Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

November 30, 2009 08:30 ET

Silver Quest Intersects Gold and Silver on Capoose Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2009) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to report assay results for diamond drill holes D-09-107, D-09-108, D-09-109 and D-09-110, completed during the 2009 fall drill program on the Capoose-Silver Trend ("Capoose") Project, located 185 km southwest of Prince George, British Columbia. For further details and property maps, including a drill hole location map, please visit the Company's website www.silverquest.ca.

Drill hole D-09-107 intersected significant high-grade silver mineralization, including 6 m grading 103 grams per tonne (g/t) silver and 1.14 g/t gold. This hole extends known mineralization to the northwest of Zone 2. D-09-108 intersected only weak mineralization throughout the entire drill hole and was collared 100 metres north of D-09-107. Drill holes D-09-109 and D-09-110 were inclined holes drilled from the same collar location within Zone 2. Assay results from drill hole D-09-109 extend gold and silver mineralization to the west. Assay results from drill hole D-09-110 indicate mineralization from surface to the end of the hole, and significantly extend the mineralized zone at depth and to the east. Assay values, reported below, confirm that Zone 2 mineralization is open in all directions and at depth. The Company plans to expand the known limits of mineralization with an extensive drill program during 2010.

Significant assay intercepts include:

Drill HoleFrom (m)To (m)Width (m)Gold (g/t)Silver (g/t)
D-09-1073100970.2716.8
   including7388150.8163.7
   including828861.14103.0
D-09-10839794Not Significant3.6
D-09-109475710.613.1
   including3856181.094.8
D-09-11031511481.355.6
   including100124242.158.0
   and14515162.1814.0

Note: Widths may not represent true widths

Assay results from the eight remaining drill holes on the property will be released when they become available to the Company.

Soil sample analyses were performed by Eco Tech Laboratory in Kamloops, BC, which is an International Standard ISO 9001:2000-certified laboratory. The 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 Drilling of Smithers, BC.

David Pawliuk, P. Geo. is the qualified person as defined by National Instrument 43-101 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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