Conquest Sources Restricted (TSXV: CQR,OTC:CQRLF) (“Conquest” or the “Firm”) is happy to supply announce that it has entered right into a Letter of Intent (“LOI”) to amass 100% of the excellent shares of Carrigel Ltd. on November 27, 2025, a personal firm included in Eire, which owns a 100% curiosity within the Valimaki Gold Mission in Finland.
The Valimaki Gold Mission is comprised of a 23,197 hectare Exploration Reservation positioned in southern Finland which comprises a 15 kilometer pattern that has an intensive practice of gold-rich boulders. Throughout the boulder practice, historic sampling has produced >150 boulders with assays higher than 1 g/t Au, with assays as excessive as 60 g/t Au.
Determine 1 — Valimaki Mission space displaying in depth gold-rich boulder practice shedding off a structural zone over a 15 kilometer part of strike size
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Tom Obradovich, CEO of Conquest, feedback, “We’re excited to start exploration on the Valimaki Gold Mission which has had restricted fashionable exploration geophysics or detailed mapping. We’ve engaged an skilled staff of geologists and geophysical contractors to start establishing drill targets in early spring of 2026. Drill testing is deliberate for late summer time and fall when the required allowing is in place.”
Determine 2 — Magnetics with auriferous boulders plotted on high. The gold occurrences are positioned alongside magnetic highs. Additionally, magnetics defines regional folds that pattern parallel to stratigraphy within the northeast route. The Kynsikangas and Kankaanpaa Shear Zones are clearly seen as main magnetic breaks.
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ABOUT THE VALIMAKI GOLD PROJECT
The Valimaki Gold Mission is positioned to the east of Pori, a regional industrial metropolis, in southwestern Finland. The Mission space has wonderful infrastructure and might be accessed year-round.
The Mission is positioned throughout the Svencofennian geologic area inside supracrustal rocks which can be positioned between two main structural options; to the southwest, the Kynsikangas Shear Zone, and to the northeast, the Kankaanpää Shear Zone. Each main buildings pattern NW-SE whereas stratigraphy and fold axes between the buildings pattern northeast. Gold mineralization is hosted in amphibolite-grade sedimentary, volcanic, and intrusive rocks, with a robust affiliation with arsenopyrite and quartz veining. Au can be related to Sb-Te-Bi-W-Ag, which is typical of orogenic gold deposits.
Gold was initially discovered within the Nineteen Fifties by Outukumpu Oy who explored the realm intermittently throughout the Nineteen Fifties and Nineteen Eighties. Geologian Tutkimuskeskus (GTK) carried out a number of exploration applications throughout the Nineteen Eighties to 2010s which included until geochemistry, heavy mineral concentrates, magnetics, and a complete of ~2,800 meters of diamond drilling. Finest intersects embody 4.3 meters at 7.2 g/t (GTK Report 75/2016 – Ore potential of the Kullaa zone, Saarijärvi and Kultakallio Au mineralizations) and seven meters at 3.9 g/t Au (R309, GTK report M06/1143/2006/10/1 – Analysis Report on ore exploration within the Municipality of Kullaa, Within the Authority of Valimaki, Mining Register No. 7101/1).
Lots of the auriferous boulders had been found by native prospectors and analyzed via GTK’s Citizen’s Sampling Program (GTK Mineral Deposit Report Valimaki https://tupa.gtk.fi/karttasovellus/mdae/raportti/450_VpercentC3percentA4limpercentC3percentA4ki.pdf the place native prospectors can ship samples to GTK for evaluation and obtain a reward in the event that they result in a brand new exploration goal.
Business Phrases
Conquest has entered right into a non-binding Letter of Intent (LOI) with Carrigel to amass 100% of the excellent shares of Carrigel for the next phrases:
- 5,000,000 widespread shares of Conquest approval of the TSXV of formal settlement
- $35,000 CAD money fee upon approval of the TSXV of formal settlement
- 5,000,000 widespread shares of Conquest on receipt of drill permits
- 2% Internet Smelter Royalty with 1% being buyable for $3,000,000 CAD
Exploration Plan
Conquest plans to undertake exploration actions within the spring to outline drill targets throughout the Valimaki Mission space. Actions will embody: geologic mapping, prospecting, drone magnetics, and an induced polarization survey.
Certified Particular person
The technical content material of this information launch has been reviewed and permitted by Joerg Kleinboeck P. Geo., a Certified Particular person as outlined beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks. Joerg Kleinboeck has verified the technical information disclosed on this launch, and consents to its publication.
ABOUT CONQUEST
Conquest Sources Restricted, included in 1945, is a mineral exploration firm that’s exploring for base metals and gold on mineral properties in Ontario.
Conquest holds a 100% curiosity within the Belfast-TeckMag Mission, positioned within the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have distinctive exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.
The Belfast-TeckMag Mission is the Firm’s flagship property, developed from the Golden Rose Mission, which was initially acquired in December 2017, and significantly augmented via the acquisition of Canadian Continental Exploration Corp. (“CCEC”) in 2020 and subsequent further declare staking and purchases in its adjoining Belfast Copper Property and TeckMag Property.
Conquest now controls over 300 sq. kilometers of underexplored territory within the Temagami Mining Camp, together with the previous producing Golden Rose Mine at Emerald Lake.
Conquest additionally holds a 100% curiosity within the Alexander Gold Property positioned instantly east of the Purple Lake and Campbell mines within the coronary heart of the Purple Lake Gold Camp alongside the essential “Mine Development” regional construction. Conquest’s property is nearly solely surrounded by Evolution Mining landholdings.
As well as, the Firm holds pursuits within the Smith Lake Gold Property and Lake Nipigon Basin Property.
Cautionary Assertion Relating to Ahead-Trying Info
Sure statements included on this press launch represent forward-looking data or statements (collectively, “forward-looking statements”), together with these recognized by the expressions “anticipate”, “imagine”, “plan”, “estimate”, “anticipate”, “intend”, “could”, “ought to” and related expressions to the extent they relate to the Firm or its administration. The forward-looking statements usually are not historic information however replicate present expectations concerning future outcomes or occasions. This press launch comprises ahead trying statements. These forward-looking statements and data replicate administration’s present beliefs and are primarily based on assumptions made by and data at present obtainable to the corporate with respect to the matter described on this new launch.
Ahead-looking statements contain dangers and uncertainties, that are primarily based on present expectations as of the date of this launch and topic to recognized and unknown dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied by such statements. Further details about these assumptions and dangers and uncertainties is contained beneath “Danger Components” within the Firm’s newest annual data kind filed on March 21, 2025, which is offered beneath the Firm’s SEDAR+ profile at www.sedarplus.ca and in different filings that the Firm has made and should make with relevant securities authorities sooner or later. Ahead-looking statements contained herein are made solely as to the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements whether or not because of new data, future occasions or in any other case, besides as required by regulation. We warning buyers to not place appreciable reliance on the forward-looking statements contained on this press launch.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.
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