Northquest Ltd. commences drilling at the Pistol Bay Gold Project, Nunavut, Canada

TORONTO, July 16, 2012 /CNW/ - Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) ("Northquest" or "the Company") announces that it has commenced the second phase of exploratory drilling at the Pistol Bay Project, Nunavut, Canada.  The project consists of 575 square kilometres of mineral rights covering a 35 kilometre strike length of prospective stratigraphy containing numerous gold occurrences.  Drilling will be focussed on three of the known occurrences.

This phase of drilling will consist of at least 2,500 metres of diamond drilling.  The results of this drilling program will be released upon receipt and verification of the drilling assays.

Northquest is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals.  Northquest has 25,315,823 shares outstanding (38,345,035 on a fully diluted basis).  For further information please visit www.northquest.biz.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


SOURCE Northquest Ltd.

For further information:

Dr. Jon North
President and Chief Executive Officer
Tel. (416) 306-0202

Tanya Mahadeo
Investor Relations
Tel. (416) 306-0486

Profil de l'entreprise

Northquest Ltd.

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