Great Quest Closes Non-Brokered Private Placement of C$908,000

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Further to its news release of May 24, 2013, Great Quest Metals Ltd (the
"Company") (TSX VENTURE:GQ)(FRANKFURT:GQM) is pleased to announce that it has
completed, subject to the approval of the TSX Venture Exchange, a non-brokered
private placement of 1,513,333 units at a price of $0.60 per unit for gross
proceeds of C$908,000. 


Each unit consists of one common share of the Company and one full common share
purchase warrant. Each common share purchase warrant is exercisable for one
common share at a price of $0.80 per share for a period of three years from the
date of issue, subject to the Company's right to accelerate the expiry of the
warrants if the daily volume weighted average trading price of the common shares
of the Company on the TSX Venture Exchange is equal to, or exceeds $1.20 for a
period of 20 consecutive trading days during the term of the warrant.


All of the shares, warrants and any shares issued upon exercise of the warrants
comprising the units are subject to a hold period and may not be traded in
British Columbia until four months and one day from the closing date of the
Private Placement, except as permitted by the applicable Securities Acts and the
Rules made thereunder and the TSX Venture Exchange.


Finder's fees of $30,100 cash are payable in connection with this private placement.

The net proceeds from the private placement will be used for operations and
development of the Company's projects in Mali, and for general working capital
purposes.


Certain directors and officers of the Company have acquired Units under the
private placement. Such participation is considered to be a "related party
transaction", as defined under Multilateral Instrument 61-101 ("MI 61-101"). The
transaction will be exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of any units
issued to or the consideration paid by such persons will not exceed 25% of the
Company's market capitalization.


About Great Quest

Great Quest Metals Ltd. is a Canadian mineral exploration company with assets in
Mali, West Africa. The Company is focused on developing the Tilemsi Phosphate
Project, encompassing 1,206 km2 in eastern Mali. To date, the Company has
published two resource reports with the total inferred resource now standing at
50 million tonnes at an average grade of 24.3% P2O5 (at 10% cut-off). Phosphate
rock from the Tilemsi Project displayed good characteristics for effective
beneficiation with assays ranging between 25% and 38% P2O5, and low level of
contaminants, especially Cadmium. The Company also holds several gold
concessions in the productive Birimian gold belt, in southwestern Mali. Great
Quest is listed on the TSX Venture Exchange under the symbol GQ, and the
Frankfurt Stock Exchange under the symbol GQM.


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

Jed Richardson - President, CEO & Director

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities described herein in the United States. The
securities described herein have not been and will not be registered under the
United States Securities Act of 1933, as amended, or any applicable securities
laws of any state of the United States and may not be offered or sold in the
United States or to the account or benefit of a person in the United States
absent an exemption from such registration requirements.


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. We seek safe harbor.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Great Quest Metals Ltd.
Investor Relations
+1 604-689-2882
Toll Free: 1 877-325-3838

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