Quest: B-Zone Drilling Expands Resource Potential, Identifies New REE Mineralization Below Previously-Reported Holes, Strange Lake Project, Quebec

Highlights:
                  
                  - B-Zone drilling continues to expand the resource potential of the
                  property, including the identification of a new area of REE mineralization
                  below the deepest levels of previously reported drillholes
                  
                  - Multiple, high-grade intersections of between 1.11% and 2.52% REE+Y over
                  widths of 3.0 and 89.5 m characterize all holes drilled into the zone,
                  within a larger, 89.5-123.0 m-thick, mineralized envelope grading between
                  0.9%-1.11% REE+Y
                  
                  - These new drillholes confirm the resource expansion potential of the
                  B-Zone in all directions, particularly at depth and down-plunge to the
                  northeast
                  
                  TORONTO, ONTARIO--(Marketwire - Oct. 15, 2009) - Quest Uranium Corporation 
                  (TSX VENTURE:QUC) is pleased to report that additional assay results from 
                  diamond drilling of their B-Zone rare earth element (REE) deposit (see 
                  Press Release : September 23, 2009, Figure 1) continues to firm up the 
                  significant resource potential of the zone. Quest has now received strong 
                  REE drill assay grades over a minimum strike of 700 m of the 1.0 km strike 
                  length defined in drilling for the zone. The widths of the mineralized 
                  envelope have increased to at least 450 m (see Figure 2) and the 
                  mineralized envelope is at least 123.0 m in vertical thickness (up from 
                  101.0 m). Lab results for holes BZ-09-004 to 008 returned multiple, high 
                  rare earth elements+yttrium (REE+Y) grade intersections of between 1.11 % 
                  and 2.52% over thicknesses of 3.0 m to 89.5 m. Heavy REE (HREE) represents 
                  between 34.8% and 60.7% of the Total REE (TREO) content intersected in the 
                  new drilling. This observation appears to be consistent with the HREE 
                  contents observed from all previous work on the zone. Strong values of 
                  zirconium (Zr), niobium (Nb), hafnium (Hf) and beryllium (Be) continue to 
                  characterize the REE intercepts and have the potential to contribute 
                  important resource value to the mineralized zone. Mineralization continues 
                  to be open to resource expansion in all directions. Drilling from these 
                  subsequent drillholes stopped in mineralization and gives inference of a 
                  new area of REE mineralization below the level of previously-reported 
                  holes. 
                  
                  "Definition drilling on the B-Zone continues to support management's view 
                  that the B-Zone potentially represents a very-large rare earth resource 
                  which would be potentially amenable to open-pit mining and is building to 
                  be much larger than the historical IOC deposit," said Peter Cashin, Quest's 
                  President & CEO. "The B-Zone's surface area and vertical thickness profile 
                  continues to expand and, as observed in lower third of hole BZ-09-006, 
                  drilling appears to be defining new, thick sections of good grade 
                  mineralization below previously-reported drillholes. This new area of 
                  mineralization will be tested in next year's exploration program through 
                  deepening our earlier drilling and will add important supplemental 
                  resources to the project. In addition, drill results are showing an 
                  important northeast-plunge to the highest grades and thickest sections 
                  returned thus far. Our crews are truly getting a handle on the controlling 
                  structures of the best mineralization observed and will be used to guide 
                  future drilling." 
                  
                  B-Zone Definition Drill Program
                  
                  Assays have been received from five additional vertical drillholes totaling 
                  584.0 m. Drill results have confirmed strong REE mineralization over 700 m 
                  of the 1.0 km strike length of the B-Zone defined in drilling and over 
                  widths of at least 450 m. Hole spacing of between 100 m and 200 m (see 
                  Figure 3) was used in the definition drill program. Drilling continues to 
                  confirm mineralization to be relatively flat-dipping and is exposed at the 
                  outcrop surface. Holes herein reported continue to intersect strongly 
                  mineralized pegmatites and intensely altered and mineralized granite. The 
                  existence of a deep zone of mineralization, as defined by hole BZ-09-006 
                  (see Figure 4, 5, appears to open up a new area of resource potential below 
                  the bottom of previously-reported drillholes BZ-09-001 and -002. The 
                  surface footprint of the B-Zone mineralization is expressed as a two 
                  km-long, northeast-trending airborne radiometric anomaly northwest of the 
                  Strange Lake Main Deposit (historical resource estimate, pre-National 
                  Instrument 43-101; Venkatswaran, 1983 - 52 million tonnes @ 3.25% ZrO2, 
                  0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO). The radiometric anomaly 
                  abuts to the northwest against Brisson Lake and may extend further under 
                  the lake. Historical IOC drilling indicates that mineralization continues 
                  in this direction.
                  
                  The best results returned from the five more holes of the program, 
                  representing 584.0 m of drilling, are:
                  
                  /T/
                  
                  Borehole #        From (m)      To (m)  Length (m)  TREO + Y (%)   HREE (%)
                  ----------------------------------------------------------------------------
                  
                  BZ-09-004            21.0        23.0         2.0          1.26       46.6
                                       32.0       40.13        8.13          1.19       37.3
                  including            35.0       40.13        5.13          1.30       37.6
                  
                  BZ-09-005            11.0       43.76       32.76          1.14       48.3
                  including            25.0       43.76       18.76          1.29       49.9
                  and including        25.0        34.0         9.0          1.21       49.4
                  and including        36.0       43.76        7.76          1.52       46.6
                                       63.0        71.0         8.0          1.21       34.8
                                      117.0       125.0         8.0          1.13       30.5
                             Note: Drill was stopped in mineralization at 125.0 m.           
                  
                  BZ-09-006            76.0       111.0        35.0          1.09       47.1
                  including            76.0        82.0         6.0          2.02       43.1
                  and including        94.0        97.0         3.0          1.36       49.1
                  and including        98.0       101.0         3.0          1.18       60.7
                  and including       107.0       111.0         4.0          1.13       43.0
                           Note: End of hole at 112.5 m, open to further exploration.         
                  
                  BZ-09-008             4.0        93.5        89.5          1.11       42.4
                  including            11.0       22.32       11.32          1.69       46.9
                  and including       28.93        33.0        4.07          2.52       48.9
                  and including        36.0        40.0         4.0          1.35       45.6
                  and including        55.0        58.0         4.0          1.27       53.2
                  
                  /T/
                  
                  Where: Be equals beryllium, Zr equals zirconium, Y equals yttrium, Nb 
                  equals niobium, La equals lanthanum, Ce equals cerium, Nd equals neodymium, 
                  Sm equals samarium, Pr equals praseodymium, Eu equals europium, Gd equals 
                  gadolinium, Tb equals terbium, Dy equals dysprosium, Lu equals lutetium, Tm 
                  equals thulium, LREE equals light rare earth elements, HREE equals heavy 
                  rare earth elements, TREE equals Total Rare Earth metals, TREO equals Total 
                  Rare Earth Oxides.
                  
                  The B-Zone rocks continue to be characterized as highly hematite and 
                  specularite-altered and fluorite-mineralized Strange Lake alkali granite 
                  (see Figure 4). The principal rare earth minerals observed in the core are 
                  Zircon (Zr, Hf, silicate), Gittinsite (Zr, silicate), Xenotime (Y, HREE, 
                  phosphate), Pyrochlore (Nb, Ta, fluoride), Gadolinite (REE, Zr silicate) 
                  and Allanite (LREE silicate).
                  
                  The better grades of mineralization appear to be related to the 
                  equigranular aplitic and pegmatitic phases of the host granite. The 
                  highly-altered granite hosting the aplites and pegmatites continues to 
                  carry elevated grades of REE over the entire length of the drilling. Strong 
                  bulk-grade intersections were returned from drillholes BZ-09-005 (1.0% 
                  REE+Y over 123.0 m) and BZ-09-006 (0.91% REE+Y over 108.5 m). In addition 
                  to REE, the mineralized zone has elevated concentrations of zirconium, 
                  niobium, beryllium, and hafnium which could add to the resource value of 
                  mineralization on the property. Bulk sampling of the B-Zone mineralization 
                  will be shipped soon to Hazen Research, Inc. of Golden, Colorado for pilot 
                  metallurgical testing during the winter period. It should be noted that 
                  Hazen was responsible for the successful metallurgical work completed for 
                  the Strange Lake deposit under contract to IOC in the 1980's. 
                  
                  43-101 Preliminary Resource Estimate
                  
                  An inferred resource estimate for the B- and Main zones will be calculated 
                  once all of Quest's diamond drilling and core analysis work is completed 
                  and all exploration data from the 2009 program is compiled. The data will 
                  be handed over to Wardrop Engineering Inc., of Toronto, Ontario, in 
                  December for commencement of the work. It is anticipated that this resource 
                  estimate will be completed sometimes in the Q2 2010.