Quest Rare Minerals to Commence Trading on Toronto Stock Exchange (ccnm)

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2012) - Quest Rare Minerals Ltd. (TSX VENTURE:QRM)(NYSE Amex:QRM) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange at the opening of the market on Thursday, March 1, 2012. Quest's common shares will be delisted from the TSX Venture Exchange concurrent with the commencement of trading on the TSX. Quest's shares will continue to trade under the current stock symbol "QRM". Quest is also listed on NYSE Amex under the same trading symbol.

"Following our listing on NYSE Amex in 2011, graduation to the TSX is an important milestone in Quest's evolution as an important rare earth development story," said Peter J. Cashin, Quest's President and CEO. "We believe that the TSX listing will elevate Quest's profile with institutional investors and provide enhanced liquidity for Quest's shares."