Annual and Special General Meeting; Approval and Ratification of Stock Option Plan
VANCOUVER, BC - Willis W. Osborne, President of Great Quest Metals Ltd. (TSX Venture Exchange: GQ), wishes to inform that the Company held its Annual and Special General Meeting on June 2, 2005 at which time Willis W. Osborne, Victor J.E. Jones, Mahamdou Keita, and Robert Veitch were re-elected to the Company's board of directors. The following persons were appointed as officers: Willis W. Osborne as Chief Executive Officer and Chief Financial Officer and Jennifer Nestoruk as Secretary.
The Company announces that at the Annual and Special General Meeting, it submitted an amendment to the Company's Stock Option Plan (the "Plan") that the Company approve and ratify, subject to regulatory approval, the Plan pursuant to which the directors may, from time to time, authorize the issuance of options to directors, officers, employees and service providers of the Company and its subsidiaries to a maximum of 10% of the issued and outstanding common shares at the time of the grant, with a maximum of 5% of the Company's issued and outstanding shares being reserved to any one person on a yearly basis.
Results on assays on core from an additional two holes in the Company's drill program on the Kenieba concession in Mali, West Africa, are due next week.
ON BEHALF OF THE BOARD OF DIRECTORS
"Willis W. Osborne"
Willis W. Osborne