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SPD.V ·

Silver Quest Appoints New Board Member

Management Changes

February 25, 2011 TSX Venture: SQI-V

NEWS RELEASE

Silver Quest Appoints New Board Member

Vancouver, BC - Silver Quest Resources (TSX.V:SQI) (“Silver Quest” or “the Company”) is pleased to announce the appointment of Mr. Louis Montpellier to its board of directors.

Mr. Montpellier is a director and officer of a number of mineral exploration and development companies, including Exeter Resource Corporation, has been practicing law in Vancouver, British Columbia since 1981 and since 1983 has worked exclusively in the capital markets with exploration and mining companies.

Mr. Montpellier has guided numerous companies through an entire spectrum of corporate finance activities, from accessing seed capital for private companies through to IPO's and subsequent public and private financings; through mergers and acquisitions, hostile and friendly take-over bids, proxy contests, corporate reorganizations and arrangements.

“Louis’ many years of experience will be invaluable to Silver Quest as it continues to advance and expand its property portfolio.” said Randy Turner, President.

The Company also wishes to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 2,300,000 common shares under the Company’s Incentive Stock Option Plan. The options will be granted for a period of five (5) years, commencing on February 25, 2011, exercisable at a price of $0.55 per share. Fifty percent of these options will vest immediately and fifty percent will vest on August 25, 2011.

SILVER QUEST RESOURCES LTD.

“Randy Turner”

Randy Turner, President

For further information please contact Investor Relations at 604-687-3959 or [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

P.O. Box 11584, Suite 1410 - 650 West Georgia Street, Vancouver, British Columbia V6B 4N8 Telephone: 604-687-3959 Facsimile: 604-687-1448 E-Mail: [email protected]