Conquest Mining Limited

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) CEO Mr John Terpu today announced a new drilling initiative to explore for additional mineralisation beneath the current known resources at the Company's Mt Carlton gold-silver-copper project. A current interpretation indicates the potential for deeper mineralisation in a possible porphyry host and/or a second occurrence of the host rock which encapsulates the current resource.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) CEO Mr John Terpu today announced a new drilling initiative to explore for additional mineralisation beneath the current known resources at the Company's Mt Carlton gold-silver-copper project. A current interpretation indicates the potential for deeper mineralisation in a possible porphyry host and/or a second occurrence of the host rock which encapsulates the current resource.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) announces an investor presentation covering Silver Hill Pre-Feasibility Study. Outcomes of the Silver Hill PFS are highly attractive and indicate the project will deliver substantial shareholder value and is fundable.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) has completed the Pre-Feasibility Study (PFS) at the Mt Carlton Project in north Queensland with updated resource estimates on the Silver Hill gold-silver-copper deposit improving confidence. The PFS results demonstrate that the project economics are robust; subsequently the Conquest board has commissioned a Definitive Feasibility Study (DFS) prior to a final decision to commence production.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) commenced a Pre-Feasibility Study ("PFS") in 2008 on its Silver Hill gold/silver/copper deposit in North Queensland. The Company announced on 26 March 2009 that an updated resource estimate had improved confidence for the PFS.

As detailed in the Company's announcement dated 26 March 2009, Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) has been testing a number of possible processes for on-site gold metal recovery from flotation concentrate at its Silver Hill gold/silver/copper project.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) Based on the drilling completed to November 2008, the resource estimate at the Silver Hill deposit has been recalculated by independent experts Hellman and Schofield. This recalculation increases confidence over the previous estimate completed in November 2008. The previous resource estimate was based on drilling completed to April 2008.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to announce that recent testing of the high grade zone at V2 Hill has more than confirmed the grades, with robust intersections.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is a Perth-based mining exploration company with two clear objectives. To bring the Mt Carlton Project into production, and to continue discovering low cost gold and silver resources.

Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) is pleased to announce that recent resource definition drilling assays at the Silver Hill Deposit have reported significant mineralisation.