SOURCE: Energy Quest, Inc.

January 03, 2008 11:20 ET

Energy Quest Appoints New Director and CFO

HENDERSON, NV--(Marketwire - January 3, 2008) - Energy Quest, Inc. (OTCBB: EQST), an emerging leader of alternative energy and the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner, today announced the appointment of Mr. Vasant Jain to serve on the board of directors and to fill the role of Chief Financial Officer. Mr. Jain will be responsible for overseeing the company finances and securing project financing.

"We are very pleased that Mr. Vasant Jain has joined our team," stated Wilf Ouellette, President and CEO of Energy Quest, Inc. "His considerable financial management experience in emerging companies will be of significant value to Energy Quest as we look to continue to execute our business plan."

Vasant Jain added, "Working with Energy Quest's worldwide team is a tremendous opportunity. I am delighted to join this very exciting company. Energy Quest has achieved impressive early success in developing technologies we believe to be unmatched in the rapidly growing green alternative energy market. The Company is well positioned for the future and I very much look forward to my role in assisting Energy Quest build long-term sustainable shareholder value."

About Mr. Vasant Jain

Mr. Jain is a well accomplished world-class business man who has been very successful during the last 20 years; he is a visionary who expects excellence and provides constant and extraordinary leadership to the company and its management. Mr. Jain's favorite saying is "together we will accomplish the extraordinary." Mr. Jain brings 20 years of business experience and creativity to the company and has been successfully involved in currency & bullion trading, large industrial textiles facilities, and real-estate land development.

About Energy Quest

Energy Quest is a diversified energy company with interests in both conventional and renewable energy sources. Its mission is to bring new technologies to bear to enhance existing energy production as well as developing new energy sources. The immediate objective of the company is to secure energy projects using the PyStR™ and M2 gasifier and the acquisition of existing, profitable Alternate Energy companies. This would provide significant positive cash flow to the company while being an ideal location for development, demonstration, and operation of many of the company's new technologies. This is the first of many new technologies Energy Quest plans to announce and deploy over the coming months that will demonstrate that it is possible for an energy company to be both environmentally friendly and highly profitable.

Energy Quest through its subsidiaries, Syngas International Corp. and Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GreenPowerhouse™. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends.

Forward-Looking Statements

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

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