Canadian Quantum Announces Completion of Lower Mannville Oil

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announces the following update on the Company's ALEX
102/16-11-56-27W4 well ("102/16-11 Well").


The 102/16-11 Well was initially drilled directionally to a depth of 1,287
meters in December, 2012 and has been standing after perforating the Detrital
zone in February, 2013 with less than commercial results. Canadian Quantum and
its partners conducted a completion of the upper zone within the Lower Mannville
Group and placed the 102/16-11 Well on production on September 13, 2013. Initial
indications are that the 102/16-11 Well will be an oil well producing
approximately 25 - 30 bbl oil per day. Canadian Quantum holds a 30% working
interest in this well and associated spacing unit. Although initial; productive
tests may not be indicative of long term performance and ultimate reserve
recovery, Canadian Quantum is pleased to have confirmed light oil production
from this zone.


Douglas Brett, President and CEO of Canadian Quantum, states "We are pleased
with the initial results obtained from this completion. This confirms oil
production from a zone that our team has long maintained would be an excellent
candidate for horizontal drilling development utilizing multistage fracturing
technology. Our 3D seismic indicates multiple horizontal locations exist on our
Alexander Permit.


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 press release contains certain statements which constitute forward-looking
statements or information ("forward-looking statements"), including statements
regarding Canadian Quantum's business, such as anticipated oil production, which
by their nature are forward-looking statements and which are subject to numerous
risks and uncertainties, some of which are beyond Canadian Quantum's control,
including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, operational risks in exploration and
development, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the ability to access sufficient capital from internal and external sources.
Although Canadian Quantum believes that the expectations in our forward-looking
statements are reasonable, our forward-looking statements have been based on
factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward looking information. As such, readers are
cautioned not to place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity or
achievements. The forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law,
Canadian Quantum does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.


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