Drilling Commences At Alexander Property 

TORONTO, ON – Conquest Resources Limited reported the commencement of drilling at its 100% owned Alexander Property in Red Lake, Ontario.

The 2011 Exploration Program will comprise approximately 15,000 metres of NQ-sized drilling in five parent drill holes with additional wedge holes under the central and western portions of the Alexander Property. Drilling will target favorable sheared Balmer Assemblage units which are host to the adjacent Goldcorp Red Lake Gold Mines. The first drill hole of the program (CR-11-044) has been collared in a steeply dipping northerly direction under the central portion of the Alexander Property. The drill hole has been designed to intersect the down dip extension of the Sulphide Shear Zone at approximately 1,000 metres vertical depth. During the 2010 Exploration Program, trenching revealed a 7-metre true thickness zone of intense shearing that contained extensive sulphide mineralization and strong quartz carbonate alteration known as the Sulphide Shear Zone. Detailed structural mapping of this zone identified steeply dipping sulphide stringer mineralization within a shear zone. Elevated gold values of 300 to 400 parts-per-billion (ppb) were obtained from within the Sulphide Shear Zone channel sampling on surface (See Press Release dated September 27, 2010). Subsequent drilling during 2010 intersected further elevated values in the shear zone at 80 to 180 metres vertical depth which has provided encouragement to undertake further drilling to locate the source of the anomalous gold in the shear system. Conquest intends to investigate the extension of its Sulphide Shear Zone along strike and at depth with the initial drilling in its 2011 Exploration Drilling Program. During 2010, Conquest completed 9,030 metres of drilling from March through November comprising two deep parent holes and three wedge holes for a total of 7,755 metres of drilling, under the western portion of the Alexander Property, and three drill holes totaling 1,275 metres of shallow drilling under the Sulphide Shear Zone. The company’s address is 220 Bay Street, Suite 700, Toronto, ON, M5J 2W4, (647) 728-4126, fax: (416) 368-5344.