Conquest Resources Limited provided an update on its Phase 2 Drill Program on the Belfast-TeckMag Project. In June 2021, Conquest announced the commencement of a 10,000 m diamond drill program on its 100% owned Belfast-TeckMag Project. To date, sixteen drill holes totaling an aggregate of 5,699 m have been completed that tested a variety of regional targets generated from Conquest's completion and interpretation of Geotech VTEM and regional magnetic surveys, follow-up ground geophysical surveys, as well as targets generated from reviewing historical data. Assay results have been received for drill holes BC21-02 through to BC21-13 and are reported below. No significant results were returned for drill holes BC21-06, -09, -12, and -13. Geochemically anomalous base metal and gold mineralization was encountered in the majority of the drill holes. Highlights include drill hole BC21-05 that intersected a low-grade copper zone that returned 0.24% Cu over a core length of 26.35 m hosted within a brecciated iron-rich sediment, including 1.35% Cu over 0.5 m, and drill hole BC21-11, located approximately 1 km east of BC21-05, that intersected multiple zones of anomalous copper mineralization from 62.55 m to 248.55 m. Significant gold mineralization was also intersected in BC21-04 that returned 4.55 g/t Au, 0.38% Cu over a core length of 0.35 m, and in drill hole BC21-11 that returned 5.32 g/t Au over 1.15 m. Down hole geophysical EM (BHEM) surveys have also been completed in drill holes BC21-02, BC21-05, BC21-11, and BC21-15. The downhole surveys in the BC21-05 to BC21-011 mineralized corridor have detected a widespread area of conductive, sulphide-bearing, source rocks within the Copper bearing horizon extending over an area of >200x200m extending from holes BC21-05 and BC21-11, and over depth intervals of 100 m and 200 m respectively. A detailed target interpretation of the geologic and geophysical data (VTEM, BHEM and vertical gradient magnetics) suggests a follow up drill program targeting the extents of the local West to East trending series of discrete magnetic signatures, which coincide with the location of the newly discovered Cu-rich VMS zone. Including the weaker responses, two local areas of anomalous VTEM response can be outlined and isolated from the Eaglerock and Emerald Lake areas. Drill holes BC21-05 and BC21-11 intersected the anomalous copper horizon within the west to east oriented magnetic responses. The subsequent BHEM surveys reveal near field conductors that are also largely within the magnetic expressions and/or near magnetic edges. The follow up drill campaign for the BC21-05 and BC21-11 region will be to step out on the BHEM and VTEM conductors within the extents of the target magnetic features and at the edges, over a strike length of >1 km across the magnetic signatures/edges. A program of 8 to 10 drill holes totaling approximately 3000 m is planned with an approximate interhole distance of 225 m apart on the local magnetic high expressions, at edges or on descending mag expressions, as well as individual BHEM conductors, including two drill holes targeting offhole conductors, will also be drilled within 100 m of existing holes.