Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

April 19, 2011 08:00 ET

Silver Quest Reports 82 Metres of 3.29 g/t Gold Intercepted at Davidson Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2011) - Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is pleased to report the drill results from the first five holes drilled in the recently-announced 20,000 metre drill campaign to expand the resources on the Davidson Gold Project, a joint venture with Richfield Ventures Corp., which is the operator of the joint venture. Silver Quest has a 25% interest in the joint venture. The project is approximately 110 kilometres southwest of Vanderhoof, BC.

Richfield has completed the first five vertical holes in the current drilling campaign. The best results were 82 metres of 3.29 grams/tonne ("g/t") gold in hold BW 135, which included a 15 metre intercept averaging 14.5 g/t gold.

The following highlights are from the announcement made by Richfield today.

Two holes, BW 135 and BW 138 are 77 and 177 metres respectively west of BW 59 (361 metres of 1.25 grams/tonne (g/t) Au within 455 metres of 1.03 g/t Au - see news release dated May 7, 2010). Three other holes, BW 137, BW 139 and BW 140, are in the historic Gold Zone some 350 metres northeast of BW 59.

The two central holes, BW 135 and BW 138, show good gold grades in the upper 250 metres. They amplify the higher grade central part of the deposit and expand the third near-surface, high grade zone. Both holes cut siliceous breccia for their length.

The three holes in the historic Gold Zone contain gold mineralization from collar to the bottom of the holes with higher grade sections. Good gold grades are seen in the upper 100 metres of BW 140 and below 350 metres in BW 139. The best grades in BW 137 are below 150 metres. BW 139 cuts siliceous breccia; the two northern holes cut dacite-andesite with lapilli tuff and siliceous sections.

DDHFrom (m)To (m)Intvl (m)Au g/tAg g/t
BW 13596178823.295.8
incl114158445.527.5
incl1431581514.5016.2
BW 135481770.362.7
BW 13518919780.321.6
BW 13520921560.471.8
BW 135233251180.302.0
BW 13715115870.7014.4
BW 137183197140.6911.5
BW 137245287420.549.1
BW 13821651631.027.3
BW 138172213410.582.3
BW 13823324070.825.3
BW 1396483191.206.5
BW 139127154270.361.9
BW 139159177180.523.3
BW 139267285180.361.8
BW 139292305130.321.5
BW 139361378174.136.0
incl36837688.999.6
BW 139398426280.336.0
BW 139435452.6317.630.7718.4
BW 1402396731.404.9
BW 140116159430.452.1
BW 140213229160.460.4

For locations of these five drill holes, please refer to the Richfield Ventures website at www.richfieldventures.ca and click on "Blackwater Gold Project". The Davidson Project is the northern portion of the Blackwater Gold Project.

David Pawliuk, P.Geo., Vice-President Exploration for Silver Quest is the Qualified Person, as defined by NI 43-101, for the Davidson Project and has reviewed the technical information in this release.

SILVER QUEST RESOURCES LTD.

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.

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