ET

MONTREAL, QUEBEC--(Marketwire - Feb. 8, 2008) - Quest Uranium Corporation ("Quest") (TSX VENTURE:QUC) is pleased to announce the discovery of new uranium occurrences from its 2007 exploration program on the George River Project (the "Property"), northeastern Québec. The 100%-owned Property consists of 5,517 mineral claims (25 claim blocks) comprising 241,625 hectares. The area of exploration interest is located 175 kilometres (km) north-east of Schefferville (see Figure 1), Quebec and 125 km west of the Voiseys Bay nickel-copper-cobalt deposit, currently being mined by CRVD-Inco in Labrador.

Two areas covered by 2007 exploration work, Stewart Lake-Centurion Ridge and Nanuk properties (see Figure 2), returned extensive areas of in-situ uranium mineralization and uraniferous boulder dispersion trains. Prospecting and geological mapping over the Stewart Lake-Centurion Ridge returned up to 0.804% U3O8 (16.1 pounds per ton - lbs/ton) from locally-derived large boulders and sub-crop. The area is associated with an extensive radiometric anomaly measuring up to 750 m wide by 4.0 km long. The Nanuk area work has identified four (4) large areas of radioactivity and in-situ uranium mineralization (Figure 2) returning grades of up to 1.18% U3O8 (23.6 lbs/ton) measuring upwards of two km in length and in width. Airborne radiometric surveys completed by Quest in 2007 over the target areas show very extensive and anomalous radioactivity. These anomalous areas have been partially explained by company prospectors as corresponding to the in-situ uranium mineralization identified to date on the properties.

2007 EXPLORATION PROGRAM:

The 2007 exploration program consisted of geological mapping, prospecting and a ground magnetometer survey. This exploration program was focused on exploring for Proterozoic-age uranium deposits of various styles in the Churchill Province of Quebec and Labrador. The initial targets generated for prospecting follow-up consisted of a combination of airborne radiometric anomalies, uranium in-lake sediment anomalies, known radioactive occurrences and sulphide showings.

Stewart Lake-Centurion Ridge Property Results

The Stewart Lake-Centurion Ridge trend is situated within claim Block 8. It comprises numerous uraniferous outcrops, subcrops and large boulders traced by prospecting over a distance of approximately 2.5 km and over a width of up to 700 m. The mineralized lithotypes are predominantly coarse-grained to very coarse-grained granitic pegmatites containing moderate to intense biotite and magnetite mineralization. The pegmatitic rocks located within this area are moderately fractured and brecciated. A prominent yellow staining and hematitic alteration is commonly found coating fractures and occurring as breccia-filling within the pegmatitic units. This oxidation characterizes the samples yielding the highest uranium values from this area. The Stewart Lake-Centurion Ridge mineralization (Table 1) is closely associated with a large east-northeast trending airborne radiometric anomaly (eU/eTh and eU), defined over a strike length of 4.0 km.

Table 1 - Significant U3O8 Assays from Stewart Lake - Centurion Ridge Property Exploration Work, George River

 
-----------------------------------------------------------------------
                                                Sample
Sample # Easting  Northing     U3O8(%)(1)  Description       Occurrence
-----------------------------------------------------------------------
362611    441334   6252728         0.804    pegmatitic          Stewart
                           (16.1 lbs/ton)     boulder,   Lake-Centurion
                                            uranophane            Ridge
                                              staining
-----------------------------------------------------------------------
361551    441142   6252682         0.241      boulder,          Stewart
                           (4.81 lbs/ton)     granitic   Lake-Centurion
                                             pegmatite            Ridge
-----------------------------------------------------------------------
361552    441030   6252617         0.354      boulder,          Stewart
                           (7.08 lbs/ton)      granite   Lake-Centurion
                                             pegmatite            Ridge
-----------------------------------------------------------------------
(1) Assays performed by Actlabs of Ancaster, Ontario using the Delayed
Neutron Counting Method (DNC)
 

Nanuk Property Results

The Nanuk Zone is a new area of uranium mineralization discovered during 2007, situated within claim Block 2. The uranium mineralization is hosted within a zone of extensive pegmatite dykes covering a surface area measuring 25 km2. The pegmatitic dykes are typically stained with moderate to intense yellow carnotite along with weakly disseminated biotite mineralization. This mineralization within claim block two is closely associated with strong radiometric anomalies.

Table 2 - Significant U3O8 Assays from Nanuk Property Exploration Work, George River

 
-----------------------------------------------------------------------
                                                Sample
Sample # Easting Northing     U3O8 (%)(1)  Description       Occurrence
-----------------------------------------------------------------------
362954    410929  6189981          0.286      outcrop,         Nanuk #1
                           (5.71 lbs/ton)     granite/
                                             pegmatite
                                                yellow
                                              staining
                                           (uranophane)
-----------------------------------------------------------------------
362748    410866  6189848          0.592    outcrop of         Nanuk #1
                          (11.85 lbs/ton)    pegmatite
-----------------------------------------------------------------------
361505    408953  6186058          0.670      outcrop,         Nanuk #2
                          (13.40 lbs/ton)       quartz
                                             pegmatite
                                                yellow
                                              staining
                                           (uranophane)
-----------------------------------------------------------------------
362618    409578  6187073          1.180     boulders,         Nanuk #2
                           (23.6 lbs/ton)      biotite
                                          vein, yellow
                                              staining
                                           (uranophane)
-----------------------------------------------------------------------
362778    411921  6185568          0.380    outcrop of         Nanuk #3
                            (7.6 lbs/ton)    pegmatite
-----------------------------------------------------------------------
(1) Assays performed by Actlabs of Ancaster, Ontario using the Delayed
Neutron Count Method (DNC)
 

The initial exploration program completed during 2006 included a 4,350 line-km airborne geophysical survey conducted by Fugro Airborne Surveys of Toronto, Ontario. The survey involved gamma ray spectrometry, high sensitivity magnetics and frequency domain electromagnetic (EM), intended to provide first-order targets for prospecting and to supplement geological interpretation. The radiometric maps delineated several anomalies (eU and eU/eTh), which are associated with the areas of significant new uranium mineralization discovered during 2006 and 2007. Additionally, several strong EM anomalies were defined during the survey.

A comprehensive compilation of all data including airborne geophysics, uranium in-lake sediment geochemistry, geology and analytical results (uranium assays and multi-element data from prospecting) will be completed once all of the final data has been received. The compilation and interpretation of the data will assist in consolidating exploration targets and priorities at both the detailed and reconnaissance scales, in preparing for the next phase of exploration for the George River property.

Quest management is very enthusiastic about the results generated from the 2007 exploration program conducted across all the claims of the George River Project. A work program consisting of supplementary airborne geophysics with follow-up prospecting, mapping, ground geophysics and diamond drilling is currently in planning for 2008.

Quality Control

Luciano Vendittelli, P. Geo., (Quebec) is the qualified person on the George River Project under National Instrument 43-101 and is responsible for the preparation of this news release.

About Quest Uranium

Quest Uranium Corporation is a Canadian-based, pure-Uranium exploration company focused on the identification and discovery of new world-class Uranium deposit opportunities. The company is publically-listed on the TSX Venture Exchange as "QUC" and is lead by a highly-respected management and technical team with a proven mine-finding track record. Quest is currently advancing several high-potential projects in Canada's Premier Uranium exploration areas: the George River belt of northeastern Qu?bec, the Kenora area of northwestern Ontario and the Plaster Rock area of northeastern New Brunswick. The company continues to identify new, high-potential project opportunities throughout North America.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward looking statements".

To view Figure 1 - George River Project Location Map, Quebec, please visit the following link: http://www.ccnmatthews.com/docs/QUC2...

To view Figure 2 - Stewart Lake/Centurion Ridge and Nanuk Property Location Map, please visit the following link: http://www.ccnmatthews.com/docs/QUC2...

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.