Mr. Jed Richardson reports

GREAT QUEST CLOSES NON-BROKERED PRIVATE PLACEMENT OF C$466,000

Further to its news release of Dec. 18, 2013, Great Quest Metals Ltd. has completed, subject to the approval of the TSX Venture Exchange, a non-brokered private placement of 776,666 units at a price of 60 cents per unit for gross proceeds of $466,000.

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 80 cents 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-V.

A cash finder's fee of $2,100 is 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, 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. 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 nor the consideration paid by such persons will exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.