1. Click to edit Master title style
TSX-V:GQ
CORPORATE PRESENTATION
NOVEMBER 2012

2. Disclaimer
This presentation contains forward-looking statements or forward-looking information within the meaning of applicable
securities legislation (hereinafter collectively referred to as "forward-looking statements") concerning the Company's plans
for its properties, projects, operations, subsidiaries and other matters. These statements relate to analyses and other
information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of
management regarding operations of the Company which are subject to a variety of business and market risks, including
political and regulatory risks associated with mining and exploration in Mali.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or
"does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that
certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be forward-looking statements.
These forward-looking statements are based on certain assumptions which the Company believes are reasonable, however,
forward-looking statements are subject to a variety of business and political risks and uncertainties. Some of the important
risks and uncertainties that could affect forward-looking statements are also described in the Company's continuous
disclosure filings made with Canadian securities regulatory authorities, which are available at the SEDAR website and on the
Company’s website. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, they may adversely affect the Company’s business and prospects and actual results may vary materially from
those described in forward-looking statements. Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-
looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required by
applicable laws. Investors are therefore cautioned against placing undue reliance on forward-looking statements.
The technical information in this presentation has been reviewed by Jed Diner, MSc. P.Geol., a qualified person as defined by
National Instrument 43-101.
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3. Tilemsi Phosphate – GQ Flagship Project
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4. Advancing Tilemsi Phosphate Project
SHARE INFORMATION
PROJECT HIGHLIGHTS TSX-V: GQ
SHARES OUTSTANDING 44.7 m
• 50 million tonnes inferred resource -OPTIONS 3.8 m
• High natural grade 24.3% P₂O₅ -WARRANTS 0.7m
• Significant upsizing potential FULLY DILUTED 49.3 m
52-WEEK LOW/HIGH $0.68/$3.71
• Strategic source of phosphate for
direct application fertilizer or as a 3-MONTH AVG. VOL. 20,927
NPK component 52-WEEK MARKET CAP $31.8/173.6m
DIRECTORS & OFFICERS 9%
As of October 2, 2012
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5. Investment Highlights
• Phosphate deposit regarded as strategic to solve regional food security
STRATEGIC DEPOSIT issues in the Sahel Region, West Africa (AGRA, IFDC)
• Effective fertilizer product with low OpEx and CapEx expectations
POSITIVE ATTRIBUTES • Strip minable – Near surface deposit (<10 meters on average)
• Simple production process proven by characterization tests
• 3 phosphate concessions with total surface of 1,206km²
UPSIZE POTENTIAL • Only 26 km² drilled to date (Drilling program - Phases 1 and 2, out of 4)
• Fast growing population (>2% pa) drive food demand in West Africa
MARKET POTENTIAL • Large agribusiness investments in West Africa
• Proximity to key agricultural markets in West Africa (<1,000 km radius)
LOGISTICAL ADVANTAGE • Ability to offer low farm-gate price thanks to market proximity
• Strong combined management and board expertise in mineral exploration
EXPERTISE in Africa and the global phosphate and fertilizer industry
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6. Board and Management
Board
John A. Clarke – Chairman Management
Former CEO of Nevsun Resources and
Executive Director of Ashanti Goldfields Joel Jeangrand
President, CEO and Director
Joel Jeangrand – Director Former CEO of Pan American Hydro and
Former CEO of Pan American Hydro; VP Corporate Development VP Corporate Development of Spur Ventures
of Spur Ventures with a phosphate project in China with a phosphate project in China.
Victor Jones – Director Jayram Hosanee
30 years of experience in senior executive and board positions
in public mineral exploration and technology companies
Chief Financial Officer
Former CFO at Mineral Hill and
Ehud Levy – Director Golden Dawn Minerals. Holds a CGA.
Phosphate manufacturing industry consultant with
a 30-year career with Bateman Engineering and Rotem
Mohammed Bouhsane
Chief Operating Officer
Gordon Peeling – Director Former Project Engineer in the Moroccan
President of Mining Association of Canada (MAC) with 30 years mining and metallurgy industries working for
of mining experience in the public and private sectors the ONA Group and OCP.
Jed Richardson – Director Candice Font
Former VP Corporate Development at Verde Potash and Investor Relations Manager
Institutional Equity Research Analyst at Cormark Securities
Former Media Project Manager for Africa
Investor, a specialised publication; and IR
David Shaw – Director Consultant at Silver Bull Resources.
Worked as Senior Mining Analyst at Yorkton Securities; initiated
and developed Resource Research Group at Charlton Securities 6

7. Deposit Attributes
With a high average phosphate grade and significant exploration
upside, the Tilemsi deposit has the potential
to become a world-class phosphate resource
TILEMSI PHOSPHATE
INITIAL INFERRED RESOURCE 50 million tonnes
AVERAGE PHOSPHATE GRADE 24.3% P₂O₅
CONCENTRATE GRADE 25-38% P₂O₅
Low levels of contaminants
CONCENTRATE QUALITY
(ie. cadmium)
BENEFICIATION Easy separation and treatment
Near surface
DEPOSIT DEPTH
Strip-minable potential
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8. Drilling Program to Expand Resource
Map of Tilemsi phosphate project showing our concessions
on remote sensing and drilling program (completed and planned)
5 km
Phases 1 and 2 of
Drilling Program completed 8

9. Product Development
GQ has successfully been conducting characterization tests
to determine the effectiveness of the potential product
Tilemsi natural phosphate (TNP) meets or exceeds market
specifications for beneficiation, solubility and granulation.
Characterization
tests indicate: TNP can be used as either as very low cost phosphate component
for blended NPK fertilizer or as a direct application fertilizer.
Test Results Impact
Screening at 850 microns to
Via simple screening process, the product can easily
BENEFICIATION achieve P2O5 grades
beneficiated to up to 36.8% P2O5 % P₂O₅
of 36.8%
71.1% soluble P2O5
The rock solubility shows that it is able to compete with other
in citric acid
SOLUBILITY 62.5% soluble P2O5
chemical fertilizers, as fertilizers’ effectiveness is based on
immediate availability of the nutrients
in formic acid
The product can easily be granulated, allowing the product to
Successfully produced
GRANULATION granules sized 1-4mm
withstand transportation and be used as a component of NPK
blended fertilizer
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10. Path to Product
1. Raw Material Phosphate Ore
2. Beneficiation Phosphate Rock Concentrate
Phosphoric Acid/
Sulfuric Acid Plant
Nitrophosphate Plant
3. Transformation
to Final Product, Nutrient Additives Ammonia Potash
incl. Granulation
SSP TSP DAP/MAP NPK
4. Primary use Direct Application Direct Application or Custom Mix Fertilizer
SSP: Single Superphosphate – TSP: Triple Superphosphate – MAP:Mono-Ammonium Phosphate - DAP: Di-Ammonium Phosphate
NPK: Nitrogen, Phosphate, Potassium 10

11. Target Markets and Infrastructure
GQ is well positioned to supply West Africa’s key
agricultural markets in high grade natural phosphate:
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12. Why is W. African agriculture dynamic ?
1. Africa - the next agricultural frontier to feed the world
• Only 23-30% of arable land in W. Africa is currently cultivated
• Low fertilizer usage (9kg/ha vs. 101kg/ha in the rest of the world)
2. Growing food demand require higher agriculture yields
• Fast growing population (>2% pa) in West Africa lead to higher food demand
• Dynamic and growing agribusiness sector attracting large foreign agribusiness investments
3. Poor soil quality requires mineral fertilizers
• West Africa’s soils generally fragile and unfertile
• Acidic soils require more phosphorus for higher agricultural productivity
4. Need for a local, low cost phosphate supplier
• Most phosphate are imported from overseas  long lead time, added costs
• High farm gate prices (up to 80% above world retail prices) due to high transportation
costs, market inefficiencies, taxes,…
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13. Regional Agricultural Activity
The use of fertilizers should be increased
Development of
to 50 kg/ha by 2015 (Africa Fertilizer
cash crops in West
Summit, 2006). The present use of
Africa (1980-2006)
fertilizers in Sub-Saharan Africa is only Source: FARM 2008
about 9 kg/ha of arable land, compared
to a world average of 101 kg/ha.
(FAOSTAT, 2009)
GQ target markets:
Principal production
and food crop locations
Source: Bureau Issala, JL Chaleard and SWAC
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14. Closing the (yield) gap in West Africa
These 2 graphs support the
case for more fertilizer use in
Africa, for higher agricultural
yield.
Gap between actual and
potential maize yields
Source: Jayne et al. 2009
4000 kg/ha 50,000
000s of hectares
45,000
3500
World 40,000
3000
35,000
2500
30,000
2000 25,000
20,000
1500
West Africa 15,000
1000
10,000
Cereal yield growth 500
5,000
vs. area harvested 0 0
Source: FAO 1961 1966 1971 1976 1981 1986 1991 1996 2001 2006 15

15. Achievements to date
• Initial prospecting license of Tilemsi phosphate Concession granted to GQ
• Phosphate Advisory Committee appointed for Mali phosphate project
• Appointment of new director signals focus on Malian phosphates
2010 • Sale of Kenieba gold concession to Avion Gold Corporation (now Endeavour Mining)
• Phosphate exploration permit granted for Tilemsi and Tarkint Est concessions
• Drilling phases I and II of Exploration Program completed.
• Tilemsi Phosphate Project receives 32.6Mt initial mineral resource estimate
2011 • Addition of Ader Foul concession extends the Tilemsi project area to 1,206 sq. km
• Bulk samples sent to MINTEL for metallurgical and processing analysis
• Promising characterisation tests received indicating high grade and reactivity of the rock
2012 • GQ files 2 technical reports and expand the inferred mineral resource to 50Mt
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16. Development Plans 2012-2015
 Q4 2012 Complete PEA
 Q1-Q2 2013 Resume Exploration Program
 Q3 2013 Complete Pre-Feasibility Study
 Q4 2013 - Q1 2014 Complete Feasibility Study
 2014 Complete Construction
 2015 Launch Production
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17. Tilemsi Project - Positive Attributes
High grade Potential for Low cost Growing
Proximity
phosphate significant product market
to markets
deposit upsizing expectation needs
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18. Appendices
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19. Tilemsi Exploration Program
Permit Drilling # of Holes and Total Resource Average Grade
STATUS Target Name Drilled Surface
Name Program Meters Drilled Estimate (P₂O₅)
Tin Hina 6.75 km² 141 holes totalling 1,717m 1.4m @ 24.2%
Tilemsi Phase I 32.6Mt
Alfatchafa 6.7 km² 128 holes totalling 3,218m 0.9m @ 22.0%
COMPLETED
5 km² but holes were
Tin Siriden
drilled along 3.7 km of line
48 holes drilled over
11.3 holes were drilled
Tarkint Est Phase II Chemanaguel 12.17 km² these 3 targets totalling 17.4 Mt 25.87%
along 9.1 km of line
608m
Tagit Holes were drilled along
N'Ouarane 11.1 km of line
Chemanaguel n.a n.a
Tarkint Est 55 km² 198 holes totalling 2,970 m
Tin Siriden n.a n.a
Phase III Alfatchafa 13.2 km² 125 holes totalling 1,875m n.a n.a
PLANNED
Tilemsi
Historical samples*
Tin Hina 128 holes totalling 1,920 m
1- 1.15m @ 26%
23.4 km² n.a
Ader Foul Ader Foul 180 holes totalling 2,700 m n.a
Historical samples*
Chemanaguel n.a
0.60-1.25m @ 28%
Tarkint Est Phase IV 55 km² 375 holes totalling 5,625m
Tin Siriden n.a n.a
* Historical results have not been confirmed 20

20. Resource Estimate
The NI 43-101 mineral resource reports provide
an inferred mineral resource estimate of 50 million tonnes
at a grade of 24.3% P2O5 (at a cut-off of 10% P2O5)
Drilling Cut-Off Tonnes Average Grade
Target Zone Strip Ratio
Campaign Grade (%) (000's) (P₂O₅ %)
Phase I Alfatchafa 10 12,538 22.16 15:01
Phase I Tin Hina 10 20,000 24.24 4.5:1
Phase II Tarkint Est 10 17,436 25.87 5.7:1
Phase I and II TOTAL 10 49,974 24.29 -
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21. Global Phosphate Industry
About phosphate
67% of global production
• Essential nutrient to plant and animal life concentrated in just 3 countries
• One of 3 key components of NPK fertilizers
• 90% of phosphate is used in fertilizers China
• No substitute for phosphorus in agriculture
USA
• Moroccan phosphate rock regarded as standard
Morocco
Fertilizer uses of phosphate rock Russia
Source: FAO
• Phosphoric Acid
Other
• Nitro Phosphate Fertilizers
• Basic Fertilizers (SSP, TSP)
Phosphorus deficiency symptoms in rice (on the right)
• Direct Application
Key industry facts
• 65 billion tonnes estimated global phosphate rock
reserves
• Phosphate reserves depleting globally
• Global consumption expected to grow by 2%
annually
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Source: INPI

22. GQ Gold Concessions
GQ Gold
• 3 gold concessions located in the productive Mali
Birimian Gold Belt in western Mali:
• Sanoukou 24 sq. km
• Bourdala 16 sq.km
• Dabia Ouest 100 sq.km
Background - Birimian Belt
• A prolific gold belt with 14 deposits and >30m Oz
of gold discovered to date
• Mali – 3rd largest gold producer in Africa
Mali Operational Gold Mines
• Producing gold mines in the same area:
• Randgold Loulo + Gounkoto
• Avion Gold Segala + Tabakoto
• Anglogold/Iamgold Sadiola + Yatela
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23. About Mali
LOCATION GEOLOGY INVESTMENT CLIMATE
• Located in the heart of • Favorable geology • September 3, 2012
West Africa dominated by the Mali Ministry of Mines
• Vast landlocked Birimian gold belt invited GQ and other
country 1.2m km² • Several operating gold mining companies to
• 14.5 million people mines in Mali incl. formally reassure them
Endeavour, IAMGold… of the attractiveness of
• Well connected to
• Third largest gold doing business in Mali
other West African
producer in Africa despite the current
nations (paved roads
political situation
and rail) and major • Large phosphate
maritime hubs of occurrences in • Amongst top sub-
Abidjan and Dakar northeastern Mali Saharan Africa
known since 1927-35 performers on the
(IFDC) World Bank’s ‘Doing
Business Survey’ 2012
• Tilemsi phosphate
recognised by several • According to same
organisations (AGRA, survey – Mali
IFDC) for its agronomic outperformed its
potential neighbours incl. Niger,
Mauritania, Burkina
Faso and Guinea
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24. Mali Mineral Policy
Mali mineral law is based on the French civil law.
The mining code was revised in 2012.
• Exclusive right to carry out prospecting activities
EXPLORATION LICENSE
• Valid for a period of 3 months
(Autorisation d’Exploration)
• Renewable once for 3 months
• Awarded for 3 years
PROSPECTING LICENSE
• Covers 8 km²
(Autorisation de Prospection)
• Renewable once for same period
RESEARCH PERMIT • Valid for specified commodities (called “Arrêté”)
• Granted for 3 years
(Permis de Recherche)
• Renewable twice for an additional 2 years each time
• Granted for 30 years
MINING PERMIT
• Renewable for 10 years each time, until depletion of the
(Permis d’Exploitation) ore reserves
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25. Management Bios
Joel Jeangrand Mr. Jeangrand has more than 20 years of global experience in marketing, business and corporate development in the
natural resource sector and renewable energy business. Prior to joining Great Quest, he held the role of President and
President, CEO and
CEO of Pan American Hydro Corporation from 2008 to 2012. Previously, Mr. Jeangrand served as VP Corporate
Director Development of Spur Ventures Inc., a publicly traded Vancouver-based fertilizer company with a phosphate project in
China. He also spent 11 years in roles of increasing responsibility with the Eramet Group and worked in locations such
France, Hong Kong and Taipei. He holds an Executive MBA from Simon Fraser University in Vancouver (2005), and
earned a Bachelor of Commerce (equivalent) from Ecole Supérieure de Commerce de Toulon, France (1989).
Jay Hosanee Mr. Hosanee is a General Certified Accountant who brings over 20 years of senior management experience in corporate
finance, auditing and internal control. Prior to joining Great Quest, he held the position of CFO at Mineral Hill and
Chief Financial Officer
Golden Dawn Minerals Inc.. His international experience include multi-currency group consolidation, overseeing
financial reporting and regulatory compliance of several public listed companies. He also held the position of CFO at
Loita Group, an investment banking firm focused on Africa. This role gave him tremendous exposure to sub-Saharan
markets. Mr. Hosanee is fluent in French and holds a CGA qualification as well as an Internal Auditor certification.
Mohammed Bouhsane Mr. Bouhsane brings 20 years of experience in project management and engineering in the Moroccan mining,
hydrometallurgical, and metallurgy industries. He spent most of his time at a mining subsidiary of the ONA Group,
Chief Operating Officer
where he served as project director and project manager of two major projects. Most recently, Mr. Bouhsane was
Project Manager at Nareva Holding, managing construction and financing of an irrigation network. Mohammed is a
member of the Quebec Order of Engineers.
Candice Font Ms. Candice Font comes to GQ with a wealth of experience working in Africa. As a regional manager for Africa Investor,
a specialized publication focused on business in Africa, Ms. Font was based in Abidjan, Cote d’Ivoire and Libreville,
Investor Relations
Gabon from 2008 to 2010. Between 2005 and 2008, she worked as a project manager producing business reports on
and Communications the growth opportunities in emerging countries such as Russia, Nigeria, and Qatar. Prior to joining Great Quest, Ms.
Font worked in Investor Relations at Silver Bull Resources, Inc. perfecting her expertise in streamlining information flow,
cultivating relationships with stakeholders and enhancing companies public profiles. She holds a Bachelor's degree in
International Business from the University of Plymouth (UK) and is fluent in English and French.
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26. Directors Bios
John A Clarke Mr. Clarke brings considerable experience in exploration, acquisition and development in the gold mining sector in Africa. He
has held roles as Vice Chairman and CEO of Nevsun Resources and Executive Director of Ashanti Goldfields Company Ltd. He
Chairman
holds B.Sc. in metallurgy from University College Cardiff, a Ph.D. in metallurgy from Cambridge University and MBA from
Middlesex Polytechnic.
Joel Jeangrand Mr. Jeangrand has more than 20 years of global experience in marketing, business and corporate development in the natural
resource sector and renewable energy business. Prior to joining Great Quest, he held the role of President and CEO of Pan
Director
American Hydro Corporation from 2008 to 2012. Previously, Mr. Jeangrand served as VP Corporate Development of Spur
Ventures Inc., a publicly traded Vancouver-based fertilizer company with a phosphate project in China. He also spent 11 years
in roles of increasing responsibility with the Eramet Group and worked in locations such as Gabon, Paris, Hong Kong and
Taipei. He holds an Executive MBA from Simon Fraser University in Vancouver (2005), and earned a Bachelor of Commerce
(equivalent) from Ecole Superieure de Commerce de Toulon, France (1989).
Victor Jones Mr. Jones has over 30 years of experience in senior executive and board positions in public mineral exploration and technology
companies. He has been active on projects across North America and Africa on financings and JV and acquisition negotiations.
Director
Mr. Jones received both his B.Sc and MBA from McGill University.
Ehud Levy Mr. Levy is a phosphate manufacturing industry consultant, based in Israel. Ehud formed his consulting firm following a 30-
year career in Israel with Bateman Engineering and Rotem. At Bateman, he was the managing director of the chemical
Director technologies, directing project initiation and new processes for sophisticated applications of phosphates.
Gordon Peeling Mr. Peeling has been the president of Mining Association of Canada (MAC) since 1997 and has over 30 years of mining
experience in the public and private sectors. Prior to MAC, he served as Vice President at the International Council on Metals
Director
and the Environment and Director General at both the Mineral Commodities Branch and Mineral Strategy Branch at Natural
Resources Canada.
Jed Richardson Mr. Richardson graduated from University of Toronto with B.A.Sc. in mineral and geological engineering. He worked for Alcan
as an engineer, and RBC and Cormark as research analyst. He is currently a director and the VP Corporate Development of
Director
Verde Potash (formerly Amazon Mining). Jed is the founding principal of Javelin Partners, consulting firm for junior resource
companies.
David Shaw Mr. Shaw has worked both in the technical and financial communities in the resource industry. He initiated and developed
Resource Research Group at Charlton Securities, worked as Senior Mining Analyst at Yorkton Securities and as a technical
Director
expert at Chevron Resources. He is well connected within European financial institutions and the mining sector.
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27. Great Quest Comparables
52-week Ore Resources
Stock Share 3m Avg Market
Currency Project Stage Project Location M&I
Ticker Price High Low Vol Cap (m) Total Grade P₂O₅
(Mt)
Aguia Resources Ltd AGR:ASX AUD 0.15 0.74 0.12 51,007 $15.94 Drilling Brazil – 21.3 4.6%
Arianne Resources Inc DAN:TSXV CAD 0.90 2.48 0.80 58,575 $58.68 Pre-Feas Completed Canada 347.7 462.0 5.5%-6.5%
Celamin Holdings CNL:ASX AUS 0.14 0.39 0.13 29,647 $11.10 Drilling Tunisia Algeria – – –
Eagle Star Minerals Corp EGE:TSXV CAD 0.12 0.18 0.07 19,889 $7.28 Drilling Brazil – – –
Great Quest Metals Ltd GQ:TSXV CAD 1.14 3.71 0.68 22,891 $48.80 PEA Underway Mali – 32.6 23.4%
Legend International Holding LGDI:MKT USD 0.11 0.48 0.06 434,612 $24.90 Feasibility Completed Australia 202.8 516.1 14%-15%
MBAC Fertilizer Corp MBC:TSX CAD 2.82 3.30 2.16 88,472 $275.57 Production Target 2012 Brazil 58.8 119.0 5.01%-5.27%
Minbos Resources Ltd MNB:ASX AUD 0.21 0.40 0.14 112,356 $18.80 Scoping Study Underway Angola, DRC – – –
Minemarkers Ltd MAK:ASX AUD 0.14 0.40 0.13 284,044 $32.70 Pre-Feas Completed Australia, Namibia 399.5 1,561.9 18%-20%
Plains Creek Phosphate PCP: TSXV CAD 0.03 0.12 0.02 n/a $9.69 Pre-Feas Completed Guinea Bissau 83.8 83.8 29.6%
Rio Verde Minerals RVD:TSX CAD 0.20 0.55 0.18 48,024 $24.32 Scoping Study Underway Brazil 1.9 1.9 11.7%-20.3%
Rum Jungle Resources Ltd RUM:ASX AUD 0.23 0.41 0.19 436,854 $37.00 Drilling Australia 13 13.0 15.0%
Stonegate Agricom Ltd ST:OTC CAD 0.41 1.27 0.32 5,855 $59.19 Pre-Feas Completed Peru, US 61.8 446.2 9%-30.6%
Strata Minerals SMP:TSXV CAD 0.08 0.08 0.08 4,700 $4.30 Drilling Australia – – –
Sunkar Resources Plc SKR:LSE GBP 0.04 0.09 0.03 334,516 £7.08 Feas. Study Underway Kazakhstan 293 475.3 11.0%
UCL Resources Ltd UCL:ASX AUD 0.12 0.37 0.01 35,385 $9.70 DFS nearing completion Australia, Namibia 96.5 779.9 18.9%
As of September 4, 2012
Sources: Yahoo Finance, Capital IQ and Company Reports 28
DFS: Definitive Feasibility Study; PEA: Preliminary Economic Assessment

28. Great Quest Metals Ltd IR Candice Font
TSX-V: GQ Tel +1 604.689.2882
Suite 515, 475 Howe Street Toll Free 1.877.325.3838
Vancouver, BC, V6C 2B3 Fax +1 604.684.5854
WWW.GREATQUEST.COM Email info@greatquest.com
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