VANCOUVER - Lithoquest Resources Inc. (TSX-V: LDI) (the 'Company') today announced that it has completed the twelve-month option payment to Landore Resources Canada ('Landore') in connection with its Option Agreement to acquire a 100% interest in two gold projects located in northwest Ontario: the 5,494 ha Miminiska Gold Project and the 12,482 ha Keezhik Gold Project.

The payment consisted of $250,000 cash and the issuance of 3,421,916 common shares at a deemed price of $0.146117 per share to Landore.

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.

Contact:

Tel: +1 (604) 506-2804

Email: bcounts@lithoquest.com

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