Conquest Mining Limited

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) advises that detailed drilling, ore body modelling and metallurgical testwork in connection with the Silver Hill Definitive Feasibility Study has confirmed a potential discrete high grade silver pit at the 100% owned project in northern Queensland.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) intends to commence a drilling program on its regional tenement area while its dispute with Gold Fields Australasia (GFA) over the Regional Joint Venture Agreement (JVA) is resolved. Conquest activated the dispute resolution process in August 2009 following efforts by the Company to clarify GFA's commitment to progress exploration of the regional tenement area in a timely manner.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) intends to commence a drilling program on its regional tenement area while its dispute with Gold Fields Australasia (GFA) over the Regional Joint Venture Agreement (JVA) is resolved. Conquest activated the dispute resolution process in August 2009 following efforts by the Company to clarify GFA's commitment to progress exploration of the regional tenement area in a timely manner.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to announce that recent trial grade control drilling at the Silver Hill Deposit has reported significant mineralisation with all results now received.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to advise that the Company has received an Indicative Term Sheet and detailed debt financing proposal from a senior bank to fund construction of a mine at its 100% owned Silver Hill gold, silver and copper project in northern Queensland.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is a Perth based mining company focused on the development of low cost gold and silver resources. Conquest is currently expediting the development of its 100% owned Silver Hill Project in North Queensland and progressing the on-going exploration of the associated Mt Carlton project area. The Company's total regional holding comprises total of 3,472 km2.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to announce that recent trial grade control drill results at the Silver Hill Deposit have reported significant mineralisation. Conquest Managing Director John Terpu said the highly encouraging results confirmed the robust and consistent nature of the mineralisation at the Silver Hill deposit.

The Board of Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) advises that it has initiated a dispute resolution process with regard to its Mt Carlton Farm-in and Joint Venture Exploration Agreement (JVA) with Gold Fields Australasia Pty Ltd (GFA).

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) remains focused on the expedited development of its 100% owned low cost, high value Silver Hill Project in North Queensland..

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) has appointed Arccon Mining Services (AMS) to progress the Silver Hill project to a Definitive Feasibility Study (DFS) and, in parallel, to complete the Engineering Development and Procurement of long lead items for the project.