Silver Quest Resources Ltd.

Published : September 21st, 2009

Drill Program Commences on the Capoose-Silver Trend Project

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Re:   News Release - Monday, September 21, 2009
      Drill Program Commences on the Capoose-Silver Trend Project
=======================================================================

Silver Quest Resources Ltd. (the "Company") is pleased to report that a
diamond drill program has commenced on the Capoose-Silver Trend
project, located approximately 185 kilometres by road, west-southwest
of Prince George, British Columbia (see www.silverquest.ca for property
details and locations).
 
The Capoose-Silver Trend property, comprises 15 claims on 6,634
hectares, and covers three zones of disseminated silver and gold
mineralization and a 4.5 kilometre long geochemical anomaly.
Historical resources on Zones 1 and 2 (previously reported by Pan
American Silver Corp. dated April 17, 2000 on SEDAR) are stated to be
32.66 million ounces of silver and 308,500 ounces of gold (consisting
of 28.22 million tonnes averaging 36.0 grams per tonne (g/t) silver and
0.34 g/t 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. As the Company has not completed a updated
resource estimation, it cautions that the historical resource estimate
cannot be relied upon.

The proposed drill program will be a minimum of 10 holes (1,500 metres)
and is designed to test multiple targets as well as to test the southern
extensions of both Zone 1 and Zone 2.  Results from twelve intersections
in ten holes from last year's (2008) drill program returned a weighted
average of 49.7 metres grading 40.0 g/t silver and 0.53 g/t gold.
This represents an 11.0% higher grade for silver and a 55.4% higher grade
for gold, than the average historical resource grade. 
 
The program will also further test for expansion of the mineralization
intersected in hole D-91 (2008) which returned 240.0 metres averaging
45.4 g/t silver and 0.76 g/t gold.  Included in this intercept were two
upper zones of higher grade silver mineralization, including an 18.0
metre intercept averaging 157.50 g/t silver and 0.59 g/t gold and; a
34.0 metre intercept averaging 81.8 g/t silver and 0.96 g/t gold.
Other targets include the eastern down-dip projection of hole D-89
which returned 10.4 metres averaging 80.40 g/t silver and 1.89 g/t gold
from a depth of 19.0 metres.
 
David Pawliuk, P.Geo., is the onsite qualified person for the current
drill program, and Robert Weicker, P.Geo., is the qualified person, as
defined by National Instrument 43-101, for the Capoose-Silver Trend
project and supervised the preparation of the technical information in
this release.
 
SILVER QUEST RESOURCES LTD.
 
"Randy Turner"
 
Randy Turner, Chairman
 
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 (c) 2009 SILVER QUEST RESOURCES LTD. (SQI)  All rights
reserved.  For more information visit our website at
http://www.silverquest.ca/ or send mailto:info@silverquest.ca
=======================================================================
.
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Silver Quest Resources Ltd.

CODE : SQI.V
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Silver Quest Res. is a silver exploration company based in Canada.

Silver Quest Res. is listed in Canada. Its market capitalisation is CA$ 128.7 millions as of today (US$ 127.6 millions, € 91.8 millions).

Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.02, and its highest recent level on November 04, 2011 at CA$ 1.28.

Silver Quest Res. has 109 983 000 shares outstanding.

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In the News and Medias of Silver Quest Resources Ltd.
1/21/2008Company Interview
Annual reports of Silver Quest Resources Ltd.
2008 Annual report
2007 Annual Report
Annual Report 2006
Financings of Silver Quest Resources Ltd.
7/21/2011Closes First Tranche of Private Placement for Gross Proceeds...
8/9/2010Announces $5.5 Million Private Placement
12/30/2009Closes Private Placements totaling $1.4M
9/18/2009Closes Private Placements - CORRECTION
9/16/2009Closes Private Placements totaling $1.05M
8/10/2009Announces $ 1.3 Million Private Placement
2/29/2008$2.25 Million Non-Brokered Private Placement
8/31/2007Cancellation of Private Placement
8/7/2007$1.2 Million Non-Brokered Private Placement
Option Grants of Silver Quest Resources Ltd.
2/27/2011GRANT OF 2.300.000 OPTIONS
6/5/2010500,000 Options Granted
3/12/20101.000.000 options granted
12/21/2009900,000 Options Granted
11/2/2009Grants 100,000 options to Grandich Publications
9/30/2009Grant of 1.000.000 stock options
4/24/2008GRANT OF 1.660.000 OPTIONS TO DIRECTORS AND EMPLOYEES
4/18/2007GRANT OF 100.000 OPTIONS TO A NEW DIRECTOR
1/13/2006GRANT OF 1.160.000 STOCK OPTIONS TO DIRECTORS AND OFFICERS
Nominations of Silver Quest Resources Ltd.
2/27/2011APPOINTMENT OF MR. LOUIS MONTPELLIER AS NEW BOARD MEMBER, G...
8/9/2010Appoints Investor Communications Manager
4/22/2010Appoints New Director
12/3/2009Announces Senior Appointments
11/2/2009Announces PR & Marketing Contract
9/29/2009 appointment of Randy Turner as President and CEO
4/19/2007Appoints New Director
Project news of Silver Quest Resources Ltd.
8/31/2011(Davidson)Approves A 75 Hole Diamond Drill Program At The Davidson Joi...
8/30/2011Exploration Update On Silver Quest's BC Programs
7/26/2011(3ts)Discovers Mineralized Vein Float On The 3Ts Project, BC
6/8/2011(3ts)Commences Exploration on the 3Ts Project, B.C.
5/12/2011(3ts)Announces Amended Terms to Tsacha Agreement, 3Ts Project, BC
5/10/2011(Davidson)Announces 23m of 9.14g/t gold and 15m of 9.30g/t gold interc...
4/19/2011(Davidson)Reports 82 metres of 3.29 g/t Gold Intercepted at Davidson P...
4/8/2011(Capoose)Reports Significant Geochemical Results from Capoose Project...
4/5/2011(Davidson)Commences Drilling on Davidson Property, BC
3/29/2011(Davidson)Executes Formal Joint Venture Agreement on Davidson Property...
3/29/2011(Boulevard)Acquires 80 Claims to Expand the Boulevard Property, Yukon
3/22/2011(Wit Yukon)Acquires WIT Gold Property, Yukon
3/3/2011(Capoose)2010 N 43-101 technical report
3/3/2011(Capoose)Files 43-101 Report on Capoose Property
1/21/2011(Prospector Mountain)Intercepts Gold Mineralization at Prospector Mountain, Yukon
8/6/2010(Capoose)Intercepts Gold And Silver At Capoose, BC
7/15/2010(Capoose)Provides Drilling Update On Capoose Project, BC
7/13/2010(Boulevard)Defines New Anomalies at Boulevard and Increases Land Positi...
6/16/2010(Boulevard)Commences Drilling At Boulevard, Yukon
6/15/2010(Capoose)Commences Drilling at Capoose Project, BC
6/3/2010(Boulevard)Begins Yukon Exploration Program
5/7/2010(Davidson)Davidson Property Drill Results
4/21/2010(Davidson)Follow-up Drilling Commenced on Davidson Property
4/1/2010(Capoose)Approves $2.2 Million for Capoose Project
3/4/2010(Capoose)Announces NI43-101 Resource Estimate for Capoose Project
2/24/2010(Davidson)Davidson Property 2010 Exploration Program Announced
1/16/2010(Capoose)intersects 24 metres of 46.7 g/t Silver at the Capoose Proje...
1/6/2010(Davidson)Drilling Update on the Davidson Property - 329 metres of 1.2...
11/30/2009(Capoose)Intersects Gold and Silver on Capoose Project, BC
11/17/2009(Boulevard)Reports Gold Values from Boulevard Project, Yukon
11/3/2009(Capoose)Samples 55.3 g/t Silver in Soil at Capoose-Silver Trend, BC
10/29/2009(Davidson)Partners Intersect Gold and Silver on the Davidson Property,...
10/27/2009(Capoose)Earns 60% in Capoose Property
10/14/2009(Capoose)Drilling Completed on Capoose-Silver Trend Property
10/1/2009(Davidson)Drilling Update on Davidson Property
9/21/2009(Capoose)Drill Program Commences on the Capoose-Silver Trend Project
9/16/2009(Boulevard)Exploration Update on the Yukon Projects
8/5/2009(Capoose)Drill Permitting on Capoose-Silver Trend Project
7/24/2009(Boulevard)Acquires the Boulevard Property, Yukon
12/12/2008(Capoose)New Drill Results from the Capoose-Silver Trend Project
8/1/2008(Capoose)Expands Capoose-Silver Trend Property
6/14/2008(Santa Rosa - Mexico)Santa Rosa Project and Capoose-Silver Trend Project
6/3/2008(Santa Rosa - Mexico)Phase 2 Drill Program Commences on Santa Rosa Property, Mexi...
7/4/2007(Santa Rosa - Mexico)Santa Rosa Update and Results of the AGM
Corporate news of Silver Quest Resources Ltd.
12/16/2011Shareholders of Silver Quest Resources Ltd. Approve Plan of ...
9/19/2011(Davidson)Announces Updated Gold Resource Estimate at Davidson Propert...
9/12/2011Continues to Explore the White Gold District, Yukon
8/9/2011(Davidson)Intersects 278 Metres of 2.8 Grams per Tonne Gold at Davidso...
7/11/2011Provides Update on Yukon Exploration Programs
7/6/2011Provides Update on BC Exploration Programs
6/27/2011(Davidson)Announces 4.0 Metres Averaging 165.4 g/t Au in Step-Out dri...
8/4/2010Defines New Soil Anomalies At Prospector Mountain, Yukon
7/30/2010Expands Mineralization On Capoose Project, BC
4/1/2010Getting Ready For Its Biggest Year! - by Peter Grandich
3/30/2010Acquires Chuchi North Gold Property, BC
1/20/2010Provides Technical Summary of Prospector Mountain Property, ...
12/18/2009Acquires Strategic Claims in the Dawson Range, Yukon
12/15/2009Acquires the Prospector Mountain Property, Dawson Range, Yuk...
11/4/2009Superb Management and Strong Projects Potential
10/15/2009White Gold Area, Yukon - Exploration Programs Completed
9/23/2009Warrant Extension
8/21/2009Acquires Additional Properties In The White Gold Area, Yukon
7/8/2009Acquires Properties in the White Gold Area, Yukon
7/25/2008AGM Results & Property Option Cancelled
4/5/2008 Closes $2.5 Million Financing
9/20/2007Plans Drill Program at Santa Rosa Silver-Lead Property, Mexi...
8/17/2007Compliance
2/21/20073Ts Drill Update - Ted Vein Results
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