Silver Quest Provides Update on BC Exploration Programs

Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "the Company") is
pleased to provide an update on its exploration programs in the Nechako Plateau,
BC. For further details on property locations, please visit the Company's
website www.silverquest.ca.


3Ts Project 

A 2,000 metre diamond drilling program has commenced on the 3Ts project, with
the first two holes designed to test the Ted Vein structure at depth and along
strike. The best hole from previous drilling (by Phelps Dodge) on the Ted Vein
intersected 8.88 grams/tonne ("g/t") gold and 393.6 g/t silver across a true
width of 15.4 metres. The Ringer Zone and Mint Vein areas will also be tested by
the 2011 diamond drilling. Previous results from the Ringer Zone included eight
samples collected from boulders which returned an average of 19 g/t gold and 140
g/t silver (see news release dated September 24, 2003). Previous diamond drill
holes on the Mint Vein structure intersected up to 8.08 g/t gold and 80.4 g/t
silver across 2.0 metres (see news release dated April 28, 2003). The Company
has also commenced geological mapping and prospecting on the 3Ts property area.
Approximately 60 samples of quartz-carbonate vein material have been collected
from recently discovered boulders to date, and have been submitted for analysis.


Capoose Project 

The 2011 exploration program at Capoose will consist of geochemical soil and
till sampling, prospecting and mapping, airborne geophysical (radiometric,
electromagnetic and magnetic) surveying and up to 8,000 metres of diamond
drilling. The Company also plans to conduct approximately 10.5 line-kilometres
of deep-penetrating induced polarization (IP) surveying within the Capoose
deposit area. The 2011 exploration in the deposit area is designed to increase
the existing NI 43-101 Indicated Resource of 383,823 ounces of gold and
26,593,915 ounces of silver, as well as the Inferred Resource of 443,206 ounces
of gold and 29,517,933 ounces of silver at a gold equivalent cut-off grade of
0.40 g/t (see news release dated January 20, 2011). The 2011 exploration at
Capoose will also follow up on several new gold geochemical anomalies identified
during the 2010 field season. The 2011 exploration budget for the Capoose
Project is approximately $2.8 million.


Davidson Project 

The Company, along with its joint venture partner, New Gold Inc., has released
assay results for the first 35 holes of the current 20,000 metre diamond drill
program (see news releases dated April 19, 2011, May 10, 2011 and June 27,
2011). Four diamond drills are currently operating on the Davidson property.
Further drill results will be released as they are received from New Gold Inc.,
the project operator.


David Pawliuk, P.Geo., Vice President Exploration for Silver Quest, is the
Qualified Person, as defined by National Instrument 43-101, for the 3Ts Project,
the Davidson Project and the Capoose Project, and supervised the preparation of
the technical information in this release.


SILVER QUEST RESOURCES LTD.

Randy Turner, President