13/06-2008 08:10:22: (QEC) Options Exercised

The following have exercised options 
on June 10, 2008:

Pete Coldham    100,000 @ $0.54           
Total remaining options 725,000 New total for 
shares 100,000

Firoz Dharshi       87,500 @ $0.72

Firoz Dharshi       37,500 @ $0.79           
Total remaining options 300,000 New total for 
shares 125,000

Ian Nicholson     150,000 @ $0.79           
Total remaining options 600,000 New total for 
shares 210,000

Rick Tityk            25,000 @ $0.51           
Total remaining options 800,000 New total for 
shares 100,000

Bjorn Inge Tonnessen has 5,000 shares.