Silver Quest Resources Ltd.

Silver Quest Resources Ltd.

April 18, 2007 15:32 ET

Silver Quest Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE:SQI) is pleased to announce the appointment of Mr. Mark J. Morabito to the Company's Board of Directors.

Mr. Morabito is President & CEO of Crosshair Exploration & Mining Corp., and Target Exploration and Mining Corp. Under his stewardship, Crosshair has evolved into a leading uranium explorer in the highly prospective Central Mineral Belt of Labrador. Crosshair is budgeting exploration expenditures of $8 million in 2007, has a market capitalization in excess of C$200 million and a treasury in excess of $14,000,000. Since taking over the helm at Crosshair in 2003, Mr. Morabito has been directly responsible for Crosshair raising in excess of $32,000,000, with the majority of those funds being contributed by institutional investors. Mr. Morabito previously practiced corporate securities and finance law and has over 15 years experience in public markets with a focus on capital-raising and corporate development in the junior mining sector. Mr. Morabito is a graduate of the Faculty of Law, University of Western Ontario and is a member of the bar in British Columbia and Ontario.

"Mark is a welcome addition to our board," says President & CEO Robert F. Weicker. "We look forward to benefiting from his insight and strategic advice on the development of Silver Quest's current properties, future transaction structures and capital raising endeavours. Along with his legal and business expertise, the addition of Mr. Morabito provides the Company with an active and extensive network of investors and industry analysts that should broaden the Company's exposure, both in Canada and internationally."

The Company also wishes to announce that it has granted this director stock options to purchase a total of 100,000 common shares at $0.50 per share exercisable for a period of five years commencing April 18, 2006.

Silver Quest is an established Canadian junior exploration company with a focus on silver and gold projects, with ten mineral properties in B.C., Ontario, Yukon, Nevada USA and Sonora, Mexico. For Silver Quest property locations and information, visit the Company's web site at


Robert Weicker, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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