Silver Quest Resources Ltd.
TSX VENTURE : SQI

Silver Quest Resources Ltd.

June 13, 2008 18:40 ET

Silver Quest Resources Ltd.: Update-Santa Rosa Project and Capoose-Silver Trend Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2008) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE:SQI) wishes to report on exploration activities on two of its core projects:

Mexico - Santa Rosa Project

Significant progress has been made on the Phase 2 reverse circulation drill program. To date eleven holes have been completed, comprising 1,160 metres, representing about 60% of the entire program. The Santa Rosa property, is located approximately 175 kilometres east of Hermosillo, Sonora, Mexico and represents a new discovery (fall 2008) of potentially bulk-tonnage silver-lead-copper mineralization consistent with a carbonate-replacement-deposit model. Multiple zones of mineralization have been tested by the recent drilling. Drilling of the Southeast zone encountered intense fracturing and faulting in three holes, and additional road building has been completed to establish new drill pads to test this target. The current drilling program is expected to be completed by the end of June.

Sample preparation is being conducted by ALS Chemex in Hermosillo, Sonora, with analysis completed by ALS Chemex in Vancouver, an ISO 9001:2000- and ISO 17025- accredited laboratory. Samples are taken on a 1.5 metre intervals (5 ft), crushed, pulverized and digested in a four-acid solution. All elements were analyzed by induced coupled plasma methods, and reported in parts per million. Over limits (200-plus ppm silver) are assayed by a four-acid digestion with conventional ICP-AES analysis (ME-OG62).

British Columbia - Capoose-Silver Trend Project

Early-stage exploration activities were initiated on the Capoose-Silver Trend project in late May. Currently a crew of 14 are on the site, completing geochemistry, geophysics and geological mapping. The Capoose-Silver Trend property is easily accessible by roads from nearby logging camps and is located approximately 185 kilometres west-southwest of Prince George, British Columbia. The Capoose property covers known mineralized zones and exploration targets indicative of a large disseminated silver-gold system. Previous exploration by Granges Inc. and Cominco Ltd. (now Teck Cominco Ltd.) from 1978 to 1984 outlined three zones of low-grade, disseminated silver-gold mineralization at shallow depths, amenable to open pit mining. The mineralization is hosted in garnetiferous rhyolite sills and hornfelsed argillite. Historical resources (see Press Release January 17, 2008) on zones 1 and 2 reported by Pan American Silver Corp. (1999 annual report dated April 17, 2000, on SEDAR), are stated to be 28.22 million tonnes averaging 36 grams per tonne silver and 0.34 grams per tonne gold (for contained metal of 32.66 million ounces of silver and 308,500 ounces of gold). This historical resource estimate completed by Pan American Silver Corp. was not compiled within the definitions and standards outlined in National Instrument 43-101, and the Company cautions that these historic resource estimates cannot be relied upon.

Prior to the current program, the Capoose property had not been explored since 1985. The current program covers the mineralized zones deposits and a soil geochemical anomaly, known as the "Silver Trend", extending for a strike length of 4.5 kilometres in a northeast direction. This extensive soil geochemical anomaly is defined by a two ppm silver threshold, and six principal targets defined with greater than five ppm silver. This entire geochemical trend represents an excellent exploration target to discover additional mineralization similar to the historical Capoose deposit.

Robert Weicker, Pgeo, is the qualified person as defined by National Instrument 43-101 for these projects, and has verified and supervised preparation of the scientific and technical information in this release.

"Silver Quest is an established Canadian junior exploration company with a focus on silver and gold projects, with 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 www.silverquest.ca."

SILVER QUEST RESOURCES LTD.

Randy C. Turner, Director

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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