Northquest Ltd. ("Northquest") (TSX VENTURE:NQ) wishes to announce that it has
today granted an aggregate of 175,000 stock options to directors, officers and a
consultant of Northquest, each such stock option entitling the holder thereof to
acquire one common share of Northquest at an exercise price of $0.92 for a
period of five years. One-third of such stock options vest immediately,
one-third shall vest on the first anniversary of the date of grant, and
one-third shall vest on the second anniversary of the date of grant. 


Northquest is a mineral exploration company focused on the acquisition,
exploration and development of properties for the mining of gold and other
minerals.