Quest Developments

A Message from the VP of Operations, Colin Lindsay

September sees the closing out of a number of very important engineering investigations relating to the Strange Lake site that are necessary for the completion of the Feasibility Study.

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Heavy Rare Earth Element Demand
Outlook to 2020

(Shaw & Chegwidden, 2012)

98% NdFeB growth driven by consumer electronics, automotive, air conditioning, and electric bicycles

Electronics: REE demand expected to grow by 6-8% py over the next 8 years. Accelerated growth is expected after 2016

LCD Screens: REE demand expected to grow by 6-8% py over the next 5 years

Wind Turbines: There was a global growth of 27% py between 2000-2011

Hybrid Electric Vehicles: Production of HEVs is expected to reach 3.2 to 9.2M by 2020 from the current 1.1M

Phosphors: Demand for REEs used in phosphors are expected to grow at 6-8% to 2017 (Metal-Pages, August 2012)

References
Shaw, S., Chegwidden, J. (2012). Global drivers for rare earth demand. Roskill Information Services (August).

Recent Press Release

Quest Rare Minerals Mobilizes Crews to Commence Strange Lake and Misery Lake Programs, Quebec
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Marketwire

About Quest Rare Minerals

Quest Rare Minerals Ltd. is a Canadian-based, exploration company focused on the identification and discovery of new world-class Rare Earth deposit opportunities. The Company is publicly-listed on the TSX Exchange and NYSE MKT as �QRM� and is led by a highly-respected management and technical team with a proven mine-finding track record. Quest is currently advancing several high-potential rare earth projects in Canada�s premier rare earth exploration areas: the Strange Lake and Misery Lake areas of northeastern Qu�bec. Quest continues to pursue high-value project rare earth opportunities throughout North America.



Please visit www.questrareminerals.com