SciQuest SQI

Silver Quest Reports 82 Metres of 3.29 g/t Gold In

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Silver Quest Resources Ltd.

TSX VENTURE: SQI

Apr 19, 2011 08:00 ET

Silver Quest Reports 82 Metres of 3.29 g/t Gold Intercepted at Davidson Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2011) -Silver Quest Resources (TSX VENTURE:SQI) ("Silver Quest" or "theCompany") is pleased to report the drill results from the first fiveholes drilled in the recently-announced 20,000 metre drill campaign toexpand the resources on the Davidson Gold Project, a joint venture withRichfield Ventures Corp., which is the operator of the joint venture.Silver Quest has a 25% interest in the joint venture. The project isapproximately 110 kilometres southwest of Vanderhoof, BC.

Richfield has completed the first five vertical holes in thecurrent drilling campaign. The best results were 82 metres of 3.29grams/tonne ("g/t") gold in hold BW 135, which included a 15 metreintercept averaging 14.5 g/t gold.

The following highlights are from the announcement made by Richfield today.

Two holes, BW 135 and BW 138 are 77 and 177 metresrespectively west of BW 59 (361 metres of 1.25 grams/tonne (g/t) Auwithin 455 metres of 1.03 g/t Au - see news release dated May 7, 2010).Three other holes, BW 137, BW 139 and BW 140, are in the historic GoldZone some 350 metres northeast of BW 59.

The two central holes, BW 135 and BW 138, show good goldgrades in the upper 250 metres. They amplify the higher grade centralpart of the deposit and expand the third near-surface, high grade zone.Both holes cut siliceous breccia for their length.

The three holes in the historic Gold Zone contain goldmineralization from collar to the bottom of the holes with higher gradesections. Good gold grades are seen in the upper 100 metres of BW 140and below 350 metres in BW 139. The best grades in BW 137 are below 150metres. BW 139 cuts siliceous breccia; the two northern holes cutdacite-andesite with lapilli tuff and siliceous sections.

DDH	From (m)	To (m)	Intvl (m)	Au g/t	Ag g/t
BW 135	96	178	82	3.29	5.8
incl	114	158	44	5.52	7.5
incl	143	158	15	14.50	16.2
BW 135	4	81	77	0.36	2.7
BW 135	189	197	8	0.32	1.6
BW 135	209	215	6	0.47	1.8
BW 135	233	251	18	0.30	2.0
BW 137	151	158	7	0.70	14.4
BW 137	183	197	14	0.69	11.5
BW 137	245	287	42	0.54	9.1
BW 138	2	165	163	1.02	7.3
BW 138	172	213	41	0.58	2.3
BW 138	233	240	7	0.82	5.3
BW 139	64	83	19	1.20	6.5
BW 139	127	154	27	0.36	1.9
BW 139	159	177	18	0.52	3.3
BW 139	267	285	18	0.36	1.8
BW 139	292	305	13	0.32	1.5
BW 139	361	378	17	4.13	6.0
incl	368	376	8	8.99	9.6
BW 139	398	426	28	0.33	6.0
BW 139	435	452.63	17.63	0.77	18.4
BW 140	23	96	73	1.40	4.9
BW 140	116	159	43	0.45	2.1
BW 140	213	229	16	0.46	0.4

For locations of these five drill holes, please refer to the Richfield Ventures website at www.richfieldventures.ca and click on "Blackwater Gold Project". The Davidson Project is the northern portion of the Blackwater Gold Project.

David Pawliuk, P.Geo., Vice-President Exploration for SilverQuest is the Qualified Person, as defined by NI 43-101, for the DavidsonProject and has reviewed the technical information in this release.