Quest Rare Minerals Ltd. (TSX:
QRM) (NYSE Amex: QRM) announces that it has issued its
condensed interim financial statements and Management�s Discussion and Analysis
for the first quarter ended January 31, 2012. These are Quest�s
first interim financial statements prepared in accordance with IFRS. The
interim financial statements and MD&A are available under Quest�s profile
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and on Quest�s website at www.questrareminerals.com.
The condensed interim financial statements
Quest would like to take this opportunity
to inform shareholders and interested parties that the Corporation�s Annual
General Meeting will be held next Wednesday, April 18 at 10 a.m. at Le
Centre Sheraton Montreal, Salon 7, 1201 Ren�-L�vesque Blvd. West,
Montreal. All Quest shareholders are encouraged to attend the meeting.
About Quest Rare Minerals
Quest Rare Minerals Ltd. is a Canadian-based
exploration company focused on the identification and discovery of new and
significant Rare Earth deposit opportunities. Quest is publicly listed on
the TSX and NYSE Amex 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 projects in Canada's
premier exploration areas: the Strange Lake and Misery Lake areas of
northeastern Qu�bec. Quest's 2009 exploration led to the discovery of a
significant new Rare Earth metal deposit, the B-Zone, on its Strange Lake
property in northeastern Qu�bec. Quest recently filed a 43-101 Indicated and
Inferred Resource Estimate on the B-Zone deposit and has completed a
Preliminary Economic Assessment (PEA) for the deposit. In addition, Quest
announced the discovery of an important new area of 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. As a result of a marketed equity financing
completed in October 2010, Quest has a strong working capital position of $47 million.