Quest Announces Results of Annual Meeting

MONTREAL, QUEBEC--(Marketwired - May 1, 2017) - Quest Rare Minerals Ltd. (TSX:QRM) is pleased to announce that all of the nominees listed in its management proxy circular dated March 30, 2017 were re-elected as directors at Quest's annual and special meeting of shareholders held today in Montreal.

At the meeting, a ballot was conducted for the election of directors. The following individuals were re-elected as directors of Quest, with the following results:

Director biographies are available in the Board of Directors section of Quest's website at www.questrareminerals.com.

At the meeting, Quest's shareholders also adopted resolutions approving amendments to the Restricted Share Unit Plan and to the Deferred Share Unit Plan of the Corporation, respectively, so as to increase in each case from 750,000 to 2,750,000 the number of common shares which are available for issuance from treasury under the Plan. Shareholders also re-appointed Ernst & Young LLP as Quest's auditor.

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.

¹ Patent Pending