QUEST TO APPLY FOR LISTING ON THE TSX VENTURE EXCHANGE

Montreal, June 5, 2017 - Quest Rare Minerals Ltd. (TSX: QRM) (Quest) announced today that as a cost-saving measure, it will apply for listing on the TSX Venture Exchange (“TSX-V”) and for voluntary delisting from the Toronto Stock Exchange (“TSX”).  Quest expects that the transition from the TSX to the TSX-V will be completed within the next 60 days in a seamless manner, in accordance with the streamlined listing procedures of the TSX-V for companies transferring from the TSX, and that there will be no interruption in the ability of shareholders and investors to trade shares of Quest.  Quest will issue a subsequent news release in advance of its expected listing on the TSX-V and concurrent delisting from the TSX.

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.
+ 514 878-3551
info@questrareminerals.com

1 Patent Pending