Canadian Quantum Closes Debenture Amendment

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Corporation")
(TSX VENTURE:CQM) announced today that the Corporation has completed an
amendment (the "Amendment") to the outstanding convertible debentures
("Debentures") in the aggregate principal amount of $1,500,000, as previously
disclosed on May 31, 2012 and November 12, 2013, subject to TSX Venture Exchange
final approval. Pursuant to the Amendment, the aggregate principal amount of the
Debentures was increased by an additional aggregate amount of $150,000 and the
conversion price was reduced to $0.10 per share for the remainder of the term.
Interest on the outstanding balance will now be payable on the earlier of the
maturity date of May 30, 2014 or upon conversion of the Debentures into shares,
rather than being paid monthly. In addition, the Corporation has agreed not to
sell its current interest in the four permits in the St. Lawrence Lowlands,
Quebec Utica Shale Play, without the prior consent of the holders of the
Debentures. All of the other terms of the Debentures will remain the same. 


No finder's fees were paid on this transaction. Pursuant to the Amendment, the
Debentures and any common shares issued upon conversion of the Debentures, will
be subject to a four month hold period expiring on November 12, 2013 The net
proceeds of the Debenture will be used for exploration programs and for general
working capital.


About Canadian Quantum

Canadian Quantum Energy Corporation holds 640 gross acres at Turin, Alberta and
17,280 gross acres / 27 sections on the Alexander First Nations Permit in
Central Alberta along with 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