Quest Rare Minerals common shares to be delisted from the TSX

Montréal, Québec, (Globenewswire – July 13 2017) - Quest Rare Minerals Ltd. (TSX: QRM) (the "Company" or "Quest") received notice that the Continued Listings Committee of the Toronto Stock Exchange ("TSX") has determined to delist the Company's securities effective at the close of market on August 11 2017. The Company does not intend to appeal the decision. The securities will remain suspended from trading.

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.

For information:

Julie Masse
Vice‑President, Communications
Quest Rare Minerals Ltd.
+514 228-0377
info@questrareminerals.com

1 Patented