Mr. Tom Obradovich reports

CONQUEST SHAREHOLDERS APPROVE DISPOSITION OF BELFAST-TECK MAG PROPERTY TO INVENTUS MINING CORP.

The transaction was unanimously approved by shareholders at Conquest Resources Ltd.'s special meeting held today, with 35,788,584 votes in favour, representing 23.1 per cent of the votes cast on the resolution to dispose the company's 100-per-cent interest in the Belfast-Teck Mag property package, including the historic Golden Rose mine, to Inventus Mining Corp., pursuant to the property purchase agreement dated Aug. 27, 2026.

The shareholder approval was obtained in connection with the transaction's classification as a reviewable disposition under TSX Venture Exchange Policy 5.3, Acquisitions and Dispositions of Non-Cash Assets.

Transaction consideration

Under the terms of the transaction, Conquest will receive the following consideration:

• Eight million common shares of Inventus, subject to applicable statutory and TSX-V hold periods and a voluntary pooling arrangement, under which one-third of the shares will be released following the applicable hold period, one-third on the first anniversary of closing and the remaining one-third on the second anniversary of closing;
• A 2.0-per-cent net smelter return (NSR) royalty on the applicable mineral claims that are not already subject to an existing royalty. Inventus will have the right to purchase a 0.5-per-cent royalty for $1-million.

Strategic focus

The shareholder approval represents an important step in Conquest's strategy to realize value from its existing assets while focusing its resources on its remaining exploration portfolio, including the Valimaki gold project in Finland.

Through the transaction, Conquest will retain equity exposure to Inventus and potential future royalty income from the applicable mineral claims, while redirecting its attention and available resources toward its remaining exploration opportunities.

Completion of the transaction

Closing of the transaction remains subject to satisfaction of the remaining closing conditions under the definitive property purchase agreement, including acceptance by the TSX-V. Upon closing, Conquest will receive the agreed consideration of eight million common shares of Inventus and be granted the 2.0-per-cent net smelter returns royalty on the applicable mineral claims, subject to the terms of the 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 has verified the technical data disclosed in this news 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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