Canadian Quantum Announces Completion of Final Tranche of Private Placement

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announced today that, further to its press releases dated April 25,
2014, May 6, 2014 and May 26, 2014, pursuant to the investment agreement with
Lang International Holdings Limited, a company registered in the British Virgin
Islands, and Douglas Brett, the President and Chief Executive Officer of the
Company, the Company completed the second and final tranche of its previously
announced private placement offering (the "Equity Private Placement") of common
shares of the Company ("Common Shares"), subject to TSX Venture Exchange final
approval. Pursuant to the closing of the final tranche of the Equity Private
Placement, a third party purchased 1,090,000 Common Shares at a price of $0.10
per Common Share for gross proceeds of $109,000. 


The proceeds from the Equity Private Placement will be used for the exploration
program on the Company's Alexander project and for general working capital. The
Common Shares issued in connection with the final tranche of the Equity Private
Placement are subject to a hold period that expires on October 3, 2014. 


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 Company's disclosure documents on the SEDAR website at
www.sedar.com. The Company 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]
[e-mail]
www.canadianquantum.com