Ms. Julie Masse reports

QUEST OBTAINS AN EXTENSION OF THE DELAY TO FILE A PROPOSAL UNDER THE BANKRUPTCY AND INSOLVENCY ACT (CANADA)

On Aug. 3, 2017, the Superior Court of Quebec granted Quest Rare Minerals Ltd.'s motion for an extension of the delay to file a proposal pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act, thereby extending the delay to file such proposal by an additional 45 days, up to and including Sept. 18, 2017. This is the first extension granted to Quest in the context of the notice of intention to file a proposal filed by Quest on July 5, 2017.

About Quest Rare Minerals Ltd.

Quest Rare Minerals is a Canadian-based company focused on becoming an integrated producer of rare-earth metal oxides and a significant participant in the rare-earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest's objective is the establishment of major hydrometallurgical and refining facilities in Becancour, Que., to separate and produce strategically critical rare-earth metal oxides.