Canadian Quantum Energy Corporation
TSX VENTURE : CQM

Canadian Quantum Energy Corporation

November 24, 2009 09:15 ET

Canadian Quantum Announces It's Participation in the Talisman Gentilly 2A HZ Well, Utica Shale Play, Quebec

CALGARY, ALBERTA--(Marketwire - Nov. 24, 2009) - Canadian Quantum Energy Corporation ("Canadian Quantum" / "the Company") (TSX VENTURE:CQM) is pleased to announce that it will be participating in the Talisman Gentilly 2A HZ, a horizontal well off-setting the original vertical Gentilly #1, Utica Shale Play, Quebec.

The operation is expected to commence in early December and should take approximately 35 days to complete the drilling portion. Completion of the planned 1,000 meter horizontal section is expected to follow shortly thereafter.

Canadian Quantum has a 3.75% working interest and a 0.75% royalty interest in the up-coming horizontal well. The Company holds various interests in approximately 170,000 acres in the Quebec Lowlands, Utica Shale Play.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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