Great Quest Metals Ltd GQ Shares issued 10,519,147 May 2 close $0.44 Mon 5 May 2003 News Release Mr. Willis Osborne reports GREAT QUEST ANNOUNCES RESULTS OF A PRELIMINARY EXPLORATION PROGRAM ON THE NIARAGUI CONCESSION Great Quest Metals has released the results of a geological mapping, soil sampling and pitting program on the Niaragui concession, which is the northern concession in the Bourdala group of concessions. The initial goal of the program was to learn as much as possible about the area where a gold sample of 57.04 grams per tonne gold had previously been taken. All samples were taken at the bottom of 1.0-metre diameter pits. The area represents a fifth drill target to be tested this fall. All of the pits were dug to a depth of four to seven metres with the exception of pits C, D and H, which are 1.0 to 1.5 metres deep. These three pits were shallow because of the fact that the hand miners were unable to break through the layer of laterite, and the samples from these pits are not necessarily good indicators of what occurs below. Pit J is in alluvium or stream transported material. Results of the sampling in the pits as well as the location of the pits in relation to pit A occur in the table below:
Pit Distance Direction Au from from (g/t) pit A (m) pit A
A - - 0.18 Previous pit 3 S 57.08 B 13 N 2.81 C 50 N 0.08 D 50 N 0.22 F 18 S 23.23 G 27 S 0.88 H 37 S 0.27 I 6 E 77.20 J 100 SW 0.02
Previous sampling from two pits 275 metres south-southwest and 330 metres east of pit A gave results of 2.32 and 0.04 g/t gold, respectively. Two samples from one pit, 500 metres south-southeast of pit A, assayed 0.05 and 23.54 g/t gold. At the present time it is not known how these relate to the above mineralization. A strip 400 metres wide and 2,200 metres long was soil sampled. The long axis was oriented north-south, and the grid is just east of the pitting. Lines are east-west with samples every 100 metres. There is a 500-metre gap where a large area of orpaillage, or hand dug pits, occurs. The samples define a 1,500-metre-long area anomalous in gold with soil samples ranging from 22 to 490 parts per billion gold.