Quest Oil Corporation Announces the Negotiations for Acquisition of Oil Properties in West Texas

Quest Oil Corporation (Pinksheets: QOIL) is in advanced negotiations for the acquisition of a highly prospective oil lease in Concho County of West Texas.

The West Texas lease has 640 acres with 2 existing wells capable of production with simple and inexpensive work-over techniques. The importance of this lease is its upside potential for drilling new oil wells and the expansion of the acreage on all sides. The area has undergone substantial geophysical and engineering validating the area as prolific. The Company has interpreted data that resulted in identifying four new drilling locations. Historically, new wells drilled in the area have an IP (initial production) of 150 to 200 bopd at a depth of 3,600’.

Company CEO, Mr. Joe Wallen, advises, “Although the lease is not significant in size it does have tremendous opportunities related to its location and the Company’s plan for drilling high IP targets with a history of slow production decline curves.”

About Quest Oil Corp.

Quest Oil, Corp. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management’s view, significant upside potential. Quest Oil is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil’s development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.questoil.com.

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC and consult a registered broker dealer or contact the financial industry regulatory authority (“FINRA”) for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission.