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Quest Rare Minerals Ltd
Symbol QRM
Shares Issued 86,429,011
Close 2016-05-05 C$ 0.19
Market Cap C$ 16,421,512
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Quest Rare Minerals shareholders approve name change

2016-05-05 18:52 ET - News Release

Mr. Pierre Lortie reports

QUEST ANNOUNCES ELECTION OF DIRECTORS

All of the nominees listed in the management proxy circular dated March 28, 2016, were re-elected as directors at Quest Rare Minerals Ltd.'s annual and special meeting of shareholders held yesterday in Montreal.

According to proxies received and ballots cast at the meeting, individuals were re-elected as directors of Quest, with the results found in the attached table.

               VOTING RESULTS FOR ELECTION OF DIRECTORS
                                                          Votes             
Name of nominee             Votes for            %     withheld            %

Yves Beauchamp             12,839,143        96.56      457,878         3.44
Ronny Kay                  12,508,433        94.07      788,588         5.93
Pierre Lortie              12,385,143        93.14      911,878         6.86
Prashant Pathak            12,163,187        91.47    1,133,834         8.53
Michael Pesner             12,761,133        95.97      535,588         4.03
Neil Wiener                12,779,423        96.11      517,598         3.89

The biographies of the directors are available in the board of directors section of Quest's website.

At the meeting, Quest's shareholders also adopted a special resolution authorizing an amendment to Quest's articles so as to change Quest's name to Quest Rare Metals Ltd. -- Metaux Rare Quest Ltee and reappointed Ernst & Young LLP as Quest's auditor.

"Quest Rare Metals better aligns the company's name with its strategy to become a world-class supplier of rare earth metal oxides," stated Quest executive chairman, Pierre Lortie. "Our leadership team believes the time has come to rebrand the company to better reflect what we do, and to distinguish our purpose as a significant participant in the rare earth elements material supply chain."

Remarks and the presentation of Mr. Lortie, executive chairman, at the annual general meeting of shareholders, can be found on Quest's website.

We seek Safe Harbor.

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