorp Inc. on to the property. Prospective massive sulphide and quartz-carbonate vein associated gold mineralization targets will be tested to vertical depths of approximately 500 metres within volcanic and sedimentary lithologies, along a strike length of about 1,800 metres extending from the boundary with Goldcorp's Red Lake mine property towards the central portion of the Alexander property. Gold mineralization potential in this area extending eastward from the adjacent mine infrastructure is open at depth.

CONTRACT SIGNED FOR ALEXANDER DRILLING, RED LAKE

Toronto, Ontario - August 18, 2009 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it has selected a contractor for the first phase of a two-phase drilling programme to be carried out at its Alexander Gold Project in Red Lake, Ontario.

Boart Longyear Canada will carry out approximately 4,000 meters of NQ drilling in six planned holes with work scheduled to commence in early September.

In late 2008, Goldcorp Inc. drilled four deep holes from its adjacent Red Lake mine property onto Conquest's 100%-owned Alexander property resulting in the deepest gold mineralization intersection on Conquest's property at vertical depth of 300 metres returning 14.26 grams per tonne gold over 0.61 metres (previously announced May 25, 2009).

Conquest's upcoming drill programme is designed to test specific targets, to vertical depths of approximately 500 metres, along a strike length of about 1,800 metres extending from the boundary with Goldcorp's property towards the central portion of the Alexander property.

Gold mineralization potential in this area is open at depth across the length of the Alexander property where Conquest has identified two types of gold mineralization characterized by replacement massive sulphides and quartz-carbonate veining within volcanic and sedimentary lithologies.

Conquest's Alexander Gold Project is located in Balmer Township in the heart of the Red Lake Gold Camp. The Alexander Property is situated within the "Mine Trend" adjacent to Goldcorp's Red Lake and Campbell gold mines, which contain historic production and current resources in excess of 25 million ounces of gold, and approximately 1,000 metres east of the Red Lake No. 1 Shaft headframe and within 400 metres of the Far East gold zone at the Red Lake Mine. Many of the regional structures that have associated gold mineralization in the area of Goldcorp's two producing mines cross on to the Alexander Property.

• DRILLING AT THE ALEXANDER GOLD PROPERTY
• APPOINTMENT OF EXPLORATION MANAGER

Toronto, Ontario - August 04, 2009 - Conquest Resources Limited (TSX-V: "CQR") is pleased to announce that it has issued calls for tender for drilling and will commence the first phase of a two-phase drilling programme at its Alexander Gold Project in Red Lake, Ontario in early September.

Phase-I of the planned program will comprise about 4,000 meters of drilling in six holes designed to test targets extending from the Goldcorp Inc. Red Lake Mine boundary area, defined by recent drilling, through the central portion of the Alexander property based on a recently completed detailed property compilation incorporating airborne geophysical data newly acquired from Goldcorp.

In late 2008, Goldcorp drilled four deep holes from their adjacent mine property onto Conquest's 100%-owned Alexander property. Hole DS641 from this programme intersected the deepest gold mineralization on Conquest's property at vertical depth of 300 metres returning 14.26 grams per tonne gold over 0.61 metres. Similar sedimentary host rocks intersected in drilling by Conquest in 2004 were found to contain layered massive sulphide horizons approximately 400 metres to the east of the Goldcorp intersection. Gold mineralization potential in this area is open at depth across the length of the Alexander property.

Conquest has identified two types of gold mineralization on the Alexander property characterized by replacement massive sulphides and quartz-carbonate veining within volcanic and sedimentary lithologies. The proposed drilling is planned to test some of these target horizons over a strike length of about 1,800 metres and to vertical depths of approximately 500 metres in the western and south central portions of the Alexander property.

NEW APPOINTMENT Conquest is pleased to announce the recent appointment of Benjamin Batson, B.Sc. as Exploration Manager. Ben is a graduate in Geological Engineering from Queen's University, Ontario. He has explored throughout Canada in VMS, mesothermal, porphyry, and structurally-hosted gold deposit types. He was previously Project Geologist for Murgor Resources Inc. and Exploration Geologist for Roca Mines Inc.