Conquest Resources Limited collared its first hole in a program that will test over thirty geophysical anomalies over the next several months. Camp construction was completed on schedule and on budget. Final VTEM Max processed data was received in May and modeled for drill targeting. Drill pads have been constructed for the first series of holes and permits received from the MLAS office of the Ontario Government. The VTEM targets vary in size and conductivity with some having coincident magnetic associations. Most targets are covered with a veneer of Huronian sediments and or Nipissing diabase sills. Thickness of cover rocks is variable but generally expected to be between 100 and 300m. Deposit types known to exist in this portion of the 100% Conquest controlled land package are magmatic Cu-Ni-PGE, Volcanogenic Massive Sulfide and gold in Banded Iron Formation. The company has compiled historic exploration data collected on this part of the Temagami Greenstone Belt. In addition to the EM components, the recent VTEM survey provided high resolution total field magnetic data for the surveyed area. Exemplified by the Eaglerock Lake greenstone window, the color contoured magnetic field derivative product coupled with coincident VTEM conductor positions, clearly reveals the locations of possible subcroppings of the greenstone belt conductive and/or magnetic units. Additionally, in the Eaglerock Lake area historic exploration and drilling has resulted in the discovery of a Po, Py and Cpy bearing series of lenses identified as a VMS related exhalate horizon. Historic drilling verifies the presence of anomalous Cu and Zn and alteration consistent with VMS style deposits resulting in an environment permissive for an economic VMS Cu-Zn discovery. The company plans to carry out an aggressive drill program in the assessment of these priority target areas at Eaglerock and to the SW in search of additional greenstone targets. The Company has also received final infill ground gravity processed by Clearview Geophysics on the northern portion. Figures shows color contoured Bouguer gravity responses from the 190 site ground gravity survey in Belfast Township. Nominal station spacing is 300-350m over an area of 5x4km. A west to east increasing gravity trend is offset on the west side by a north south trending gravity and magnetic low, interpreted to be a major structure. Three distinct circular gravity response areas exceeding 7 mGals each are identified, with the amplitude feature on the east part of the grid, A-C. Coincident with, but slightly offset to the south of the gravity centers, are the interpreted magnetic anomalies identified by the VTEM airborne magnetic survey. Mapping and interpreting geology and basement topography, along with gravity highs +/- associated offset magnetic responses, are important vectors to IOCG permissive regions at the regional scale as shown in the Gawlor Craton, Australia. North to south 1st derivative gravity trends are revealed and suggest further structural controls on the emplacement of these 1.5-2km diameter, individually dense and magnetic bodies. Mineral occurrences of chiefly copper and gold are located within these anomalous areas and may be associated with the deeper magnetic and dense IOCG type geologic systems. Conquest's first 3500m of drilling will commence on priority VMS Cu targets. Results from the program will be reported as they become available.