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Silver Quest Resources Ltd.

11:53 AM EST - Silver Quest Resources Ltd. : announced that it has entered into an option agreement to acquire an additional five mining claims covering approximately 800 hectares contiguous to its existing claims at its Slate Falls gold exploration project in northwestern Ontario. The project is located 120 km north of Sioux Lookout and 30 km southwest of the Golden Patricia Mine. In October, the Company announced multiple high grade gold showings up to 177.24 grams per tonne (g/t) gold and 1,120 g/t silver from a sampling program carried out on its three existing claims at Slate Falls. The acquisition of these additional claims will bring the Company's total holdings in the area to approximately 1,570 hectares. Silver Quest Resources Ltd. shares V.SQI are trading down $0.01 at $0.65.