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VanEck Vectors Global Alternative Energy ETF

Publié le 06 janvier 2010

Drilling Update on the Davidson Property - 329 metres of 1.25 g/t Gold Intersected

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Re:       News Release - Wednesday, January 06, 2010
Title:     Drilling Update on the Davidson Property - 329 metres of 1.25 g/t Gold Intersected
Vancouver, BC - Silver Quest Resources Ltd. (SQI-TSX.V) (the "Company") is pleased to provide an update on Richfield Ventures Corp's., ("Richfield") latest drill program which was completed in November 2009 on the Davidson Property, located approximately 110 kilometres southwest of Vanderhoof, BC. Richfield has the right to earn 75% of the Davidson Property, (see news release dated March 24, 2009) which forms part of Richfield's "Blackwater Project". Please see the company's website www.silverquest.ca for a property location map and a detailed project description.

Richfield recently released assay results for drill holes BW 58 and BW 59. BW 58 was collared across the boundary between ground optioned by Richfield from private parties and ground optioned from the Company. The bottom portion of the hole, including the intervals listed below, terminates on Silver Quest's Davidson property. The hole intersected massive andesite with lapilli tuff towards the bottom of the hole.

BW 59 is located entirely within the Company's Davidson property. It is a vertical hole collared about 270 metres northwest of BW 46 (1.06 g/t Au over 207.25 metres) and drilled to a 336.2 metre depth. This hole intersected siliceous breccia with small intervals of chloritized andesite and lapilli tuff. BW 59 averaged 1.25 g/t gold and 3.5 g/t silver across 329.2 metres.

Significant assay intervals relating to the Davidson option, as reported by Richfield, are:

DDH From (m) To (m) Width (m) Au g/t Ag g/t
BW 58 241 260.6 19.6 0.81 2.1
BW 58 242 246 4 1.79 3.6
BW 59 7 336.2 329.2 1.25 3.5
BW 59 incl. 20 253 233 1.42 2.5
BW 59 incl. 247 248 1 132 165
BW 59 incl. 310 312 2 8.6 34.8
BW 59 incl. 331 336.2 5.2 9.1 45

Widths reported are drill widths; true widths are unknown.

For further details on these and other drill results, please see Richfield's news release dated January 5, 2009.

This technical information in this news release has been reviewed by the Company's Vice President-Exploration, Mr. David Pawliuk, P.Geo.


SILVER QUEST RESOURCES LTD.

"Randy Turner"

Randy Turner, President

For further information please contact Investor Relations at 604-687-3959 or info@silverquest.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Copyright � 2010 SILVER QUEST RESOURCES LTD. (SQI) All rights reserved. For more information visit our website at http://www.silverquest.ca/ or send email to info@silverquest.ca ..
Message sent on Wed Jan 6, 2010 at 1:15:39 PM Pacific Time

VanEck Vectors Global Alternative Energy ETF
CODE : SQI.V
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Silver Quest Res. est une société d’exploration minière d'argent basée au Canada.

Silver Quest Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 55,5 millions (55,0 millions US$, 39,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 , et son plus haut niveau récent le 04 novembre 2011 à 1,28 .

Silver Quest Res. possède 47 442 200 actions en circulation.
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Dans les médias de VanEck Vectors Global Alternative Energy ETF
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2008 Annual report
2007 Annual Report
Annual Report 2006
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30/09/2009Grant of 1.000.000 stock options
24/04/2008GRANT OF 1.660.000 OPTIONS TO DIRECTORS AND EMPLOYEES
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13/01/2006GRANT OF 1.160.000 STOCK OPTIONS TO DIRECTORS AND OFFICERS
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