Quest Rare Minerals Acquires 33 Contiguous Claims in Newfoundland and Labrador

Quest Rare Minerals Ltd.(Quest) announces that it has acquired by map staking 33 contiguous claims over approximately 825-hectare area in Newfoundland and Labrador located immediately north and east of the Strange Lake Alkali Complex (SLAC) that straddles the border with Quebec. This forms a new licence directly bordering Quest's wholly-owned Alterra Property, a second license consisting of 30 contiguous claims totalling 750 hectares located partly in the SLAC and in the same province. Quest now has a total of 63 mineral claims in Newfoundland and Labrador.

The SLAC is believed to contain Rare Earth Elements (REE) mineralization within peralkaline granite-hosted pegmatites and aplites and, to a lesser degree, within intra-pegmatitic granites. The most anomalous zones of SLAC mineralization occur in the B-Zone REE mineral deposit in Quebec and the Main Zone REE mineral deposit in Labrador. The latter is in Exempt Mineral Lands (EML), an area currently closed to staking and exploration. However, with the new acquisition and in combination with existing claims owned by the company, Quest now owns all mineral properties adjacent to the EML in Quebec and in Newfoundland and Labrador.

View map of Quest mineral claims in the vicinity of its Strange Lake project

ABOUT QUEST

Quest is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest's Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest's efficient, eco-friendly "Selective Thermal Sulphation (STS)" process.

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