Quest Drilling Expands High Grade B-Zone Pegmatite Mineralization, Returns Up to 51.9 Metres at 1.66% TREO, Strange Lake, Quebec

Quest Rare Minerals Ltd. TSX VENTURE: QRM

report the additional results from 2010 diamond drilling of their B-Zone rare earth element (REE) deposit.

Highlights:

- B-Zone drilling continues to firm up and expand the size of the high grade mineralized surface Pegmatite spine for over 1.2 km in strike length, with widths varying from 175 to 550 m and vertical thickness from 10.0 to over 191.0 metres

- Multiple, high grade intersections of between 1.13% and 6.08% TREO over widths of 1.18m and 191.3m characterize all holes drilled into the surface pegmatite zone, within a larger, 171.5 and 215.4 m-thick, mineralized envelope grading between 0.87%-1.08% TREO

- Deepening of 2009 drillholes into the B-Zone deposit have extended the granite hosted mineralization from a maximum vertical thickness of 135.2 m to over 309 m vertical

- The current round of reported drilling did not fully probe the vertical extent of the mineralized system as the objective of the current drilling is to detail the geometry of the surface high grade pegmatite

About Quest Rare Minerals

Quest Rare Minerals Ltd. is a Canadian-based, exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. The Corporation is publicly listed on the TSX Venture Exchange as "QRM" and is led by a highly respected management and technical team with a proven mine finding track record. Quest is currently advancing several high potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec, the Kenora area of northwestern Ontario and the Plaster Rock area of northwestern New Brunswick.

Last: 4.95Range: 5.72-1.74Market Cap: 43.6 Million

Foundation Resources Inc.: 44.50 m Zone Averaging 1.26 g/t Gold Including 3.83 g/t Gold Over 7.40 m and 7.14 g/t Gold Over 2.95 m Intersected at Coldstream, Ontario

Foundation Resources Inc. (TSX VENTURE:FDN)

announce assay results from four more completed drill holes of its 8,000 metre summer drill program on the East Coldstream Deposit located within its Coldstream Property (the "Property") in Ontario.

Foundation, the operator of the program, has an option to earn up to a 70% interest in the Property from Alto Ventures Ltd.

Key Point Summary:

• 44.50 metre-wide zone averaging 1.26 g/t gold including 3.83 g/t gold over 7.40 m, 7.14 g/t gold over 2.95 m and 2.13 g/t gold over 8.50 m (Hole C-10-45)

• 30.10 metre-wide zone averaging 1.34 g/t gold including 10.01 g/t gold over 2.95 m (Hole C-10-42)

• 27.50 metre-wide zone averaging 1.15 g/t gold including 1.55 g/t gold over 17.70 m and 2.62 g/t gold over 3.30 m (Hole C-10-46)

About Foundation Resources Inc.:

Foundation is a mineral exploration company focused on exploration and development of high potential gold properties in Canada and Mexico. Its Coldstream Property is located in the Western Superior geological province of the Canadian Shield, which is noted for hosting prolific gold deposits in Ontario, Canada. The San Rafael property is located approximately 150 km northwest of Durango in the Durango State, Mexico.

Last: 0.35Range: 0.90-0.13Market Cap: 4.42million

Tirex Intersects 7.7 m (25.3 ft) of 5.23% Copper, 1.84% Zinc, 57 g/t Silver and 4.6 g/t Gold at Gurthi South No. 1

Tirex Resources Ltd. (TSX VENTURE:TXX)

Tirex Resources Ltd. announce drill results from the Gurthi South No. 1 Zone in the company's Mirdita VMS Project in Albania.

Results are highlighted by drill hole MR10-60 which intersected a thick, high grade zone assaying 5.23% Copper, 1.84% Zinc, 57 g/t Silver, and 4.6 g/t Gold across 7.7 m (25.3 ft) including 6.92% Cu, 2.53% Zn, 84.6 g/t Ag and 6.8 g/t Au over 4.0 m (13.1 ft) and including 7.50% Cu, 3.78% Zn, 124.6 g/t Ag and 8.2 g/t Au across 2.0 m (6.6 ft). These intervals are close to true width.

MR10-60 is a step out hole drilled 60m west of previous drilling on this zone and is the first hole drilled in Tirex's recently commenced phase of drilling.

About

Tirex Resources Ltd. was formed to conduct mineral exploration and development activities in Albania. Tirex has acquired the 553km2 Mirdita property covering most of the traditional Albanian Mining District.

Last: 0.46

Range: 0.67-0.12

Market Cap: 25.59 Million

GIGOPTIX Announces Record Revenues for Third Quarter 2010

GigOptix, Inc. (OTCBB: GGOX), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced its financial results for the third quarter ended October 3, 2010.

Third Quarter and Recent Highlights:

Reported record quarterly revenue of $7.2 million, an increase of 15 percent over prior quarter and an increase of 130 percent over the third quarter of 2009;

Achieved first time non-GAAP profitability of $0.3 million and reported a GAAP loss of $0.4 million; Achieved positive adjusted EBITDA of $0.9 million, compared to $0.2 million in the previous quarter;

Gross profit on a GAAP basis for the third quarter of 2010 was $3.8 million, compared to $1.8 million for the same period in 2009 and $3.5 million for the second quarter of 2010.

GAAP gross margin for the period was 53 percent, compared to 58 percent during the third quarter of 2009 and 56 percent for the second quarter of 2010.

Non-GAAP gross profit was $4.0 million, an increase of approximately 104 percent compared to $1.9 million in the third quarter of 2009 and an increase of 9 percent compared to the second quarter of 2010.

GigOptix is a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G fiber-optic telecommunications and data-communications networks. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and receiver amplifiers for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G.

lAST trade: 2.4052 Week: 2,95 – 1.60Market Cap: 29.09 Million