QuestEx Gold & Copper commences trading on the OTCQX Best Market under symbol CLASF

Rhea-AI Summary

QuestEx Gold & Copper Ltd. (OTCQX: CLASF) has received approval to commence trading on the OTCQX Best Market effective November 17, 2021. This upgrade signifies adherence to stringent financial standards and corporate governance, aimed at enhancing liquidity and visibility in the U.S. market. Joe Mullin, CEO, emphasized the importance of U.S. investors in QuestEx's growth strategy, enabling easier access to securities. The company holds significant mineral tenures in British Columbia, including the KSP property, and plans to release a NI 43-101 mineral resource estimate for the Inel gold system in 2022.

Positive

• Commenced trading on the OTCQX Best Market, enhancing visibility and liquidity.
• Compliance with high financial standards and corporate governance may attract more investors.
• Plans to release NI 43-101 mineral resource estimate in 2022, potentially increasing investor interest.

Negative

• None.

VANCOUVER, BC, Nov. 17, 2021 /PRNewswire/ - QuestEx Gold & Copper Ltd. (TSXV: QEX) (OTCQX: CLASF) ("QuestEx" or the "Company"), is pleased to announce that it has received approval from OTC Markets Group Inc. for trading on the OTCQX Best Market under the symbol CLASF, effective November 17, 2021. QuestEx's common shares will continue to trade on the TSX Venture Exchange under the symbol QEX.

The OTCQX Best Market, the highest market tier of OTC Markets, is for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Upgrading to the OTCQX Best Market is anticipated to provide improved liquidity, an enhanced trading experience for current and potential U.S. inve3stors and exposes the Company to a broader market.

Joe Mullin, QuestEx's CEO comments: "U.S. based retail and institutional investors have always been a valued part of the QuestEx investor base. Our graduation to the top tier OTCQX market is a key step in advancing our commitment to our U.S. investors and the U.S. market by providing investors with easier access to QuestEx securities as well as the Company having heightened visibility."

Securities Law USA, PLLC acted as the Company's OTCQX sponsor.  

About QuestEx
QuestEx Gold & Copper Ltd. is exploring for gold and copper with a focus on the Golden Triangle and Toodoggone areas of British Columbia, Canada. It has 100% ownership of one of the largest portfolios of mineral tenures in British Columbia's metal-rich Golden Triangle. The portfolio includes the 312 square kilometre KSP property, which is surrounded by some of the most important past and current mining and development projects in British Columbia (e.g. Eskay Creek, Snip, Brucejack, KSM, Johnny Mountain); QuestEx intends to release a NI 43-101 mineral resource estimate for the Inel gold system, located on the KSP property, in 2022. In the northern corner of the Golden Triangle in the Red Chris mining district QuestEx's portfolio includes the Castle property, a porphyry copper-gold project located adjacent to Newmont's Tatogga property, and along trend of the Saddle North porphyry copper-gold deposit (>10 million ounces gold, in all categories). Other properties include North ROK, Coyote, and Kingpin in the Golden Triangle, Sofia in the Toodoggone district, and Heart Peaks and Hit in other strategic districts within British Columbia. These assets are being advanced by a newly assembled technical and management team with experience in exploration, permitting and discovery.
We seek safe harbor.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for over 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, the OTC Markets Group connects a diverse network of broker-dealers that provide liquidity and execution services. The OTC Markets Group enable investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors. To learn more about how OTC Markets Group Inc. creates better informed and more efficient markets, visit www.otcmarkets.com.

We seek safe harbour.

ON BEHALF OF THE BOARD OF DIRECTORS OF QUESTEX GOLD & COPPER LTD.
"Joseph Mullin"
Joseph Mullin
Chief Executive Officer and Director

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of TSX-V) accepts responsibility for the adequacy or accuracy of this release.

NR 21-19

Cautionary Note Regarding Forward-Looking Statements

All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators as well as the risk that the ongoing COVID-19 pandemic may have on the Company's business. Important factors could cause actual results to differ materially from QuestEx expectations. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. QuestEx does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

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SOURCE QuestEx Gold & Copper Ltd.

FAQ

What does the OTCQX Best Market signify for QuestEx (CLASF)?

The OTCQX Best Market signifies that QuestEx meets high financial standards and corporate governance, enhancing its visibility and liquidity for investors.

When did QuestEx start trading on the OTCQX Best Market?

QuestEx began trading on the OTCQX Best Market on November 17, 2021.

What are the implications of QuestEx's transition to OTCQX for its investors?

The transition to OTCQX is expected to provide a better trading experience and easier access to QuestEx securities for U.S. investors.

What property is QuestEx planning to release a mineral resource estimate for in 2022?

QuestEx plans to release a NI 43-101 mineral resource estimate for the Inel gold system, located on the KSP property.

What is the main focus of QuestEx Gold & Copper Ltd.?

QuestEx focuses on exploring for gold and copper, specifically in the Golden Triangle and Toodoggone areas of British Columbia.