Silver Quest Resources Ltd.: AGM Results & Property Option Cancelled

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2008) - Silver Quest Resources Ltd. (the "Company") (TSX VENTURE: SQI.V) wishes to report that shareholders approved the election of directors at the Annual General Meeting of the Company held July 18, 2008 in Vancouver, British Columbia.

Robert Weicker, Randy Turner, John McDonald, Mark Morabito and Michael R. McPhie were elected as directors of the Company to hold office until the next annual meeting of shareholders.

Shareholders also voted in favour of the appointment of Davison and Company, LLP, Chartered Accountants as auditors of the Company for the ensuing year and approved the annual ratification of the Company's 10% rolling stock option plan.

At a meeting of the board of directors immediately following the annual general meeting, Mr. Weicker was appointed President and CEO and J. Christopher Mitchell was appointed CFO.

In other matters, the Company wishes to report that it has terminated it's option to acquire up to a 75% interest in the Corcoran Canyon silver project located in central Nevada. The Company retains no interest in this project.

"Silver Quest is an established Canadian junior exploration company with a focus on silver and gold projects, with mineral properties in B.C., Ontario, Yukon, Nevada, USA and Sonora, Mexico. For Silver Quest property locations and information, visit the Company's web site at www.silverquest.ca."

SILVER QUEST RESOURCES LTD.

Robert F. Weicker, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contacts

Robert F. Weicker
Silver Quest Resources Ltd.
Director
(604) 687-3959
(604) 408-0489 (FAX)
Email: info@silverquest.ca
Website: www.silverquest.ca