hole 148 reveals exceptional grades

ASX RELEASE
9 February 2007
Hole 148 Reveals Exceptional Grades
Conquest Mining Limited (ASX code : CQT) is pleased to announce that it has received the
final assays for the last diamond hole completed in the 2006 drilling program at the Silver
Hill Deposit.
Hole HC06RCD148 was drilled to twin percussion hole HC06RC116 which ended in
mineralisation (88-119m, 31m at 3.79 g/t gold, 5.8 g/t silver, 0.05% copper). These holes
are located 50m east of hole 74, and 75m east of holes 124 and 125. All of these holes
intersected high grade gold mineralisation, and this final result both confirms the grade and
adds to confidence in the geological resource. Most notably, the diamond hole has
extended the zone from 119m to 144m depth.
Deeper mineralisation was also intersected in hole HC06RCD132 and included 6m at 3.79
g/t gold from 217m depth. Combined with high silver and moderate copper values this has a
gold equivalent of 5.5 grams. This hole is located about 100m north east of V2 Hill, and
confirms good mineralisation below the relatively shallow RC holes 121 and 122.
HIGHLIGHTS
Diamond Holes
HC06RCD148 80.2-144.0m 63.8m @ 6.04g/t gold, including 6.1m @ 30.2
g/t gold, and also 1m @ 101 g/t gold and 155
g/t silver, and 1m @ 120 g/t gold and 21.8 g/t
silver.
HC06RCD132 217.0-223.0m 6.0m @ 3.79g/t gold, 51g/t silver, and 0.36%
copper
Holes 132 and 148 are significant additions to the resource.
Final 1 metre assays are still awaited for a number of the RC holes, which have previous
reported 4m results in the Company’s announcement dated 29 January 2007.

Figure 1: Drill Hole Location Plan – with hole collars coloured by gold equivalent grade x
intersection meter width.
Figure 2: Photo of Silicified breccia with sulphide matrix from 120 gram interval in hole
HC06RCD148 (130-131m)

Table 1: December 2006 Significant Drill Intersections
Drill Hole Coordinates Significant Intervals Gold
AMG N AMG E Set up Depth Equivalent
m m Dip/Azi m Diamond Holes g/t
HC06RCD132 7758191 559125 -60 / 0T 301.4 159.0-164.0m; 5.0m @ 0.89g/tAu, 1g/tAg, 0.02%Cu 0.95
197.0-209.0m; 12.0m @ 0.83g/tAu, 15g/tAg, 0.17%Cu 1.47
217.0-223.0m; 6.0m @ 3.79g/tAu, 51g/tAg, 0.36%Cu 5.53
290.0-297.0m; 7.0m @ 0.45g/tAu, 31g/tAg, 0.08%Cu 1.23
HC06RCD148 7758046 559115 -60/180T 249.0 80.2-144.0m; 63.8m @ 6.04g/tAu, 8g/tAg, 0.14%Cu 6.48
incl.127.0-133.1m; 6.1m @ 30.2g/tAu, 16g/tAg, 0.47%Cu 31.4
also 130-131m; 1m @ 120g/tAu, 21.8g/t Ag, 0.60%Cu 122
also 91-92m; 1m @ 101g/tAu, 155g/t Au, 0.16%Cu 104
NOTES:
Calculated Gold Equivalent grade is based on 1 gram gold = 50 grams silver = 0.5% copper
+ denotes holes with 4m composite results awaiting 1m ore grade assays.
* denotes hole that ended in mineralisation.
About Conquest Mining
Conquest Mining is a Perth-based mining exploration company focused on discovering low
cost gold and silver resources. Exploration at Mt Carlton has delivered resources at a cost of
$6 per ounce of gold compared with an Australian average of $60 to $70 per ounce for
grass-roots exploration.
John Terpu
Managing Director
This report is based on and accurately reflects information compiled by Mr Peter Rea, BSc., Msc, MAIG, who is a full
time employee of the Company. Mr Rea has sufficient experience which is relevant to the style of mineralization and
type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves. Mr Peter Rea consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.