Canadian Quantum To Commence Drilling at Alexander

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announced today that the drilling of the 16A-11-56-27W4 well
(16A-11) is scheduled to commence this weekend. The 16A-11 well will be deviated
approximately 185 meters to a seismically defined anomaly targeting the Detrital
Sand. Drilling operations are anticipated to take approximately one week.


Through a previously announced farmout arrangement, the Company has completed a
farmout to an arms' length third party on a small portion of the Company's 50%
owned, 27 section Alexander Property, located just north-west of Edmonton. The
third party will participate in the drilling of the 16A-11 Test Well by paying
50% of all costs to earn a 30% interest. The third party also has the option to
drill two additional wells from the same surface lease as the 16A-11 Test Well
to earn a 25% interest by paying 25% of the related costs. The earned lands for
the farmout only relate to the specific spacing units assigned to each well
drilled. Canadian Quantum will maintain a 20% working interest in the 16A-11
Test Well, a 25% working interest in the two option wells and a 50% working
interest in the balance of the 27 section Alexander Property.


Canadian Quantum Energy Corporation holds 1,600 gross acres at Turin, Alberta
and 17,280 gross acres / 27 sections on the Alexander First Nations lands 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.


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]


Canadian Quantum Energy Corporation
Mark Prosser
Investor Relations
[phone]
[e-mail]
www.canadianquantum.com