VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/11 -- The Board of Directors of Great Quest Metals Ltd. (TSX VENTURE: GQ)(FRANKFURT: GQM) ('Great Quest' or the 'Company') announces that it has appointed Mr. John A. Clarke interim President, effective January 6, 2012. The Board would like to thank Mr. Victor J.E. Jones for his leadership in the development of the Company's Malian assets. He will continue to serve the Company in the capacity as Chief Financial Officer.
The Board of the Company has also granted an incentive stock option to a director of one of its subsidiaries to purchase up to 100,000 shares at a price of $1.64 per share. The stock option is for a five year period and vests over two years, in accordance with the Company's Stock Option Plan, and is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST METALS LTD.
John A. Clarke, Chairman
Great 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 1206 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 TSX Venture Exchange (GQ), and the Frankfurt Stock Exchange (GQM).
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Standard & Poor's Listed
The 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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