Raith Rovers made it two wins from two as they beat Queens at Palmerston but the Doonhamers will rue several missed chances in the second half.
Queens started well and Burns should really have scored early doors but shot wide.
Ferry gave the lively visitors a seventh-minute lead when his low shot from 20 yards beat Lee Robinson.
With Queens defence all at sea John Baird made it two six minutes later when he side-footed home a Gregory Tade cross from close range.
Shortly before half-time Queen's skipper Lilley headed over an empty net as the Doonhamers tried to claw themselves back into the game.
Queens were a different side after the break and within 39 seconds they pulled one back from a Danny Carmichael shot.
While Raith had the best of the opening half, Queens boss Kenny Brannigan's half-time team talk provided the jolt the players seemed to require.
Following Carmichael's goal, on the hour mark home striker David Weatherston got the better of Willie Dyer and his cross was flicked on by Paul Burns who found Rocco Quinn.
He took a touch to make space for himself and blasted a shot on target but David McGurn pulled off a great save.
And Weatherston himself passed up two great opportunities for an equaliser as the match wore on.
Reid's red card for a challenge on Raith's Craig Wilson was perfectly justified, according to Brannigan, but the manager will have been smarting at seeing two former Queens players combine to score Rovers' third at the death.
Substitute Graham Weir chased down the ball and passed for Mole to put the game beyond Queens' reach.
For Raith boss John McGlynn, who set his players a target of 14 points from the first quarter of the season, the six points from six is the ideal start to the league campaign.
Queens will be bitterly disappointed at this result but the damage was done in the first half when the visitors exploited hesitancy in the Queens defence where Lilley made his comeback after injury.
Queens Mad man of the Match - Danny Carmichael - What a prospect this young man is and he was a right handful for the Kirlkaldy defence.