Conan Exiles developer Funcom will be announcing a new game next week on February 28, and have released a teaser site for the game. It seems to be related to another popular IP the studio picked up later last year, Mutant Chronicles.
The Chronicles of Conan... Exiles Patch Notes
Hear the lamentation of their women on May 8 as Conan Exiles releases
You can check out the teaser site for the game here. It certainly doesn't seem to be related to the Conan series, but as Funcom picked up the rights to all IP owned by Heroic Signatures it is more likely related to the popular tabletop RPG Mutant Chronicles and its spin-off Warzone, as suggested by the quote on the page:
"Booze helps when coming back from the Zone, but it does not last…"
In the Mutant Chronicles universe, Earth is a depleted wasteland called Dark Eden following a global apocalypse, and mankind has ventured out into the stars - with five huge megacorporations vying for control. It can described as steampunk or dieselpunk, and yes - there was a terrible movie based on it starring Ron Perlman, Thomas Jane and John Malkovich.
We'll have more to go on when the game is announced next week, but the first big question is if Funcom themselves are developing the game? They've already said they had a game from a third-party developer which will be announced this year, could this be it?