North Queensland Metals Limited

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to advise that it has completed the acquisition of the remaining 40% of the Pajingo gold mine in Queensland through the acquisition of HSK Gold Australia Pty Limited ("HSK Gold").

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that, as a result of acceptances it has received in respect of its takeover offer for North Queensland Metals Limited (ASX:NQM), it now has a relevant interest in more than 90% of the NQM shares. As at close of business last Friday, Conquest had a relevant interest in 90.48% of the NQM shares.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce an equity raising to raise gross proceeds of up to A$45 million. The equity raising comprises a placement to institutional investors to raise up to A$40 million for which Conquest has received binding commitments from a range of existing and new institutional investors and a share purchase plan to raise up to A$5 million.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that, based on the acceptances it has received in respect of its takeover offer for North Queensland Metals Limited (ASX:NQM) up to and including Friday 24 September 2010, it has obtained more than 50% of the NQM shares.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) announces that it has received notice from Acorn Capital Limited ("Acorn") that Acorn has advised its custodians to accept Conquest's takeover offer for North Queensland Metals Limited ("NQM") for Acorn's entire shareholding in NQM totalling 22,123,821 shares (or 11.04% of all the NQM shares).

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that yesterday it entered into a Share Purchase Agreement with Heemskirk Consolidated Limited (ASX:HSK) to acquire Heemskirk's 40% interest in the Pajingo gold mine.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) announces that it has declared its takeover offer ("Offer") for North Queensland Metals Limited (ASX:NQM) ("NQM") to be unconditional. The Offer provides both the certainty of a substantial cash return to NQM shareholders as well as the opportunity to participate in the potential future value of the combined company.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to release quarterly report for the period ended 30 June 2010.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) announces that it will increase its current takeover offer ("Offer") for North Queensland Metals Limited (ASX:NQM) ("NQM") by 5 cents cash per NQM share. NQM's founder, director and major shareholder, Mr Donald Walker, has agreed to accept the increased Offer in respect of a 19.9% shareholding in NQM.

Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) notes the announcements today by North Queensland Metals Limited (ASX:NQM) and Heemskirk Consolidated Limited (ASX:HSK) in relation to Heemskirk's proposed takeover offer for NQM.