Great Quest Initiates Phosphate Studies

Victor J.E. Jones, Chairman and CFO of Great Quest Metals Ltd. (TSX
VENTURE:GQ)(FRANKFURT:GQM), reports that the Company has entered into an
agreement with the Malian Institute for Rural Economy ("IER") which has
designated Dr. Lamine Traore to carry out the programs. Dr. Traore is an
agronomist with many years experience in rural Mali and other West African
nations where he has researched best practices in sustainable agriculture. The
Tilemsi Phosphate project in eastern Mali covers 737 sq km now permitted for
drilling and where Company geologists, remote sensing and other studies have
indicated the potential for extensive areas of phosphate mineralization.


Discussions with the Rural Economy Institute indicate a strategic interest in
expanding both the area of agricultural land fertilized and the average annual
amount applied, to boost food and other crop production. This renewed emphasis
on expanding the Mali agricultural sector, where important infrastructure
investments for irrigation are already being made, aligns with global concerns
for agricultural production and fertilizers, including phosphates. The research
is aimed at maximizing regional benefits from Phosphate Naturel du Tilemsi
("PNT") to be produced from the Company's Tilemsi Phosphate Project, by
providing a natural fertilizer product beneficiated for the crops and soils of
Mali. Servicing the Mali and regional markets is the first part of the market
strategy which includes export products for world markets. This initiative
targets the cost effective use of PNT as a direct application fertilizer. The
goal is to define the forms of commercial PNT fertilizers most suitable for the
various soils and crops in Mali and neighbouring countries including Niger,
Burkina Faso, and Senegal. Mali currently imports 100% of its fertilizer.


About Institute for Rural Economy ("IER")

The IER's mandate is to design, manage, and carry out agricultural research
programs; to plan and evaluate agricultural development projects; to supervise
and coordinate organizations and authorities that conduct research in Mali; and
to create, conserve, and protect national scientific assets. IER is governed by
a Board of Directors whose members include representatives from the Ministry of
Agriculture, producer organizations and IER's research, technical support, and
finance departments. The directors of the regional centers are appointed by
IER's Director General and are responsible for managing and supervising
activities at their research stations and substations.


In other matters, the Board has approved the grant of a stock option to a
Consultant of the Company for the purchase of up to 50,000 common shares of its
capital stock for a period of five years at an exercise price of $2.69 per
share. The option vests in six months. Other terms are in accordance with the
Company's Stock Option Plan and the grant is subject to regulatory approval.


ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.

Victor J.E. Jones, Chairman

12g3-2(b) Exemption #82-3116

Standard & Poor's Listed

The statements that are not historical facts and are forward-looking statements
involving known and unknown risks and uncertainties could cause actual results
to vary materially from the targeted results.