Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

January 15, 2010 17:00 ET

Silver Quest Intersects 24 Metres of 46.7 g/t Silver at the Capoose Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Jan. 15, 2010) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to report assay results for the remaining six diamond drill holes completed during the fall 2009 drill program on the Capoose Project located 185 km southwest of Prince George, British Columbia ("Capoose"). For property details and maps, including a drill hole location map, please visit the Company's website www.silverquest.ca.

Drill holes D-09-101 and D-09-103 were drilled to test the possible north and west extensions of mineralization intersected in hole D-08-091 (news release December 11, 2008) and the area northeast of Zone 2. 

Drill holes D-09-102 and D-09-104 were drilled to test geochemical soil anomalies of 300 parts per billion (ppb) gold and 7.9 grams per tonne (g/t) silver and 150 ppb gold and 7.1 g/t silver respectively in the area between Zone 1 and Zone 2. 

Drill holes D-09-105 and D-09-106 were drilled to test the southern extent of Zone 2 mineralization. D-09-105 was abandoned in a fault zone before reaching the target depth. 

Silver and gold mineralization at Capoose is associated with disseminated sulphide minerals. The Company plans to continue to expand the known limits of mineralization with an extensive drill program during 2010.

Significant assay intercepts include:

Drill Hole From (m) To (m) Width (m) Gold (g/t) Silver (g/t)
D-09-101 5 17 12 0.04 9.2
D-09-102 44 68 24 0.59 26.8
  Including 47 56 9 1.04 28.0
  And 119 143 24 0.84 46.7
  And 194 212 18 0.32 21.9
D-09-103 nsv*        
D-09-104 47.2 59 11.8 0.38 12.0
D-09-105 nsv*        
D-09-106 22 25 3 0.06 27.8
Note: nsv* = No Significant Values
 Drill intercept widths reported above may not represent the true width of the mineralized intervals.

Drill core analysis and assaying were conducted by Stewart Group Global - Eco Tech Laboratory in Kamloops, BC which is an International Standard ISO 9001:2000-certified laboratory. The core samples were analyzed using a 28-element ICPMS package with a 30-gram fire assay with AA finish for over limit (plus one gram per tonne) gold and (plus 30 grams per tonne) silver concentrations. The Company has implemented a quality assurance and control program to ensure that sampling and analysis of all samples is conducted in accordance with the best possible practices. Diamond drilling was carried out by Driftwood Diamond Drilling Ltd. of Smithers, BC.

David Pawliuk, P. Geo. is the qualified person, as defined by National Instrument 43-101, for the Capoose-Silver Trend project and supervised the preparation of the technical information in this release.

SILVER QUEST RESOURCES LTD.

"Randy Turner"

Randy Turner, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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