Canadian Quantum Announces Closing of Private Placement and Appointment of New Auditor

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announced today that it has completed the previously announced
non-brokered private placement offering of 2,400,000 common shares at a price of
$0.05 per share, for gross proceeds of $120,000, subject to TSX Venture Exchange
final approval. The common shares issued in connection with the offering are
subject to a hold period that expires on April 21, 2014. The net proceeds from
the offering will be used for general working capital purposes.


Douglas Brett, the President, Chief Executive Officer and a director of Canadian
Quantum, subscribed for 200,000 common shares, a company controlled by Michael
Koenig the Chief Financial Officer of Canadian Quantum, subscribed for 200,000
common shares and Robert Kulhawy, a director of Canadian Quantum, subscribed for
2,000,000 common shares under the private placement. 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 common shares (Formal Valuation - Issuer Not Listed on Specified
Markets; Minority Approval - Fair Market Value Not More Than 25% of Market
Capitalization). No new insiders were created, nor has any change of control
occurred, as a result of this private placement. No finder's fees were paid on
the proceeds of the closing. 


As Mr. Brett, the President, Chief Executive Officer and a director of Canadian
Quantum, acquired 200,000 common shares under the private placement, Mr. Brett
will own or control 7,457,421 common shares or approximately 23.01% of the total
issued and outstanding common shares of Canadian Quantum and options to acquire
1,000,000 common shares. Assuming the exercise of such options, Mr. Brett would
own or control 8,457,421 or approximately 25.32% of the total issued and
outstanding common shares of Canadian Quantum. The purchase of the shares by Mr.
Brett was made for investment purposes. Mr. Brett may increase or decrease his
investment in Canadian Quantum depending on market conditions or any other
relevant factors.


In addition, Canadian Quantum announced that it has appointed Kenway Mack
Slusarchuk Stewart LLP as auditor of Canadian Quantum effective December 19,
2013. The resignation of Canadian Quantum's former auditor, MacKay LLP, was
accepted by Canadian Quantum effective December 17, 2013.


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