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Press release from Marketwire

Great Quest Comments on Market Activity and Provides Corporate Update

Wednesday, January 16, 2013

Great Quest Comments on Market Activity and Provides Corporate Update15:51 EST Wednesday, January 16, 2013VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2013) - Great Quest Metals Ltd. ("Great Quest" or the "Company") (TSX VENTURE:GQ)(FRANKFURT:GQM) has been requested by IRROC, in light of recent market activity, to announce that there is no material change in the affairs of the Company. There are no undisclosed material changes in the affairs of the Company that might have caused an increase in our stock price.Joel Jeangrand, CEO of Great Quest, commented, "The current developments in Mali signal a turn in the geopolitical crisis that has affected the country for the past 10 months."Amongst recent news pertaining to Mali, France announced it will deploy 2,500 troops in a military campaign to restore Mali's constitutional order and territorial integrity.On December 18, 2012, Great Quest released the results of its Preliminary Economic Assessment report that is due to be filed on SEDAR shortly.About Great QuestGreat 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. The Company also holds several gold concessions in the productive Birimian gold belt, in western 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.Joel Jeangrand - President, CEO & DirectorThe 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: Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Contact Information: Great Quest Metals Ltd.Candice FontInvestor Relations+1 604-689-2882 or Toll Free: 1 877-325-3838604-684-5854 (FAX)www.greatquest.com