1st Quarter Results

    FOR:  QUEST CAPITAL CORP.

TSX SYMBOL:  QC
AMEX, AIM SYMBOL:  QCC

April 27, 2006

Quest Reports its Financial Results for the First Quarter 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2006) - Quest Capital Corp. ('Quest' or the 'Company')
(TSX:QC)(AMEX:QCC)(AIM:QCC) announces its unaudited consolidated interim financial results for the three months
ended March 31, 2006 (a copy of which are attached hereto).

HIGHLIGHTS

- Earnings before taxes of $8.3 million ($0.06 per share) or net earnings of $8.0 million ($0.06 per share), as
compared to earnings before taxes of $3.3 million ($0.04 per share) or net earnings of $3.3 million ($0.04 per
share) for the comparative period in 2005;

- Loan portfolio increased 29% during the three months ended March 31, 2006 to $160.1 million, as compared to
$124.6 million as at December 31, 2005;

- Total loans arranged during the three months ended March 31, 2006 totaled $52.3 million;

- Net Assets increased during the three months ended March 2006 by 12% to $199.1 million, as compared to $177.6
million as at December 31, 2005;

- Warrants exercised during the three months ended March 31, 2006 resulted in cash proceeds of $13.3 million;

- Realized gains from sale of marketable securities and investments during the three months ended March 31,
2006 totaled $4.7 million, as compared to $0.8 million realized during the three months ended March 31, 2005.

Managing Director, A. Murray Sinclair commented, "Our ability to source quality loans that meet our lending
criteria gave us the confidence to increase our equity base and subsequent to quarter end completing a
successful $50 million equity offering. Consequently, we now have a capital base of approximately $250 million,
increased visibility and a higher level of quality deal flow."

About Quest

Quest Capital Corp. is a merchant bank that focuses on providing financial services, specifically mortgages and
bridge loans. Quest's primary expertise is providing asset backed loans of between $1,000,000 and $35,000,000
to operations in real estate, manufacturing, mining and energy. Quest complements its lending business by
providing corporate finance services through its wholly owned subsidiary, Quest Securities Corporation.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking statements that
involve various risks and uncertainties affecting the business of Quest. Actual results realized may vary
materially