Quest Rare Minerals Ltd. announced the drill results from the 2014 winter drill program at its Misery Lake Project. The Misery Lake Property consists of a single claim block comprising 170 claims covering an area of 8,334 hectares. The property is located 120 km south of Quest's Strange Lake rare earth development project.

The drill holes have intersected strong REE mineralization containing significant concentrations of the element scandium from a new area of mineralization, called the 'Boulder Zone' at the northeastern corner of the property. The Misery Lake drill program commenced on March 30, 2014 and was completed on April 20, 2014. A total of 7 holes were drilled for 1,437 meters.

A new mineralized zone, the 'Boulder Zone', was traced back to its bedrock source from a previously-identified 7-km long, 065deg-trending rare earth element (REE) mineralized boulder field. The zone was intersected in three drillholes (ML14026, ML14028 and ML14029) over an east-west strike length of 200 m and vertically to 200 m. Quest has yet to confirm the dip of the new zone but early indications are that it is sub-vertical to steeply south-dipping and open along strike in both directions and at depth. Mineralized core intersections of between 27.6 m and 199.69 m were returned from the drilling.

Best assays returned 1.48% total rare earth oxides plus yttrium (TREO+Y(1)) over 62.8 m (drillhole ML14026) including 1.72% TREO+Y(1) over 27.6 m. The drilling results also returned important levels of scandium oxide between 0.0235% to 0.0351% over the drilled intervals.