Conquest Resources Limited - Press Release


    TORONTO, Sept. 2 /CNW/ - Conquest Resources Limited (TSX-V: "CQR") is
pleased to announce the commencement of drilling at its Alexander Gold Project
in Red Lake, Ontario by Boart Longyear Canada. Phase one of a two-phase
programme will comprise 4,000 metres of NQ drilling in the west and central
portions of the property is expected to be completed by late October. Sampling
and assaying of split core is expected to take five to six weeks after
completion of the last drill hole with full reporting anticipated prior to the
end of the year.
    Conquest's Phase One drill programme is designed to test prospective
stratigraphic and structural horizons at depth identified in previous
drilling, surface trenching, geochemical soil surveys, airborne geophysical
surveys, and recent surface drilling conducted by Goldcorp Inc. on to the
property. Prospective massive sulphide and quartz-carbonate vein associated
gold mineralization targets will be tested to vertical depths of approximately
500 metres within volcanic and sedimentary lithologies, along a strike length
of about 1,800 metres extending from the boundary with Goldcorp's Red Lake
mine property towards the central portion of the Alexander property. Gold
mineralization potential in this area extending eastward from the adjacent
mine infrastructure is open at depth.


    The Alexander Gold Project in Balmer Township is 100% owned by Conquest
and is situated within the prolific Red Lake Gold Camp "Mine Trend". The
property lies immediately adjacent to Goldcorp's Red Lake and Campbell gold
mines, which contain historic production and current resources in excess of 25
million ounces of gold, and is located approximately 1,000 metres east of the
Red Lake Complex headframe and within 400 metres of the Far East gold zone at
the Red Lake gold mine. Many of the regional structures that have associated
gold mineralization in the area of Goldcorp's two producing mines continue
through the Alexander Property. Recent drilling by Goldcorp intersected 14.26
grams of gold over 0.61 metres on the Alexander property at a vertical depth
of 300 metres.


    Information of a scientific or technical nature contained in this release
has been prepared by or under the supervision of Terence 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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