Mr. James Newall reports

QUEST CRITICAL METALS ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OFFERING AND WILL COMMENCE DRILLING IN JUNE

Quest Critical Metals Inc. has closed a non-brokered private placement, raising gross proceeds of $1,004,860 through the issuance of 14,355,137 units at a price of seven cents per unit.

Each unit is composed of one common share in the authorized share structure of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one common share of the company at a price of 14 cents per warrant share for a period of 18 months from the date of closing.

All securities issued in connection with the private placement will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The financing proceeds will be used for exploration and drilling of the Tisvoa, as well as retiring advances made to the company. The Tisvoa property is drill and permit ready, following a geophysical survey that identified a very large, untested anomaly and confirmed the reinterpretation of the deposit as a volcanogenic massive sulphide style deposit.

The drilling is fully permitted, including permission from the surface landowner, and will commence rapidly after the closing of this phase of the private placement.

Insiders of the company participated in the private placement for approximately $59,019. The issuance of units to insiders is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

Garry Clark, PGeo, director of the company, is the qualified person as defined in National Instrument 43-101, who has reviewed and approved the technical disclosure contained in this news release.

We seek Safe Harbor.