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Re: News Release - Wednesday, April 18, 2007
Silver Quest Appoints New Director
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Silver Quest Resources Ltd. (the "Company") is pleased to announce the
appointment of Mr. Mark J. Morabito to the Company's Board of
Directors.
Mr. Morabito is President & CEO of Crosshair Exploration & Mining
Corp., and Target Exploration and Mining Corp. Under his stewardship,
Crosshair has evolved into a leading uranium explorer in the highly
prospective Central Mineral Belt of Labrador. Crosshair is budgeting
exploration expenditures of $8 million in 2007, has a market
capitalization in excess of C$200 million and a treasury in excess of
$14,000,000. Since taking over the helm at Crosshair in 2003, Mr.
Morabito has been directly responsible for Crosshair raising in excess
of $32,000,000, with the majority of those funds being contributed by
institutional investors. Mr. Morabito previously practiced corporate
securities and finance law and has over 15 years experience in public
markets with a focus on capital-raising and corporate development in
the junior mining sector. Mr. Morabito is a graduate of the Faculty of
Law, University of Western Ontario and is a member of the bar in
British Columbia and Ontario.
"Mark is a welcome addition to our board," says President & CEO Robert
F. Weicker. "We look forward to benefiting from his insight and
strategic advice on the development of Silver Quest's current
properties, future transaction structures and capital raising
endeavours. Along with his legal and business expertise, the addition
of Mr. Morabito provides the Company with an active and extensive
network of investors and industry analysts that should broaden the
Company's exposure, both in Canada and internationally."
The Company also wishes to announce that it has granted this director
stock options to purchase a total of 100,000 common shares at $0.50 per
share exercisable for a period of five years commencing April 18, 2006.
Silver Quest is an established Canadian junior exploration company with
a focus on silver and gold projects, with ten 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.
"Robert Weicker"
Robert Weicker, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
P.O. Box 11584,
1410 - 650 West Georgia Street, Vancouver,
British Columbia V6B 4N8
Telephone: 604-687-3959
Facsimile: 604-408-0489
E-Mail: info@silverquest.ca
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Copyright (c) 2007 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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