Quest Capital Corp.: A Director and Friend Passes Away

    FOR:  QUEST CAPITAL CORP.

TSX SYMBOL:  QC
AMEX, AIM SYMBOL:  QCC

May 20, 2008

Quest Capital Corp.: A Director and Friend Passes Away

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2008) - Quest Capital Corp. ("Quest" or the "Company")
(TSX:QC)(AMEX:QCC)(AIM:QCC) announced today, with deep regret, that it has been informed of the passing away of
their friend and colleague, Michael Hannesson.

Michael was instrumental in helping Quest achieve its goals during his tenure as a Director of the Company
which commenced in 2004. Michael was a Chartered Accountant (British Columbia) and served as Chairman of
Quest's Credit Committee and, previously, its Audit Committee. His guidance and financial wisdom was greatly
appreciated by all who he came into contact with, but most especially by the Management and Board of Quest. He
will be sorely missed. We wish to express our condolences to Michael's family.

About Quest

Quest's expertise is in providing financing for the real estate sector with emphasis on residentially oriented
mortgages primarily in Western Canada.

For more information about Quest, please visit our website (www.questcapcorp.com) or SEDAR (www.sedar.com).


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FOR FURTHER INFORMATION PLEASE CONTACT:

Quest Capital Corp. - Contact in Canada
A. Murray Sinclair
Co-Chairman
(604) 68-QUEST, [phone] or Toll Free: 1-800-318-3094
[phone] (FAX)

OR

Quest Capital Corp. - Contact in Canada
Stephen Coffey
President & CEO
[phone]
[phone] (FAX)
Website: www.questcapcorp.com

OR

Quest Capital Corp. - Contact in London
AIM NOMAD: Canaccord Adams Limited
Ryan Gaffney
011.44.20.7050.6500

OR

Quest Capital Corp. - Contact in London
AIM NOMAD: Canaccord Adams Limited
Robert Finlay
011.44.20.7050.6500

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Quest Capital Corp.