Conquest Resources Announces Grant of Stock Options

About this update from Conquest Resources Limited

Toronto, Ontario--(Newsfile Corp. - April 24, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that on April 21, 2026, the Board of Directors granted a total of 4,100,000 stock options to certain directors, officers, management, employees and service providers pursuant to the Company's stock option plan. The stock options are exercisable at a price of $0.065 per common share and will expire on April 21, 2031, being five years from the date of grant. The options will vest quarterly over a two-year period from the date of grant, in accordance with the terms of the Company's stock option plan and the policies of the TSX Venture Exchange. The grant of options remains subject to the approval of the TSX Venture Exchange. ABOUT CONQUEST Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring base metals and gold on mineral properties in Ontario and Finland. VALIMAKI PROJECT Conquest holds a 100% interest the Valimaki Project is located to the east of Pori, a regional industrial city, in southwestern Finland. The Project area has excellent infrastructure and can be accessed year-round. The project is located within the Svencofennian geologic domain within supracrustal rocks that are located between two major structural features; to the southwest, the Kynsikangas Shear Zone, and to the northeast, the Kankaanpää Shear Zone. Both major structures trend NW-SE while stratigraphy and fold axes between the structures trend northeast. Gold mineralization is hosted in amphibolitegrade sedimentary, volcanic, and intrusive rocks, with a strong association with arsenopyrite and quartz veining. Au is also associated with Sb-Te-Bi-W-Ag, which is typical of orogenic gold deposits. Gold was originally found in the 1950s by Outukumpu Oy who explored the area intermittently during the 1950s and 1980s. Geologian Tutkimuskeskus ("GTK") conducted multiple exploration programs during the 1980s to 2010s, which included till geochemistry, heavy mineral concentrates, magnetics, and a total of approx. 2,800 meters of diamond drilling. Best intersects include 4.3 meters at 7.2 g/t (GTK Report 75/2016 - Ore potential of the Kullaa zone, Saarijärvi and Kultakallio Au mineralizations) and 7 meters at 3.9 g/t Au (R309, GTK report M06/1143/2006/10/1 - Research Report on ore exploration in the Municipality of Kull...

View stock analysis, news, and events for Conquest Resources Limited