Conquest Resources samples 15.31 g/t Au over 3.00m at Smith Lake

Toronto, Ontario--(Newsfile Corp. - August 12, 2026) - Conquest Resources Limited (TSXV: CQR) (" Conquest " or the " Company ") is pleased to announce channel and grab sample results from its 100% owned Smith Lake Gold Project ("Property"), situated adjacent to Barrick Mining Corp.'s past producing Renabie Gold Mine which produced more than 1,000,000 oz. of gold from 1941 through to 1991 at a grade of 6.6 g/t Au and 2 g/t Ag (Callan N.J., Spooner, E.T.C. 1998).

Note: Mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on the Property.

In June, 2026, Conquest personnel visited the Smith Lake Gold Project and collected 15 channel samples and 3 grab samples of selected areas covering the Campbell Vein. Channel sample lengths ranged from 0.35 to 1.60 m, with results ranging from 0.03 g/t to 29.1 g/t Au, with 6 of the 15 channel samples returning > 1 g/t Au. Grab samples ranged from 0.17 to 4.98 g/t Au. Samples were collected mainly from pyrite-bearing irregular to folded massive to ribbon-textured quartz veins and sheared metavolcanics.

Two composite weighted averages from Channels 1 and 5 returned 1.95 g/t over 1.95 m from Channel 1, and 15.31 g/t over 3.00 m from Channel 5.

Sample results are provided in Tables 1 and 2, and displayed in Figure 1.

Table 1: Grab Sample Results

Table 2: Channel Sample Results

Figure 1: Sample Locations

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7183/309253_5d05338e6410c864_001full.jpg

Selected grab samples are by nature selective and are not necessarily representative of mineralization on the project. True widths of the mineralization reported from the channel samples have not yet been determined.

Samples were delivered by representatives of Conquest to Activation Laboratories Ltd. in North Bay, Ontario. Conquest inserted a standard and a