I FOUND A FIX!
(Example assumes Steam library is in C:\Steam)
First, uninstall BattleEye by going to and clicking here:
C:\Steam\steamapps\common\Conan Exiles\ConanSandbox\Binaries\Win64\BattleEye\Uninstall_BattlEye.bat
Next, reinstall it from here:
C:\Steam\steamapps\common\Conan Exiles\ConanSandbox\Binaries\Win64\ConanSandbox_BE.exe
If the game launches, exit it.
Next, go into this folder and DELETE all the files:
C:\Steam\steamapps\common\Conan Exiles\ConanSandbox\Saved\Logs
Finally, in that same folder, right click and create a new FOLDER named:
SilentEvents.log-upload-0
(making a folder with this name prevents the game from writing a log file here with the same name)
That’s it. Load up the game, you “should” be stable and not freeze/lockup every 3 minutes like I was!
This fix was found in a Win7 thread (even though I like most people are running Win10) that’s very active right now. Kudos to Illidan for it!
Hope this helps everyone get back into their game!