Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

October 29, 2009 09:00 ET

Silver Quest's Partners Intersect Gold and Silver on the Davidson Property, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Silver Quest Resources Ltd. (TSX VENTURE:SQI) (the "Company") is pleased to provide an update on Richfield Ventures Corp's., ("Richfield") drill program currently being conducted on the Davidson Property, located approximately 110 kilometres southwest of Vanderhoof, BC. Richfield has the right to earn 75% of the Davidson (see news release dated March 24, 2009) and the Davidson Property forms part of Richfield's "Blackwater Project". Please see the company's website www.silverquest.ca for a property location map and a detailed project description.

Richfield has completed fifteen diamond drill holes totaling 2,488 metres. Thirteen of these drill holes are collared on the Davidson property, including five holes previously reported on by Silver Quest (see news release October 1, 2009).

Selected highlights from the latest eight drill holes collared on the Davidson property are below. For further details on these and other drill results please see Richfield's news releases dated October 16, 2009 and October 28, 2009.

  • Hole BW 49, intersected 25 metres of 0.5 g/t gold and 6.9 g/t silver including 2 metres of 2.36 g/t gold and 41.90 g/t silver
  • Hole BW 50, intersected 6 metres of 0.28 g/t gold and 4.80 g/t silver
  • Hole BW 51, intersected 47.14 metres of 0.31 g/t gold and 4.2 g/t silver, including 6.14 metres of 0.85 g/t gold and 8.0 g/t silver
  • Hole BW 52, intersected 57.9 metres of 0.2 g/t gold and 2.3 g/t silver
  • Hole BW 53, intersected 5 metres of 0.91 g/t gold and 0.40 g/t silver
  • Hole BW 54, intersected 11 metres of 0.64 g/t gold and 2.1 g/t silver
  • Hole BW 55, intersected 65 metres of 1.02 g/t gold and 3.6 g/t silver including 7 metres of 4.0 g/t gold and 8.7 g/t silver and 1 metre of 19.8 g/t gold and 28.9 g/t silver
  • Hole BW 56, intersected 6.57 metres of 0.04 g/t gold and 10.1 g/t silver

*Note: The top of hole BW 53, to an approximate depth of 82 metres is located on the Davidson Property

Richfield anticipates results for three further drill holes (BW 57 – BW59), including two on the Davidson property, in early November. Silver Quest will update shareholders as results are released to us.

Randy Turner, P.Geo., has reviewed the content of 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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