Conquest Resources Ltd (CQR)

[NYBob]

Conquest Resources Ltd. (TSX:CQR) OWNS 100,000 SHARES of DGC -
today worth $3.7 million + DGC shall carry out $2 million
drilling -
including a minimum expenditure of $500,000
before September 30, 2011.

Sunday Lake comprises 13 square kilometers of mine leases
on the Sunday Lake Deformation Zone,
the same volcanic-sediment contact that extends
into Trade Winds Ventures’ Block A property.


Detour Gold Completes C$428 Million Bought Deal Financing
TORONTO, ONTARIO--(Marketwire - Aug. 4, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of common shares. In addition to the 12,500,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets and TD Securities Inc., purchased all of the 1,875,000 common shares available for issuance pursuant to the exercise of their over- allotment option. In total, 14,375,000 common shares were issued for aggregate gross proceeds of C$427,656,250.

The Company intends to use the net proceeds of the offering to complete the C$1.3 billion construction of its Detour Lake gold project, for working capital, and for general corporate purposes. These proceeds, together with cash on hand and the CAT financing, are sufficient to finance the project through to production. As of June 30, 2011, the Company had committed C$815.3 million towards capital expenditures, of which C$275.8 million has been spent.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Detour Gold

Detour Gold is a Canadian gold exploration and development company whose primary focus is to advance the development of its Detour Lake gold project, located in northeastern Ontario, towards production. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.