Vancouver - QuestEx Gold & Copper Ltd., is pleased to announce another round of 2021 drill results from the Inel gold prospect on its 100% owned, 312 square kilometre, road accessible KSP property in British Columbia's prolific Golden Triangle district.

Joe Mullin, QuestEx CEO comments: 'The 2021 drill results from the AK Zone at KSP's Inel are significant and encouraging, they build upon earlier historic drilling, and will contribute toward an expected Inaugural Resource Estimate at Inel later this Spring.'

Drilling in the AK Zone at Inel was designed to provide continuously sampled intervals from an area of historical drilling for inclusion within an anticipated inaugural National Instrument ('NI') 43-101 Mineral Resource Estimate that QuestEx expects to announce in Spring 2022. The AK zone is one of several high-grade gold ('Au') domains within the Inel prospect area where drilling conducted between 1989 and 1991 identified high-grade Au mineralization within a mineralized breccia at or near the lower contact of a monzonite dyke. The four holes reported in this news release were drilled from a single pad in different orientations with three holes testing the AK Zone breccia (INDDH21-164, 165 and 166), and the fourth (INDDH21-167) as a northeast step-out of main zone Inel mineralization. All three drill holes testing the AK Zone intersected mineralized breccia and returned significant gold values. As well, INDDH21-167 intersected a zinc ('Zn')-rich lens at depth within an elevated Zn-Au-silver ('Ag') domain associated with a monzonite dyke.

About the AK Zone

The AK Zone was a focus of historical exploration within the larger Inel Au-Ag-Zn-Cu prospect area and has been tested with over 5,460 m of drilling, partly completed from underground workings that were developed in 1989/1990. Mineralization at AK comprises at least two styles: 1) gold-rich mineralization associated with a hydrothermally altered, polymictic intrusive breccia located adjacent to a K-feldspar megacrystic monzonite dyke and 2) domains of zinc-rich replacement mineralization.

The AK Zone is located in the hangingwall of a flat fault surface ('flat fault'), which juxtaposes it against footwall rocks that host the majority of the Inel gold prospect mineralization. The main gold-rich portion of the AK Zone comprises a 5 to 15 m thick, wing shaped, west dipping breccia with a southeast to northwest strike extent of 245 m and projected 110 m upslope to the east above the drill pad for 2021 AK Zone drilling. The breccia is open for incremental expansion along strike and cut off at depth by the flat fault. Identifying the structurally offset root of the AK breccia remains a target for future exploration.

The mineralized breccia is polymictic and contains intrusive, sedimentary, and volcanic clasts, vein fragments, and feldspar crystals in a fine-grained, biotite dominant matrix. Sulphide minerals, including pyrite and lesser arsenopyrite, sphalerite and chalcopyrite, are disseminated in the matrix of the breccia and locally form rims around clasts. Some breccia clasts are mineralized with disseminated pyrite and arsenopyrite and cut by sulphide veinlets. In the most well-mineralized drill intersections, the groundmass is almost completely replaced by sulphide minerals.

About QuestEx

QuestEx Gold & Copper Ltd. is exploring for gold and copper with a focus on the Golden Triangle and Toodoggone areas of British Columbia, Canada. It has a 100% ownership interest in one of the largest portfolios of mineral tenures in British Columbia's metal-rich Golden Triangle. The portfolio includes the 312 square km KSP property, which is surrounded by some of the most important past and current mining and development projects in British Columbia (e.g. Eskay Creek, Snip, Brucejack, KSM, Johnny Mountain). In 2022, QuestEx intends to release a NI 43-101 Mineral Resource Estimate for the Inel gold system, located on the KSP property. In the northern corner of the Golden Triangle in the Red Chris mining district, QuestEx's portfolio includes the Castle property, a porphyry copper-gold project located adjacent to Newmont's Tatogga property, and along trend of the Saddle North porphyry copper-gold deposit (more than10 million ounces gold, in all categories). Other properties include North ROK, Coyote, and Kingpin in the Golden Triangle, Sofia in the Toodoggone district, and Heart Peaks and Hit in other strategic districts within British Columbia. These assets are being advanced by a newly assembled technical and management team with experience in exploration, permitting and discovery.

Contact:

Joseph Mullin

Tel: (250) 768-1511

Web: www.questex.ca

(C) 2022 Electronic News Publishing, source ENP Newswire