Great Quest Metals Ltd.
TSX VENTURE : GQ
FRANKFURT : GQM

Great Quest Metals Ltd.

July 02, 2008 17:11 ET

Great Quest's 2008 Drill Program on the Taseko Property to Start by July 7, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX VENTURE:GQ)(FRANKFURT:GQM), is pleased to announce the start of the 2008 summer drill program on the copper-gold-molybdenum Taseko property, 225 km north of Vancouver, BC, by Monday, July 7, 2008. The objective of the program is to increase the mineral resource in the Empress deposit and start building a mineral resource in the Granite Creek and Buzzer areas. The Company plans to drill-test four targets, which include molybdenum in the Granite Creek zone, copper-gold in and around the Empress deposit and copper-molybdenum-gold west of the Buzzer zone.

Drilling is scheduled to start on the Granite Creek area to delineate molybdenum mineralization intersected in 1991 and again in 2007. Drill Hole 91-49 intersected 0.029% molybdenum over 133 metres in 1991, and Drill Hole 07-60, located 70 metres northwest of 91-49, intersected 75.9 metres of 0.027% Mo from 94.5 to 170.4 metres in 2007. The Company plans to drill east and southeast of these drill holes in an area of a ground magnetic low.

The second area to be drilled will be the Empress deposit, which is 150 metres south of the Granite Creek zone. The Empress deposit has a historical mineral resource of 11,078,000 tons of 0.61% copper and 0.023 ounces per ton gold. The deposit consists of 3 zones, all of which are open to the east in intensely altered volcanics. The Company plans to expand the mineral resource to the east. As the mineral resource study predates NI 43-101, it must be declared that the potential quantity and grade is conceptual in nature; there has been insufficient exploration to define a mineral resource; and it is uncertain that further exploration will result in the target being delineated as a mineral resource. The Company also plans to advance the Empress deposit to a NI 43-101 compliant state.

Ellen MacNeill (P.Geol), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.

Willis W. Osborne, President

12g3-2(b) Exemption #82-3116

Standard & Poor's Listed

The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from the targeted results.

The TSX Venture Exchange has neither approved nor disapproved the information enclosed in this release.

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