Mr. Tom Obradovich reports

CONQUEST ENTERS INTO DEFINITIVE AGREEMENT TO SELL BELFAST-TECK MAG PROPERTY TO INVENTUS MINING

Conquest Resources Ltd. has entered into a definitive property purchase agreement dated Aug. 27, 2026, with Inventus Mining Corp., pursuant to which Inventus will acquire Conquest's 100-per-cent interest in the Belfast-Teck Mag property package, including the past-producing Golden Rose mine, located approximately 70 kilometres northeast of Sudbury, Ont.

The Belfast-Teck Mag property comprises approximately 281 square kilometres of mineral claims and includes the historic Golden Rose gold mine. The property is located approximately 14 kilometres north of Inventus's Pardo gold project.

Conquest's president and chief executive officer, Tom Obradovich, stated: "This transaction is a great outcome for Conquest. It allows us to unlock value while retaining meaningful long-term exposure through the royalty and our equity position in Inventus. Our focus has shifted to our Valimaki project in Finland, where we have completed geological mapping, geophysical and geochemical surveys. Drill targets are being prioritized and permitted in preparation for drilling in Q4 this year."

Transaction terms

Under the terms of the definitive property purchase agreement, Conquest will receive:

• Eight million common shares of Inventus at closing, subject to applicable statutory and TSX Venture Exchange hold periods and a voluntary pooling arrangement, with one-third of the shares released following the applicable hold period, one-third on the first anniversary of closing and the final one-third on the second anniversary of closing;
• A 2.0-per-cent net smelter return royalty on mining claims that are not already subject to an existing royalty, with Inventus retaining the right to purchase 0.5 per cent of the royalty for $1-million.

No finders' fees are payable in connection with the transaction. Completion of the transaction remains subject to acceptance by the TSX Venture Exchange and satisfaction of the other customary closing conditions contained in the definitive agreement.

Qualified person

The technical content of this news release has been reviewed and approved by Joerg Kleinboeck, PGeo, a non-independent qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Kleinboeck, PGeo, has verified the technical data disclosed in this release and consents to its publication.

About Conquest Resources Ltd.

Conquest Resources, incorporated in 1945, is a mineral exploration company exploring for base metals and gold on mineral properties in Ontario and Finland. Conquest acquired the Valimaki gold project in southwestern Finland, a district-scale gold exploration property with extensive historical exploration and drilling. Conquest Resources also holds interests in the Alexander gold property, the Smith Lake gold property, the King Bay gold property and the Lake Nipigon basin property.

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