VANCOUVER - Lithoquest Resources Inc. (TSXV: LDI) ('Lithoquest' or the 'Company') today announced that it has entered into an Option Agreement to acquire a 100% interest in the 615ha Gold Standard Project located in northwest Ontario.

The Company has also staked an additional 252 mineral claims surrounding the Gold Standard property, bringing the total project area to 5,953 ha.

'Gold Standard augments the Company's portfolio of projects in northwest Ontario,' commented Bruce Counts, President and CEO of Lithoquest Resources Inc. 'Historical work on the property supports the potential for a major discovery, the area is under-explored, and it can be acquired and advanced inexpensively.'

Gold Standard Project Highlights

Option to earn a 100% interest in claims covering historical high-grade gold workings

Results from work conducted by the vendors near the historical workings include 471 g/t Au and 450 g/t Au from bedrock grab samples as well as 113 g/t Au over 1.2m from a chip sample

Minimal exploration work has been completed in the project area. No holes have been drilled near the historical workings and there are only 4 holes on the property with the last completed in 1971.

About Lithoquest Resources Inc.

Lithoquest is a Canadian mineral exploration company focused on the discovery and development of economic precious and base metal deposits on four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood and Gold Standard.

Forward Looking Information

This news release includes certain information that may constitute 'forward-looking information' under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company's strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Tel: +1 (604) 506-2804

Email: bcounts@lithoquest.com

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