Great Quest Fertilizer Expands Portfolio with Strategic Acquisition in Namibia's Damara Gold and Lithium Projects - Seite 3

Phosphate

The Tilemsi phosphate project remains in good standing under force majeure, Great Quest management is carefully watching the geopolitical situation in Northern Mali before committing to any new work on the phosphate project.

Qualified Person

The scientific and technical information in this release has been reviewed and approved by Dr. Andreas Rompel, Pr.Sci.Nat. (400274/04), FSAIMM, the Company’s “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

The technical information relating to the historical exploration conducted on the Projects is historical in nature and has not been independently verified by Great Quest. A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Great Quest to classify the historical exploration results reported above as current mineral resources or mineral reserves and Great Quest is not treating the historical exploration results as current mineral resources or mineral reserves.

About Great Quest

Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African gold projects. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 km² located in the Kayes region to the West of Mali and developing the Tilemsi Phosphate Project a 1,206 km² parcel in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.

ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.

Jed Richardson

President, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information

This news release may contain forward-looking statements. Forward-looking statements include, without limitation, the Transaction, including the conditions to closing and the timing to complete the Transaction, the Company’s plans for and expectations of the Projects, the prospectivity of the Company’s existing mineral projects, the geopolitical situation in Mali, the Company’s ability to raise adequate financing and the Company’s future plans . These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

CONTACT: For more information:

Jed Richardson
[phone]
[e-mail]