Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

October 20, 2009 08:30 ET

Silver Quest Resources Ltd.: Capoose-Silver Trend, BC-Assay Results From Drill Hole D-09-100

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) is pleased to report assay results for diamond drill hole D-09-100, the first of thirteen holes completed during the 2009 fall drill program on the Capoose–Silver Trend ("Capoose") Project (see Press Release October 14, 2009 for drill program details). Diamond drilling was carried out by Driftwood Drilling of Smithers, BC. For further details and property maps, including a drill hole location map please visit the Company's website www.silverquest.ca.

Drill hole D-09-100 intersected two zones of significant mineralization. An upper silver zone grading 67.9 g/t silver and 0.26 g/t gold across 16 metres was intersected from 54 to 70 metres depth. A second zone grading 23.1 g/t silver and 1.99 g/t gold across 30 metres, from 99 metres to 129 metres depth, was intersected. Within this zone, a higher grade zone yielding 61.8 g/t silver and 4.72 g/t gold across 9 metres, from 99 metres to 108 metres depth was intersected. Note that the above intersections are drill hole intercepts, and may not represent true widths.

Assay values confirm the historic results reported for D-84-79 by Granges Inc. at Capoose (Granges Inc. Summary Report Capoose Property, November 1991). Drill hole D-84-79 located at the south end of Zone 1, reportedly intersected 12.2 metres of 21.53 grams per tonne (g/t) silver and 1.48 g/t gold. Drill hole D-09-100 drill hole was collared 19 metres due west of D-84-79 and inclined at -60 degrees to the west (270 degrees).

The mineralized intercepts in drill hole D-09-100 indicate that Zone 1 at Capoose is open along strike to the south, and that the south end of Zone 1 contains higher than average gold concentrations for the zone.

Drill core analysis and assaying is conducted by 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.

Pending assay results from the twelve remaining drill holes, and the results from the summer geochemical soil sampling survey on the property will be released when they become available.

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, 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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