Northquest Ltd. Announces Cancellation of Special Meeting of Shareholders

30 August 2016

July 5, 2016
TORONTO, CANADA – Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) (the “Company”) announces that its board of directors has determined that a special meeting of shareholders of the Company to deal with a requisition by Nordgold SE (“Nordgold”) to consider an ordinary resolution to remove each of the directors of the Company and to elect Nordgold’s nominees as directors of the Company (the “Meeting”), initially scheduled to be held on May 2, 2016 and ultimately postponed to July 20, 2016, be cancelled.