Conquest Closes Over Subscribed $3,110,000 Subscription Receipt Financing and $1,300,000 Strategic Investment by Kirkland Lake Gold

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Toronto, Ontario–(Newsfile Corp. – September 16, 2020) – Conquest Resources Limited (TSXV: CQR) (“Conquest” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered subscription receipt financing to raise gross proceeds of $3,110,000 (the “Non-Brokered Financing”), and a separate concurrent subscription receipt financing with Kirkland Lake Gold Ltd. (TSX: KL) (NYSE: KL) (ASX: KLA) to raise gross proceeds of $1,300,000 (the “KL Financing”).John Kearney, Chairman of Conquest stated, “We are very pleased with the strong interest in our financings and, in particular, we welcome Kirkland Lake as a strategic shareholder. We look forward to completing the acquisition of Canadian Continental Exploration Corp., following which the enlarged Conquest will own a unique and very prospective portfolio of exploration properties in some of the most well-known mining camps in Ontario. Conquest will be well capitalized with over $5 million in cash and we look forward to beginning our drill program in October.”Kirkland Lake Strategic Investment In connection with the KL Financing, Conquest has issued 10,000,000 subscription receipts (the “KL Subscription Receipts”) to Kirkland Lake Gold Ltd. (“Kirkland Lake”) at a price of $0.13 each to raise gross receipts of $1,300,000. Each KL Subscription Receipt entitles the holder to acquire one unit of …

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