Canadian Quantum Announces Approval of Advance Notice Provisions and Grant of Stock Options

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announced today that, at the annual general and special meeting of
shareholders of the Corporation held today, the shareholders approved the
alteration of the Articles of the Corporation to provide for advance notice of
nominations of directors in circumstances where nominations of persons for
election to the Board are made by shareholders other than pursuant to a
requisition of a meeting made pursuant to the provisions of the Business
Corporations Act (British Columbia) (the "BCBCA") or a shareholder proposal made
pursuant to the provisions of the BCBCA (the "Advance Notice Provisions"). 


Among other things, the Advance Notice Provisions fixes a deadline by which
shareholders must submit a notice of director nominations to the Corporation
prior to any annual or special meeting of shareholders where directors are to be
elected and sets forth the information that a shareholder must include in the
notice for it to be valid.


The purpose of the Advance Notice Provisions is to foster a variety of interests
of the shareholders and the Corporation by ensuring that all shareholders,
including those participating in a meeting by proxy rather than in person,
receive adequate notice of the nominations to be considered at a meeting and can
thereby exercise their voting rights in an informed manner. In addition, the
Advance Notice Provisions are intended to provide a reasonable framework for
shareholders to nominate directors and should assist in facilitating an orderly
and efficient meeting process.


A copy of the Advance Notice Provisions have been filed under the Corporation's
SEDAR profile at www.sedar.com. 


The Corporation also announced today that, subject to regulatory approval, it
has granted 400,000 options to purchase common shares of Canadian Quantum to
directors and consultants of the Corporation, in accordance with the
Corporation's stock option plan. These options expire five years from the date
of grant and have an exercise price of $0.15 per share. Canadian Quantum has
determined that exemptions from the various requirements of the TSX Venture
Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the
issuance of the options to the officer of the Corporation (Formal Valuation -
Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value
Not More Than 25% of Market Capitalization).


About Canadian Quantum

Canadian Quantum is actively pursuing oil and gas opportunities in Western
Canada and continues to hold various interests in approximately 174,000 gross
acres covered by four permits in the St. Lawrence Lowlands, Quebec Utica Shale
Play.


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


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the Corporation's disclosure documents on the SEDAR website at
www.sedar.com. The Corporation does not undertake to update any forward-looking
information except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Quantum Energy Corporation
Douglas Brett
President & CEO
[phone]
[phone] (FAX)
[e-mail]
www.canadianquantum.com