Aeroquest International Limited
TSX VENTURE : AQL

Aeroquest International Limited

October 23, 2007 17:21 ET

Aeroquest International Limited to Change Its Year End

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 23, 2007) -

Attention business/financial editors and reporters:

Aeroquest International Limited (TSX VENTURE:AQL) announces that it has resolved to change its financial year end from April 30th to September 30th of each year. The year end change was undertaken to more effectively accommodate group consolidation and reporting across its international subsidiaries and to better reflect the seasonality of its business. The Company has received approval from Canada Revenue Agency for this change, which will be effective for the period ended September 30, 2007 and forward.

About Aeroquest International

Aeroquest International is a world leader in the operation and development of innovative and proprietary airborne geophysical surveying platforms servicing the mineral exploration, petroleum exploration, and environmental industries. Directly, and through its sister company UTS Geophysics, Aeroquest fields a fleet of over two dozen helicopter and fixed wing systems and is active on almost every continent in the world. More information about Aeroquest can be found at www.aeroquest.ca. More information on UTS Geophysics can be found at www.uts.com.au

For Investors

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's recent filings, available on SEDAR.

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

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