MONTRÉAL, QUÉBEC–(Marketwired – May 5, 2016) – Quest Rare Minerals Ltd. (TSX:QRM) is pleased to announce that all of the nominees listed in its management proxy circular dated March 28, 2016, were re-elected as directors at Quest’s annual and special meeting of shareholders held yesterday in Montreal.
According to proxies received and ballots cast at the meeting, the following individuals were re-elected as directors of Quest, with the following results:
| Name of Nominee | Votes for | % | Votes Withheld | % |
| Yves Beauchamp | 12,839,143 | 96.56 | 457,878 | 3.44 |
| Ronny Kay | 12,508,433 | 94.07 | 788,588 | 5.93 |
| Pierre Lortie | 12,385,143 | 93.14 | 911,878 | 6.86 |
| Prashant Pathak | 12,163,187 | 91.47 | 1,133,834 | 8.53 |
| Michael Pesner | 12,761,133 | 95.97 | 535,588 | 4.03 |
| Neil Wiener | 12,779,423 | 96.11 | 517,598 | 3.89 |
The biographies of the Directors are available in the Board of Directors section of Quest’s website.
At the meeting, Quest’s shareholders also adopted a special resolution authorizing an amendment to Quest’s Articles so as to change Quest’s name to “Quest Rare Metals Ltd. – Métaux Rare Quest Ltée”, and re-appointed Ernst & Young LLP as Quest’s auditors.
“Quest Rare Metals better aligns the Company’s name with its strategy to become a world class supplier of rare earth metal oxides,” stated Quest Executive Chairman Pierre Lortie. “Our leadership team believes the time has come to rebrand the Company to better reflect what we do, and to distinguish our purpose as a significant participant in the rare earth elements material supply chain.”
Remarks and presentation of Pierre Lortie Executive Chairman at the Annual General Meeting of Shareholders can be found on Quest’s website.
About Quest
Quest Rare Minerals Ltd. (“Quest”) is a Canadian-based company focused on becoming an integrated producer of rare earth metal oxides and a significant participant in the rare earth elements (REE) material supply chain. Quest is led by a management team with in-depth experience in chemical and metallurgical processing. Quest’s objective is the establishment of major hydrometallurgical and refining facilities in Bécancour, Québec, to separate and produce strategically critical rare earth metal oxides. These industrial facilities will process mineral concentrates extracted from Quest’s Strange Lake mining properties in northern Québec and recycle lamp phosphors utilizing Quest’s efficient, eco-friendly “Selective Thermal Sulphation (STS)”1 process.
Forward-Looking Statements
This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, objectives or performance of Quest, including the Strange Lake Rare Earth Project’s technical and pre-economic feasibility, future financing by Quest, or the assumptions underlying any of the foregoing. In this news release, words such as “may,” “would,” “could,” “will,” “likely,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether-or the times at or by which-such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the Strange Lake Rare Earth Project or any financing by Quest, or if any of them do so, what benefits Quest will derive from them.
Forward-looking statements and information are based on information available at the time, and/or management’s good-faith belief with respect to future events, and are subject to known or unknown risks, uncertainties, assumptions, and other unpredictable factors, many of which are beyond Quest’s control. These risks, uncertainties and assumptions include, but are not limited to, estimates relating to capital costs and operating costs based upon anticipated tonnage and grades of resources to be mined and processed, and the expected recovery rates, together with those described under “Risk Factors” under “Risk Factors” in Quest’s annual information form dated January 25, 2016, and under “Risk Factors” in Quest’s Management’s Discussion and Analysis for the fiscal year ended October 31, 2015, all of which are available on SEDAR at http://www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Quest does not intend, nor does Quest undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable law.
1 Patent Pending
Vice President, Communications
Quest Rare Minerals Ltd.
+ 514-878-3551
info@questrareminerals.com