Conquest Resources Announces Adoption of Semi-Annual Reporting

About this update from Conquest Resources Limited

Toronto, Ontario--(Newsfile Corp. - April 27, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that it has elected to adopt semi-annual financial reporting relying on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order"). The Company will file interim financial statements and related management's discussion and analysis on a semi-annual basis rather than quarterly. The first interim period for which the Company will rely on the Blanket Order is the three-month period ending March 31, 2026, for which the Company will not file interim financial statements or MD&A. The first semi-annual reporting period will be the six-month period ending June 30, 2026. The Company intends to continue filing on a semi-annual basis. The Company believes that adopting semi-annual reporting will reduce the administrative and financial burden associated with quarterly reporting and is consistent with the objective of the Blanket Order to provide reporting flexibility for venture issuers. The Company expects that the reduced reporting requirements will allow management to devote additional time and financial resources toward advancing the Company's exploration and development activities and other business objectives. 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 and Finland. Conquest recently acquired the Valimaki Gold Project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Valimaki is situated within the Svecofennian geological domain between two major regional shear zones and hosts orogenic-style gold mineralization associated with quartz veining and arsenopyrite-bearing amphibolite-grade volcanic, sedimentary, and intrusive rocks. Conquest has completed a high-resolution drone magnetic survey on the Valimaki Project and is currently geologically mapping the property in detail to establish drill targets. Targets will be drilled upon receipt of permits. Conquest holds a 100% interest in the Belfast-Teck Mag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upsid...

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