Northquest Ltd. Announces Drilling Results from the Pistol Bay Gold Project, Nunavut, Canada

26 October 2015

PB-15-04 Intersects 24 Metres Grading 2.95 Grams Gold per Tonne at the Vickers Target

***FOR IMMEDIATE RELEASE

October 26, 2015

TORONTO, CANADA – Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) (“Northquest” or “the Company”) is pleased to announce the first batch of 2015 drilling results from the Pistol Bay Gold Project, Nunavut, Canada. The project covers a 90 kilometre strike length of a gold bearing trend known as the Pistol Bay Trend, which contains a west-trending series of gold occurrences and gold zones intersected in holes drilled by Northquest in 2011, 2012, 2013, and 2014. In the past 5 years, since field operations commenced in April 2011, the Company has completed three airborne geophysical surveys and 21,750 metres of diamond drilling in 100 drill holes, of which 17,195 metres of drilling and 69 drill holes were completed at the Vickers Target.