Policy and Procedures for the Receipt, Retention
and Treatment of Complaints
Including Accounting or Auditing Matters
Great Quest Metals Ltd. and its subsidiaries (collectively, the "Company"), is committed to the highest standards of openness, honesty and accountability that its various stakeholders are entitled to expect.
The Audit Committee of the Board of Directors of the Company has established the following procedures for the receipt, retention and treatment of complaints or submissions regarding accounting, internal accounting controls or auditing matters (in this policy, a "complaint"), as required under Multilateral Instrument 52-110 promulgated by the Canadian Securities Administrators.
General Complaint Procedure:
Anyone may file a complaint by posting it to the Corporate Secretary, at 515, Suite 475 Howe Street, Vancouver, B.C. Canada V6C 2B3. The Corporate Secretary will forward the complaint (unopened) to the Chair of the Audit Committee.
Confidential, Anonymous Employee Submissions:
In addition to the General Complaint Procedure set out above, an employee of the Company may submit a confidential, anonymous complaint regarding a questionable accounting or auditing matter by forwarding it in a sealed envelope marked and addressed as follows:
Confidential Employee Concern
President & CEO
Great Quest Metals Ltd.
515 - 475 Howe Street
Vancouver, BC V6C 2B3
The President/CEO will forward the sealed envelope (unopened) to the Chair of the Audit Committee.
Following the receipt of any complaints submitted hereunder, the Audit Committee will address each matter so reported, and corrective and disciplinary actions will be taken, if appropriate. The Audit Committee shall determine the steps and procedures to be taken to address the complaint and whether an investigation is appropriate and, if so, what form such investigation should take (for example whether external investigators should be employed, the timing of such investigation and other such matters as are deemed appropriate in the circumstances).
All complaints filed pursuant to this Policy will be addressed internally on a confidential basis. In conducting any investigation, the Audit Committee shall use reasonable efforts to protect the confidentiality and anonymity of the complainant.
Safeguards Against Retaliation, Harassment or Victimization
The Company understands and acknowledges that an employee's decision to report or raise a complaint can be a difficult one to make. Employees who raise serious concerns should have nothing to fear. The Company will not tolerate any retaliation, harassment or victimization (including informal pressures) and shall take appropriate action to protect employees who raise any complaint under this Policy in good faith.
Retention of Records
Records of any complaints shall be maintained by the Audit Committee or its designee for a period of at least 7 years.
Dated: ___________________________________, 2012.