Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

February 25, 2011 13:25 ET

Silver Quest Appoints New Board Member

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) - Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is pleased to announce the appointment of Mr. Louis Montpellier to its board of directors.

Mr. Montpellier is a director and officer of a number of mineral exploration and development companies, including Exeter Resource Corporation, has been practicing law in Vancouver, British Columbia since 1981 and since 1983 has worked exclusively in the capital markets with exploration and mining companies.

Mr. Montpellier has guided numerous companies through an entire spectrum of corporate finance activities, from accessing seed capital for private companies through to IPO's and subsequent public and private financings; through mergers and acquisitions, hostile and friendly take-over bids, proxy contests, corporate reorganizations and arrangements.

"Louis' many years of experience will be invaluable to Silver Quest as it continues to advance and expand its property portfolio," said Randy Turner, President.

The Company also wishes to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 2,300,000 common shares under the Company's Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on February 25, 2011, exercisable at a price of $0.55 per share. Fifty percent of these options will vest immediately and fifty percent will vest on August 25, 2011.

SILVER QUEST RESOURCES LTD.

"Randy Turner"

Randy Turner, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Silver Quest Resources Ltd.
    Investor Relations
    604-687-3959
    604-687-1448 (FAX)
    info@silverquest.ca