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Re:   News Release - Thursday, October 29, 2009
      Silver Quest's Partners Intersect Gold and Silver on the Davidson
      Property, BC
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Vancouver, BC - Silver Quest Resources Ltd. (SQI-TSX.V) (the
"Company") is pleased to provide an update on Richfield Ventures
Corp's., ("Richfield") drill program currently being conducted on the
Davidson Property, located approximately 110 kilometres southwest of
Vanderhoof, BC. Richfield has the right to earn 75% of the Davidson
(see news release dated March 24, 2009) and the Davidson Property 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 has completed fifteen Diamond drill holes totaling 2,488
metres. Thirteen of these drill holes are collared on the Davidson
property, including five holes previously reported on by Silver Quest
(see news release October 1, 2009).

Selected highlights from the latest eight drill holes collared on the
Davidson property are below. For further details on these and other
drill results please see Richfield's news releases dated October 16,
2009 and October 28, 2009.

.. Hole BW 49, intersected 25 metres of 0.5 g/t gold and 6.9 g/t silver
  including 2 metres of 2.36 g/t gold and 41.90 g/t silver

.. Hole BW 50, intersected 6 metres of 0.28 g/t gold and 4.80 g/t silver

.. Hole BW 51, intersected 47.14 metres of 0.31 g/t gold and 4.2 g/t
  silver, including 6.14 metres of 0.85 g/t gold and 8.0 g/t silver

.. Hole BW 52, intersected 57.9 metres of 0.2 g/t gold and 2.3 g/t
  silver

.. Hole BW 53, intersected 5 metres of 0.91 g/t gold and 0.40 g/t silver

.. Hole BW 54, intersected 11 metres of 0.64 g/t gold and 2.1 g/t silver

.. Hole BW 55, intersected 65 metres of 1.02 g/t gold and 3.6 g/t silver
  including 7 metres of 4.0 g/t gold and 8.7 g/t silver and 1 metre of
  19.8 g/t gold and 28.9 g/t silver

.. Hole BW 56, intersected 6.57 metres of 0.04 g/t gold and 10.1 g/t
  silver

  *Note: The top of hole BW 53, to an approximate depth of 82 metres is
  located on the Davidson Property

Richfield anticipates results for three further drill holes (BW 57 --
BW59), including two on the Davidson property, in early November.
Silver Quest will update shareholders as results are released to us.

Randy Turner, P.Geo., has reviewed the content of this release.

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.

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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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