Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

October 14, 2009 15:58 ET

Silver Quest Resources Ltd.: Drilling Completed on Capoose-Silver Trend Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to report that a 13 hole (1,692m) diamond drill program has been completed on the Capoose-Silver Trend project, located approximately 185 kilometres by road, west-southwest of Prince George, British Columbia (see www.silverquest.ca for property details and location).

The Capoose-Silver Trend property covers three zones of disseminated silver and gold mineralization and a 4.5 kilometre long geochemical anomaly. Historical resources on Zones 1 and 2 (previously reported by Pan American Silver Corp. dated April 17, 2000 on SEDAR) are stated to be 32.66 million ounces of silver and 308,500 ounces of gold (consisting of 28.22 million tonnes averaging 36.0 grams per tonne (g/t) silver and 0.34 g/t gold).

This historical resource estimate completed by Pan American Silver Corp. was not compiled within the definitions and standards outlined in National Instrument 43-101. As the Company has not completed an updated resource estimation, it cautions that the historical resource estimate cannot be relied upon.

The recently completed drill program was designed to test multiple targets including the southern extensions of both Zone 1 and Zone 2. The program also tested for expansion of the mineralized zone intersected in hole D-91 which, during the 2008 drill program, returned 240.0 metres averaging 45.4 g/t silver and 0.76 g/t gold. Included in this intercept were two upper zones of higher grade silver mineralization, including an 18.0 metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and a 34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold. Other targets included the eastern down-dip projection of hole D-89, also drilled during 2008, which returned 10.4 metres averaging 80.40 g/t silver and 1.89 g/t gold from a depth of 19.0 metres. Drill core from all 13 drill holes is currently being logged and sent to Eco Tech Laboratory in Kamloops, BC for analyses. Results will be reported upon receipt of the data.

David Pawliuk, P.Geo. is the qualified person, as defined by National Instrument 43-101, for the current drill program on the Capoose-Silver Trend Property 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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