Conquest Resources Inc. provided results of the first two exploration holes, and an update on its Phase 1 Drill Program at its 100% owned Golden Rose Project, located northeast of Sudbury, Ontario. Six diamond drill holes totaling 2,886 meters have been completed to date. Drilling resumed on January 4, 2021, A minimum of four additional drill holes are planned on the Golden Rose Property. Golden Rose Project: Assay results have been received for drill holes GRW20-01 and GR20-01, the first two holes drilled on Golden Rose. GRW20-01 was collared approximately 1 km west of the past-producing Golden Rose Mine on claims acquired with the recent acquisition of Canadian Continental and was drilled to a depth of 1,181.60m. The drill hole tested a deep magnetic target that was interpreted to be the down-faulted extension of the iron formation that hosts the Golden Rose Mine. The drill hole intersected numerous intervals of iron formation from 633.13 m through to 1181.60 m. Anomalous to significant gold mineralization was intersected in this exploration drill hole, which ranged from 0.20 g/t over 1 m, to 2.90 g/t Au over 0.80 m. The drill hole was terminated due to difficulties with the drilling. Drill hole GR20-01, located on the historical Golden Rose Mine site, was drilled to a depth of 227.00 m and tested a target located 25 m above mineralization intersected in historical drill hole GR11-43. Multiple zones of gold mineralization were intersected in the drill hole, with a highlight of 11.20 g/t Au over 1.0 m being intersected within a broad zone of mineralization that returned 2.15 g/t Au over 11.10 m. Drill holes GR20-02 and GR20-03 targeted areas below the historical mine workings to test for the continuity of mineralization down-dip, while drill hole GR20-04 was drilled approximately 30 m east of the limit of historical drilling and underground workings and tested for mineralization along the projected extension of the east-plunging mineralized zone. Drill hole GR20-04 intersected iron formation earlier than expected, suggesting a structural offset between the drill hole and the historical workings located to the west. Numerous quartz veins were intersected. Drill hole GR20-05 was drilled approximately 700 m to the east of GR20-04, and represents the first of a series of multi-km spaced drill holes testing the host iron formation over a strike length of 8 km. Drill results and assays for these holes will be reported as they become available. Belfast Project: The airborne Geotech VTEM Max electromagnetic survey on Conquest's Belfast Project, adjacent to the Company's recently consolidated land packages in the Temagami Mining Camp, resumed after a scheduled shut down over the holidays. To date, 1,251 line kilometers have been flown representing approximately 58% of the survey completion. It is expected that all data will be collected and processed by the end of January. Numerous targets have been identified from a preliminary review of the available data. Geophysical targets will be evaluated, ranked and systematically drill tested based on corelating geochemical and geological data. Ground gravity surveys will commence in February following completion of the airborne survey. The Belfast Project centered on Belfast township is located on the edge of the Temagami Magnetic Anomaly which is thought to be responsible for a massive hydrothermal alteration event and crustal disruption in the region. Regional geophysical surveys show large areas of magnetic and gravity signatures consistent with a large NW-SE trending structural corridor with regionally brecciated country rocks intruded dense bodies at relatively shallow depths.