Conquest Resources Provides Exploration Update at the Valimaki Gold Project, Finland

About this update from Conquest Resources Limited

Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") is pleased to provide an update on its spring 2026 exploration program at the Valimaki Gold Project in southwestern Finland. The field program comprised high-resolution UAV magnetics, geological mapping, legacy drill core review, glacial till sampling and prospecting, with the objective of refining priority exploration targets for future follow-up and drill testing.The field program was designed to improve the Company's understanding of property-scale structures, lithological contacts, alteration and potential controls on gold mineralization across the Valimaki project area. Results from the 2026 program will be integrated with historic gold-rich boulder occurrences, previous drilling, legacy geochemical datasets, UAV magnetic survey products and forthcoming analytical results from till and rock samples dispatched for analysis.HighlightsThe UAV magnetic survey is now complete across both planned blocks. The first block covered approximately 78 km² at 100 m line spacing, with approximately 956 line-km flown including tie lines. The second and final UAV magnetic survey block, covering the southwest portion of the survey area, was flown in May 2026.Legacy drill core review was undertaken at the Loppi National Drill Core Archive in Finland.Geological mapping covered priority areas of the project, with interpretation of results ongoing.The glacial till sampling grid comprised 795 field samples plus 58 QA/QC samples, for a total of 853 samples across regional and priority target areas.Prospecting and rock sampling returned 128 rock samples, which have been shipped for analysis.UAV Magnetic SurveyThe high-resolution UAV magnetic survey was flown in two blocks. The first survey block covered approximately 78 km² at 100 m line spacing with northwest-southeast oriented flight lines, with a mean flight height of approximately 42 m above ground level. Approximately 956 line-km were flown over the first block, including tie lines. The second and final block, covering the approximately 10 km² southwest portion of the survey area, was flown in May 2026. Preliminary processing of the first block has produced total magnetic intensity and derivative grids, including reduced-to-pole magnetic intensity, vertical derivatives, horizontal gradient, ...

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