Quest Rare Minerals to trade on NYSE Amex May 23

2011-05-18 17:46 ET - News Release

Mr. Peter Cashin reports

QUEST RARE MINERALS TO TRADE ON NYSE AMEX

Quest Rare Minerals Ltd. has been approved for listing on the New York Stock Exchange Amex. Quest's common shares will commence trading on NYSE Amex on Monday, May 23, 2011, under the symbol QRM.

"We are pleased to welcome Quest Rare Minerals to the NYSE Euronext family of listed companies," said Scott Cutler, executive vice-president and co-head of U.S. listings and cash execution, NYSE Euronext. "Quest Rare Minerals and its shareholders will benefit from the superior market quality, services and technology provided by NYSE Amex. We look forward to a great partnership."

"We are very pleased that our shares will start trading on NYSE Amex," said Peter J. Cashin, Quest's president and chief executive officer. "This will facilitate trading in our shares by investors in the United States. In addition, our listing on NYSE Amex will increase Quest's exposure to the U.S. investment community."

Quest's registration statement on Form 40-F, filed with the United States Securities and Exchange Commission pursuant to Section 12 of the United States Securities Exchange Act of 1934, has been declared effective by the SEC. Quest filed the registration statement on Form 40-F in connection with its application to list on NYSE Amex. A copy of Quest's Form 40-F is available on EDGAR.

The listing on NYSE Amex will not affect Quest's listing on the TSX Venture Exchange, where Quest will continue to trade under the symbol QRM.

We seek Safe Harbor.