Canadian Quantum Updates Alexander Project

Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Company") (TSX
VENTURE:CQM) announced today that its recently drilled Alexander 16A-11 56-27 W4
well ("16A-11 Well") is currently standing cased and will remain shut in pending
further well log analysis and additional re-processing of the 16 square mile 3D
seismic program. To date, only the Detrital zone has been perforated, but has
not been fraced. Pending the re-evaluation of the 16A-11 Well and seismic,
Canadian Quantum and its area partner, Sundance Energy Corporation will
determine the potential commerciality of undertaking further completions on the
Detrital formation and / or completing the Alexander formation. Utilizing the
information obtained from the original 16-11 Well and the re-processed 3D
seismic data, numerous additional drilling locations have been identified on the
Company's jointly held 27 section Alexander permit. In addition to the Detrital
and Alexander formations, Canadian Quantum is evaluating the potential for
commercial production from the Basal Quartz, Ostracod and Wabamun formations on
the Alexander Permit lands.


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