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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) -Silver Quest Resources Ltd. (TSX VENTURE:SQI)(the "Company") is pleased to announce that it has executed an optionagreement to acquire a 100% interest in eight mineral claims (the "Tigerclaims") increasing the Company's Boulevard Property by approximately165 hectares. The Tiger claims are strategically located along trendfrom the Company's Sunset gold-arsenic-antimony soil geochemical anomalywithin the Boulevard Property which is 135 kilometres south of DawsonCity, 35 kilometres south of Kinross' Golden Saddle gold deposit and 10kilometres southwest of Kaminak's Coffee gold discoveries. For alocation map and property details see the Company's website www.silverquest.ca.
Pursuant to the terms of the option agreement, the Companycan acquire a 100% interest, subject to a 2% percent net smelter returnroyalty ("NSR"), in the Tiger claims by issuing an initial 250,000common shares. To complete the option, the Company will be required toissue, on or before August 26, 2011, additional common shares having avalue of $50,000. At any time following the completion of the option,the Company may purchase one-half of the NSR for a cash consideration of$2 million. The option agreement is subject to regulatoryacceptance. All securities issued pursuant to the option agreement willsubject to a four month hold period trading restriction.
SILVER QUEST RESOURCES LTD.
Randy Turner, President
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