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Quest Rare Minerals Ltd.
TSX VENTURE: QRM
Other Recent News

October 18, 2010
Quest Rare Minerals Grants Stock Options
TORONTO, ONTARIO--(Marketwire - Oct. 18, 2010) - Quest Rare Minerals Ltd. (TSX VENTURE:QRM) announces that its Board of Directors has today granted stock options in respect of 350,000 common shares to one director and officer and in respect of an aggregate of 150,000 common shares to two consultants. The options were granted under Quest's 2007 Stock Option Plan.

The exercise price of the options is $4.69 per share, equal to the closing price of Quest's common shares on the TSX Venture Exchange on Friday, October 15, 2010. The options expire in ten years. The option granted to Quest's director and officer will vest immediately, while the options granted to Quest's two consultants will vest in three equal installments over an 18-month period, commencing in six months.

Quest also announces that in December 2009, its Board of Directors amended Quest's 2007 Stock Option Plan, so that all options granted by Quest after December 2009 will vest immediately, subject to the power of the Board of Directors to set a vesting schedule, at its discretion, for any stock option. Options granted to a "consultant" performing "Investor Relations Activities", as those terms are respectively defined in the applicable policies of the TSX Venture Exchange, must vest in stages over twelve months with no more than one-quarter of the options vesting in any three-month period, in accordance with the policies of the Exchange. No changes were made to the vesting schedules of stock options outstanding prior to December 2009. Quest's 2007 Stock Option Plan, as amended, was ratified and confirmed by Quest's shareholders at the annual meeting held on April 20, 2010.

About Quest Rare Minerals

Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new rare earth deposit opportunities. Quest is publicly-listed on the TSX Venture Exchange as "QRM" and is led by an experienced management and technical team. Quest is currently advancing several projects in certain of Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick. Quest's 2009 exploration program led to the discovery of a new Rare Earth metal deposit, the B-Zone, on its Strange Lake property in northeastern Quebec. Quest recently filed a 43-101 Inferred Resource Estimate as well as a Preliminary Economic Assessment (PEA) on the B-Zone deposit. In addition, Quest announced the discovery of a new area of rare earth element (REE) mineralization on its Misery Lake project, approximately 120 km south of the Strange Lake project. Quest continues to pursue high-value project opportunities throughout North America.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Quest Rare Minerals Ltd.
Peter J. Cashin
President & CEO
(416) 916-0777 or 1-887-916-0777
Fax: (416) 916-0779
info@questrareminerals.com
www.questrareminerals.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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In the News and Medias of Quest Rare Minerals Ltd.
5/26/2011Quest Rare Minerals Best in Breed Among Junior Rare Earth Mi...
Financings of Quest Rare Minerals Ltd.
3/7/2011seek a listing on a stock exchange in the United States
10/27/2009Completes $6.3 Million Private Placement
Option Grants of Quest Rare Minerals Ltd.
10/18/2010Grants Stock Options
3/15/2010Grants Stock Options
Nominations of Quest Rare Minerals Ltd.
10/7/2011Appoints George Potter to Its Board of Directors
1/6/2011Appoints John Panneton to Its Board of Directors and Grants ...
12/16/2010Appoints Ernst & Young LLP as Auditors
5/27/2010appoints Robert L. Leclerc as Chairman o
5/27/2010Appoints Robert L=2E Leclerc as Chairman of the Board of Dir...
5/21/2010Appoints Mackenzie Watson as Honorary Ch
5/21/2010Appoints Mackenzie Watson as Honorary Chairman and to Adviso...
Financials of Quest Rare Minerals Ltd.
4/16/2012Issues First Quarter Financial Statement
Project news of Quest Rare Minerals Ltd.
5/30/2011(Strange Lake)Files 43-101 Technical Report on B-Zone Ree Deposit, Strange...
5/25/2011(Strange Lake)Reviews Rare Earth Element Mineralogy and Metallurgy of the ...
4/21/2011(Strange Lake)Board Approves Funding for Pre-Feasibility Study, Strange La...
4/11/2011(Strange Lake)Revised Resource Estimate for the B-Zone REE Deposit Shows I...
1/13/2011(Snook Lake)Expands Its Prefeasibility Technical Team, Strange Lake B-Zo...
12/9/2010(Strange Lake)Drilling Discovers New Deep REE Zone Northwest of the B-Zone...
10/28/2010(Strange Lake)Drilling Expands High Grade B-Zone Pegmatite Mineraliz
9/9/2010(Strange Lake)Receives Results of Preliminary Economic
9/16/2010(Strange Lake)B-Zone Definition Drilling Extends REE Deposit to Over 309=2...
4/7/2010(Strange Lake)Quest's B-Zone REE Deposit Confirmed as a =?ISO-8859-1?Q?=20...
3/23/2010(Misery Lake)Expands 2010 Exploration Plans for Its Misery Lake REE Proje...
3/17/2010(Strange Lake)advances 2010 exploration plans on its Strange Lake REE Proj...
12/10/2009(Strange Lake)New Quest B-Zone Drilling Returns 1.23% Over 38.5 m and 1.27...
10/15/2009(Strange Lake)Quest: B-Zone Drilling Expands Resource Potent =?ISO-8859-1?...
8/19/2009(Strange Lake)Quest Discovers New Rare Earth Zone Close =?ISO-8859-1?Q?to=...
8/13/2009(Strange Lake)Commences Diamond Drilling at the Strange Lake
Corporate news of Quest Rare Minerals Ltd.
10/31/2012(Strange Lake)Announces That a Revised Resource Estimate for the Strange L...
10/26/2012Engages Hatch to Undertake Advanced Metallurgical and Separa...
5/18/2011to Trade on NYSE Amex
1/26/2011 Retracts Dundee Securities Initiates Coverage Announcement ...
11/25/2010Named 2010 Prospector of the Year
11/23/2010Hires Reno Pressacco as Vice-President,
11/6/2010Announces Conversion by SIDEX of $1.5 Million Loan Into Ques...
10/7/2010Announces Pricing of New $46.5 Million Share Issue
9/27/2010Files B-Zone Preliminary Economic Assessment (PEA) to SEDAR....
9/27/2010' Files B-Zone Preliminar
9/11/2010Receives $1.5 Million Convertible Loan from SIDEX
9/9/2010Receives Results of Prel
8/17/2010Announces $1.5 Million Convertible Loan With SIDEX
8/12/2010Cracks the B-Zone Metall
4/23/2010Changes Name to Quest Rare Minerals Ltd.
2/26/2010President featured on BNN: Watch Online
2/25/2010President featured on BNN
2/25/2010Peter Cashin featured on BNN: Commodities Fe
12/18/2009Recommended by Mark Lackey on BNN
11/27/2009featured on BTV- Business Television
11/20/2009featured on CEO Clips on The Biography Channel
11/19/2009Discovers a New Rare Earth Intrusive Complex
10/20/2009Expected Closing Date for $7 Million Private Placeme
8/4/2009Introduces the Members of Its Newly-Established Management A...
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TSX-V (QRM.V)AMEX (QRM)
2.69+0.00%0.632-7.74%
TSX-V
CA$ 2.69
04/12 15:39 -
0%
Prev close Open
2.69 2.77
Low High
2.68 2.79
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  2.69 -%
Volume 1 month var.
167,060 -%
24hGold TrendPower© : -24
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