Conquest Resources Ltd. (CQRLF)

[NYBob]

Conquest Intersects 6.34 Metres of 3.95 Grams Per Tonne Gold at Red Lake -
TORONTO, ONTARIO--(Marketwire - Oct. 13, 2011) -



Conquest Resources Limited
(TSX VENTURE:CQR) is pleased to report that the Company has
intersected 6.34 metres of gold mineralization grading 3.95
grams per tonne (gpt) gold in the most recently completed
drill hole at the Company's 100% owned Alexander Gold Project
in Red Lake, Ontario.

Hole CR-11-051 intersected 3.95 gpt gold over 6.34 metres,
including 17.50 gpt gold over 1.24 metres which includes
31.25 gpt gold over 0.53 metres of core at a hole depth
of 495 metres.

Hole CR-11-051 was collared in a northeasterly direction near
the southern property boundary adjacent to
Goldcorp's Red Lake mine property.

Assay results from hole CR-11-051, including this 31.25 gpt gold
assay, represent the highest grade intersections on the
Alexander Property to date.
This gold mineralization is present within a broad pyrite-
arsenopyrite bearing quartz monzodiorite intrusive of
unknown true thickness located in the hanging wall to
Eastern Shear Zone belonging to the Balmer Assemblage
suite of rocks.

CONQUEST'S ALEXANDER EASTERN SHEAR ZONE

During Summer 2011, Conquest discovered the Eastern Shear Zone,
a new sulphide mineralized zone of shearing found in hole
CR-11-048 (see Press Release – August 03, 2011) located 750
metres southeast of the Central Sulphide Shear Zone which was
discovered in exploration drilling by Conquest during 2004. Follow-up drilling in holes CR-11-049, -050, and -051 suggests
that the geometry and location of the Eastern Shear Zone is
similarly oriented in strike and dip, but is a separate zone
spatially from the Central Sulphide Shear Zone.

The Eastern Shear Zone is characterized by narrow
pyrite-(arsenopyrite) and pyrrhotite-(pyrite-arsenopyrite-
chalcopyrite) stringers with associated quartz-
carbonate-(pyrite) veins within a structural envelope
of shearing and biotite-chlorite-(silica) altered Balmer
assemblage basalts ranging from 5 to 10 metres in true thickness.

Earlier mining activities at Goldcorp's Red Lake Gold Mine –

No. 1 Red Lake Complex (the former Dickenson Mine) produced gold
from mineralized Balmer assemblage basalts similar to those
sulphide-carbonate bearing sheared Balmer volcanics which have
been identified at Conquest's Central Sulphide Shear Zone and
Eastern Shear Zone.

FUTURE PLANS

Follow-up drilling on the Company's Alexander Property is planned
in the next hole, CR-11-052, which will be collared in a
northeasterly direction from a setup located approximately 100
metres east of CR-11-048 (325 metres east of CR-11-051)
along the southern Conquest/Goldcorp mine property boundary
under freezing conditions during January 2012.
No drill holes have yet tested the eastern or depth extent
of the Eastern Shear Zone horizon, which is approximately
one square-kilometre in size along a vertical longitudinal
section oriented 130AZ/-60DIP through the central and
eastern portion of the Alexander Property.

The system remains open at depth and along strike and represents
a significant new exploration target.

ABOUT THE ALEXANDER GOLD PROJECT

Conquest's Alexander Property lies immediately east of Goldcorp
Inc.'s Red Lake and Campbell mines in the heart of the Red Lake
Gold Camp on the important "Mine Trend" regional structure and
is almost completely surrounded by Goldcorp's land holdings.
The Red Lake Mining District has produced in excess of 25
million ounces of gold over the past 60 years.

The important Balmer Assemblage volcanic rocks, which host the
majority of gold produced from the Red Lake greenstone belt,
and the adjacent Bruce Channel Formation metasedimentary rocks,
which host some of the new gold discoveries at Red Lake,
have been identified on the Alexander Property.
These prospective host rocks lie within the Red Lake Mine Trend
structural corridor which extends southeast from Goldcorp's two
gold mines on to and across the Conquest Alexander Property.
Many of the regional structures that have associated gold
mineralization in the area of the two producing gold mines
at Red Lake extend eastwards on to the Alexander Property.

A total of 9,772 metres of NQ sized drilling has been completed
by Conquest during 2011.
Two drill rigs are onsite and ready to resume drilling on
frozen ground following the year-end freeze-up.

QUALIFIED PERSON

Information of a scientific or technical nature contained in
this release has been prepared by or under the supervision
of Terence McKillen, P.Geo., the Chief Executive Officer
and Benjamin Batson, P. Geo., the Vice President of
Exploration of the Company, both of whom are Qualified
Persons within the meaning of National Instrument 43-101 of
the Canadian Securities Administrators.

Samples are analyzed by AGAT Laboratories in Mississauga,
Ontario using a 50 gram pulp fire assay technique with
ICP-OES finish. Conquest employs the use of standards,
blanks, and duplicate samples to maintain confidence in
the analytical techniques used to determine gold content
in its core.
Fifteen percent of the samples submitted to the laboratory
comprise samples used for quality assurance and control for
gold content.
AGAT also employ the use standards, blanks and duplicate
samples to calibrate on a regular basis within batches.

CONTINUED EXPLORATION AT CONQUEST'S OTHER GOLD PROPERTIES

Conquest is also drilling at its 100% owned Smith Lake Gold
Project located adjacent to the former Barrick Renabie Gold Mine
near Missanabie, Ontario.
A total of 1,109 metres of exploration drilling was completed
during the Fall of 2011.
The first hole of the program, CSL-11-001 contained a high grade
intersection of gold grading 63.3 grams per tonne over 0.28
metres within the targeted structurally hosted quartz-pyrite vein.

Historical production from vein-hosted gold bearing structures
at the adjacent former Renabie Gold Mine totaled more than
1,000,000 ounces of gold since 1941 from reported reserves
of approximately 6 million tonnes at an average grade
of 6.6 grams of gold and 2 grams of silver per tonne.

Assays are pending from holes CSL-11-002 through CSL-11-010
at Smith Lake and are expected by the end of October.

In addition to its drilling programs at Red Lake and Smith Lake,
Conquest is exploring for structurally-hosted gold
mineralization under a joint-venture agreement with
Detour Gold Corporation ("Detour Gold") at
the Sunday Lake property located along
the Sunday Lake Deformation Zone approximately seven kilometres
east of Detour Gold's 14.9 million ounce proposed open pit gold
mine.
Detour Gold completed a seven-hole drill program comprising
1,650 metres of exploration drilling during Winter 2010/11.
Conquest expects that additional exploration drilling will
be planned for Winter 2011/12.

Conquest holds 80,000 shares of Detour Gold Corporation.

There are currently 95,477,728 shares of Conquest issued
and outstanding.

This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Conquest, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Conquest's expectations are exploration risks detailed herein and from time to time in the filings made by Conquest with securities regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

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