Conquest Resources Limited - Press Release


    TORONTO, Aug. 4 /CNW/ - 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.


    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.


    Information of a scientific or technical nature contained in this release
has been prepared by or under the supervision of Terence N. McKillen, P.Geo.,
the Chief Executive Officer of the Corporation and a Qualified Person within
the meaning of National Instrument 43-101 of the Canadian Securities


    Conquest is exploring several gold projects in Ontario. These include the
Alexander Gold Project at Red Lake; the Aurora and Sunday Lake properties at
Detour Lake; the King Bay Gold Project at Sturgeon Lake (60% interest); and
the Smith Lake Gold Project at Missanabie.
    There are currently 72,663,830 shares of Conquest issued and outstanding.

    This news release may include certain "forward-looking statements". All
statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential mineralization,
resources and reserves, exploration results, and future plans and objectives
of Conquest, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from Conquest's expectations are
exploration risks detailed herein and from time to time in the filings made by
Conquest with securities regulators.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or the accuracy of this release.

For further information:

For further information: Terence N. McKillen, President & CEO, (647)
728-4126; D. Brett Whitelaw, Vice-President, (604) 662-8633; John F. Kearney,
Chairman, (416) 362-6686, Email:, URL:

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