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Great Quest Retains Javelin Partners as Corporate Development Advisors
GQ Logo
Suite 515, 475 Howe Street
Vancouver, BC, Canada V6C 2B3
Tel: 604-689-2882 Website: www.greatquest.com
Fax: 604-684-5854 Email:
December 8, 2010
Great Quest Retains Javelin Partners as Corporate Development Advisors
VANCOUVER, BC - Victor J.E.
Jones, Chairman and CFO of Great Quest Metals
Ltd.
(TSXV: GQ; Frankfurt: GQM), is pleased to announce the commencement of
a 12 month engagement with Javelin Corporate Development Partners Inc.
("Javelin" or "Javelin Partners") to take on the role of development advisor
to the Company and its international subsidiaries which direct and manage
its exploration activities in Mali, West Africa.
Services to be spearheaded
by Javelin include: corporate strategy, forecasting, news flow planning,
investor relations consulting, the creation of marketing materials and other
corporate development duties targeting the mining sector.
Such services
will not include market making activities.
In consideration of the services to be provided, the Company has agreed to
pay Javelin Partners a monthly retainer of C$10,000 over the term of the
engagement from its working capital.
Jed Richardson, who is a director of Great Quest Metals Ltd., is also a
major shareholder and director of Javelin, owns 265,000 shares of Great
Quest Metals Ltd.
and holds options to purchase an additional 300,000 shares
of the Company, as previously announced.
Mr.
Richardson will continue as a
director of Great Quest Metals Ltd.
About Javelin Partners
Javelin Corporate Development Partners is a Toronto based mining industry
consulting firm that assists junior resource companies in effectively
communicating their business strategies and activities to the market.
Clients are selected in instances where Javelin has identified opportunities
to unlock and expose previously unrealized shareholder value.
Launched in
October 2010, the Javelin Partners team is headed by Jed Richardson,
Principal.
ON BEHALF OF THE BOARD OF DIRECTORS
OF GREAT QUEST METALS LTD.
"Victor J.E.
Jones"
Victor J.E.
Jones
Chairman
For additional information please contact:
12g3-2(b) Exemption #82-3116
Investor Relations:
Standard & Poors Listed
George Butterworth: 604-689-2882
Trading Symbol: GQ Frankfurt Exchange: GQM
Toll Free: 877-325-3838
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
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.
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