CoreQuest Resources Inc.

CoreQuest Resources Inc.

November 28, 2007 09:30 ET

CoreQuest Resources Inc. Acquires Large Land Holdings in Quesnellia Terrane, Northern & Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - David Pow, PEng., President of CoreQuest Resources Inc. ("CoreQuest") is pleased to report the completion of the mineral tenure acquisition project that began in early November in the Quesnel Trough region of north and central British Columbia, Canada. The Quesnel Trough is widely recognized as highly prospective for a number of different mineral deposit types, including large bulk-tonnage porphyry copper and porphyry copper-gold deposits such as Mt. Polley and Mt. Milligan. Significant land holdings are held in the Quesnel Trough by other active exploration companies, including RimFire Minerals, NovaGold Resources, Fjordland Minerals, Serengeti Resources, Geoinformatics Exploration and Peak Geological.

CoreQuest has acquired nineteen individual claim blocks totaling approximately 125,000 hectares over a large area which stretches from south of Quesnel to northeast of Fort St. James, B.C. CoreQuest principals believe they now possess a large and diverse package of claim groupings in an area over which Geoscience BC is expected, in early 2008, to release new airborne electromagnetic and gravity data collected through the $5.75 million dollar QUEST survey.

CoreQuest will now begin a detailed evaluation and full appraisal of the properties to identify an exploration strategy unique to each claim block, taking into account the prospectivity of the underlying geological units, the regional structural and tectonic setting and known mineral occurrences and deposit types. CoreQuest expects this work to be completed in early December 2007 after which financing will be secured and final detailed exploration plans made for the coming 2008 field season.


CoreQuest Resources Inc. and its exploration affiliate, CoreQuest Exploration Inc., are private Canadian junior exploration companies with a goal to acquire and develop a portfolio of highly prospective mineral exploration properties in British Columbia. CoreQuest looks to capitalize on federal and British Columbia exploration and mining taxation incentives and specific regional economic incentives to accelerate its exploration programs in light of current world commodity prices for precious and base metals. CoreQuest provides a complete in-house approach to mineral exploration and development with a proven team of geological, mining and finance professionals with over 60 years of exploration and mining experience, in both the private and public sector.

Forward Looking Statements

This document contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of services and materials relevant to the mineral exploration and mining industry, change in government and changes to regulations affecting the mineral exploration and mining industry. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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