Conquest Resources Ltd. (CQRLF)

[NYBob]

"In each of the last six years, Goldcorp's focused exploration
program has delivered greater gold exposure to shareholders
by not only increasing gold reserves in absolute numbers
but also by increasing our gold reserves on a per share basis,"
said Chuck Jeannes, Goldcorp President and Chief Executive
Officer.

"Continued exploration success in 2010 has positioned the
Company to grow gold reserves for a seventh consecutive year,
driven by strong results at key assets.

Our highly prospective, Americas-based asset portfolio will remain
an important source of new high quality gold ounces-and
continued leverage to the gold price-in the future."

Canada

Red Lake

During 2010, recent underground infrastructure
investments led to an acceleration of exploration drilling
at the Company's cornerstone mine.

Development of the High Grade zone (HGZ) continued from the 4199
exploration drift, where three drills are infilling and
extending the HGZ at depth, between the 49 and 52 levels.

Strong results there support the potential for increasing 2010
gold reserves in the HGZ for the first time in several years.

They include,
1.1 meters approximate true width of 3,706.9 grams per tonne
gold
at the 50 level and 1.7 meters approximate true width
of 1,826.3 grams per tonne gold below the 51 level.

In 2010, a connection drift was completed linking the Red Lake
Complex to the Campbell Complex in the deepest part of the mine.

This drift provides additional flexibility for HGZ development,
where a drill platform is currently targeting the HGZ hanging
wall between the 45 and 47 levels.

Exceptional results have been received to date, illustrating
strong continuity of portions of the upper HGZ that have
previously not been fully tested.

With a result including 34.7 meters approximate true width of
136.3 grams per tonne gold on the 46 level,
this area is expected to contribute new gold reserves
and resource additions.

In 2011, a sustained exploration program from both drifts
will continue to target this prolific gold zone from
several platforms.

Slides 2 and 3:
High Grade zone continues
In the upper Red Lake Complex, aggressive drilling and
development continues in the Far East Zone.

Drilling throughout the year targeted growth in reserves
and resources between the 13 and 21 levels.

Exploration drifting is currently underway on 21 level at
Red Lake to provide a drill horizon for 2011 and beyond to
infill and expand resources and reserves between the 18
and 23 levels.

The R Zone in the deep Party Wall at Red Lake comprises the
former boundary area between the Red Lake and Campbell mines
that had been previously underexplored.

Drilling throughout the year on the R zone has returned
significant assays that are adding reserves and resources
between the 30 and 37 levels.

Subsequent ore development has exposed these structures for
the first time.

Current resource models are being updated in the area and
a new exploration and development plan will be in place in
2011 to further test the
R Zone, which remains open at depth.

Cochenour
The Cochenour/Bruce Channel deposit is located below Goldcorp's
historic
Cochenour mine and is a key component of Goldcorp's
consolidation plans in the
Red Lake district.

A 2009 surface drilling program identified gold mineralization
in the Gap zone between the bottom of Cochenour (2200 Level)
and the top of the Bruce Channel discovery.

In 2010, underground drilling from the 2050 level verified
the continuity of gold-bearing structures below
Cochenour towards the Bruce Channel deposit.

For budget and planning purposes the Company has sized the
Cochenour project for a mineable deposit of 5 million gold ounces.

An initial gold mineral resource is expected for year-end.

Work on enlarging and upgrading the existing Cochenour shaft is
in progress and the development of a 5 kilometer drift and
high speed tram on the 5400 foot level connecting to
the Red Lake mine is underway.

This will enable
Cochenour/Bruce Channel ore to be hauled directly to
the Red Lake mine and processed at the existing mill facility.
The drift will also open up exploration over five kilometers
of untested ground in one of the world's richest gold districts.

Future exploration plans include additional drilling both from
surface and from underground including drilling from the
high speed tram drift.
The first of the drilling stations has been completed and
drilling nin this untested area is expected to commence in
2011 once the drift excavation is sufficiently advanced.

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