Quest Capital Corp.: Results of Annual and Special General Meeting, Annual Grant of Options to Directors and Director Dealing

    FOR:  QUEST CAPITAL CORP.

TSX SYMBOL:  QC
AMEX, AIM SYMBOL:  QCC

May 30, 2008

Quest Capital Corp.: Results of Annual and Special General Meeting, Annual Grant of Options to
Directors and Director Dealing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2008) - Quest Capital Corp. ("Quest" or the
"Company") (TSX:QC)(AMEX:QCC)(AIM:QCC) - Following the Annual and Special General Meeting of the
Company held on May 27, 2008, the Company is pleased to announce that all of the resolutions presented
to shareholders were passed.

In 2007, the Board of Directors passed a resolution to annually grant stock options to the non-
executive directors of the Company following its annual general meeting. The Company reports that
effective May 27, 2008, the Company granted options to purchase up to 350,000 common shares to the
following directors: Frank Mayer as to 150,000 shares and Robert G. Atkinson, W. David Black, Dale
Peniuk and Walter Traub as to 50,000 shares each. The options are exercisable at the exercise price of
$1.99 per common share for a term of five years expiring on May 27, 2013 and vest equally over the
next twelve quarters.

The Company also reports that on May 27, 2008, Stephen Coffey advised that on May 23, 2008 he
purchased 10,000 common shares of the Company at the price of $2.00 per share; on May 29, 2008, Frank
Mayer advised that on May 27, 2008 he purchased 40,000 common shares of the Company at the price of
$2.00 per share; and on May 29, 2008, Dale Peniuk advised that on May 29, 2008 he purchased 10,000
common shares of the Company at $2.00 per share. After giving effect to the puchase of these shares,
Stephen Coffey and Dale Peniuk hold 10,000 shares each of the Company or approximately 0.006% of the
issued and oustanding share capital of the Company and Frank Mayer holds 40,000 shares of the Company
or approximately 0.027% of the issued and outstanding share capital of the Company.

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.