Silver Quest Resources Ltd.

Published : June 14th, 2008

Santa Rosa Project and Capoose-Silver Trend Project

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Keywords :   Copper | G Mexico | Gold | Lead | Mexico | Silver |
=======================================================================
Re:   News Release - Friday, June 13, 2008
      Update - Santa Rosa Project and Capoose-Silver Trend Project
=======================================================================

Silver Quest Resources Ltd. (the "Company") wishes to report on
exploration activities on two of its core projects:

Mexico - Santa Rosa Project

Significant progress has been made on the Phase 2 reverse circulation
drill program. To date eleven holes have been completed, comprising
1,160 metres, representing about 60% of the entire program. The Santa
Rosa property, is located approximately 175 kilometres east of
Hermosillo, Sonora, Mexico and represents a new discovery (fall 2008)
of potentially bulk-tonnage silver-lead-copper mineralization
consistent with a carbonate-replacement-deposit model. Multiple zones
of mineralization have been tested by the recent drilling. Drilling of
the Southeast zone encountered intense fracturing and faulting in three
holes, and additional road building has been completed to establish new
drill pads to test this target. The current drilling program is
expected to be completed by the end of June.

Sample preparation is being conducted by ALS Chemex in Hermosillo,
Sonora, with analysis completed by ALS Chemex in Vancouver, an ISO
9001:2000- and ISO 17025- accredited laboratory. Samples are taken on a
1.5 metre intervals (5 ft), crushed, pulverized and digested in a
four-acid solution. All elements were analyzed by induced coupled
plasma methods, and reported in parts per million. Over limits
(200-plus ppm silver) are assayed by a four-acid digestion with
conventional ICP-AES analysis (ME-OG62).

British Columbia - Capoose-Silver Trend Project

Early-stage exploration activities were initiated on the Capoose-Silver
Trend project in late May. Currently a crew of 14 are on the site,
completing geochemistry, geophysics and geological mapping. The
Capoose-Silver Trend property is easily accessible by roads from nearby
logging camps and is located approximately 185 kilometres
west-southwest of Prince George, British Columbia. The Capoose property
covers known mineralized zones and exploration targets indicative of a
large disseminated silver-gold system. Previous exploration by Granges
Inc. and Cominco Ltd. (now Teck Cominco Ltd.) from 1978 to 1984
outlined three zones of low-grade, disseminated silver-gold
mineralization at shallow depths, amenable to open pit mining. The
mineralization is hosted in garnetiferous rhyolite sills and hornfelsed
argillite. Historical resources (see Press Release January 17, 2008) on
zones 1 and 2 reported by Pan American Silver Corp. (1999 annual report
dated April 17, 2000, on SEDAR), are stated to be 28.22 million tonnes
averaging 36 grams per tonne silver and 0.34 grams per tonne gold (for
contained metal of 32.66 million ounces of silver and 308,500 ounces of
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, and the Company cautions that
these historic resource estimates cannot be relied upon.

Prior to the current program, the Capoose property had not been
explored since 1985. The current program covers the mineralized zones
deposits and a soil geochemical anomaly, known as the "Silver Trend",
extending for a strike length of 4.5 kilometres in a northeast
direction. This extensive soil geochemical anomaly is defined by a two
ppm silver threshold, and six principal targets defined with greater
than five ppm silver. This entire geochemical trend represents an
excellent exploration target to discover additional mineralization
similar to the historical Capoose deposit.

Robert Weicker, Pgeo, is the qualified person as defined by National
Instrument 43-101 for these projects, and has verified and supervised
preparation of the scientific and technical information in this
release.

"Silver Quest is an established Canadian junior exploration company
with a focus on silver and gold projects, with mineral properties in
B.C., Ontario, Yukon, Nevada, USA and Sonora, Mexico. For Silver Quest
property locations and information, visit the Company's web site at
www.silverquest.ca."

SILVER QUEST RESOURCES LTD.
"Randy C. Turner"
Randy C. Turner, Director

The TSX Venture Exchange has not reviewed and does not accept
responsibility for
the adequacy or accuracy of the content of this news release.

=======================================================================
Copyright (c) 2008 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
=======================================================================
.
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

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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