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Conquest Resources Limited: Incentive Share Options Granted.


TORONTO -- Conquest Resources Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:CQR CQR Secure
CQR Count Question Resolution (census)
CQR Coastal Quick Release (anchor)
CQR Congressional Quarterly Researcher
CQR Charge of Quarters Runner
CQR Client Qualification Register
) announces that a total of 1,600,000 incentive share options have been granted to directors and a consultant pursuant to its Share Option Plan, subject to regulatory approval. The share options will be valid for a period of five years at an exercise price of $0.10 per share.

The grant to directors replaces 1,430,000 incentive share options previously issued of which 1,200,000 expired unexercised on February 10, 2005.

ABOUT CONQUEST

Conquest is exploring several gold projects in Ontario. These include the Alexander gold project at Red Lake, the King Bay gold project at Sturgeon Lake Sturgeon Lake may refer to:
  • Canada
  • Sturgeon Lake (Ontario), a lake in Ontario
  • Sturgeon Lake (Alberta), a lake in Alberta, west of Valleyview
, the Smith Lake gold project at Missanabie, and the Aurora, Sunday Lake and Nash Creek gold projects at Detour Lake.

At King Bay, Conquest is conducting an initial winter drill programme and at Aurora, located immediately south of the former Detour Gold Mine, joint venture partner Tradewinds Ventures Inc. (TSXV:TWD TWD

In currencies, this is the abbreviation for the Taiwan Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
) is conducting a winter diamond drill programme comprising an initial 2,000 metres in 8 planned drill holes.

Cash and short-term investments at December 31, 2004 amounted to approximately $1.6 million. There are currently 59,971,677 shares of Conquest issued and outstanding.

WARNING: The Company relies upon litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 protection for "forward-looking" statements.

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Conquest Resources Limited (TSX VENTURE:CQR)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 28, 2005
Words:239
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