Quadra Resources Corp.

Quadra Resources Corp.

January 10, 2005 17:16 ET

Quadra Preparing to Test Colombian Exploration Well


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: QUADRA RESOURCES CORP.

CNQ SYMBOL: QDRA.U
FRANKFURT SYMBOL: QR1

JANUARY 10, 2005 - 17:16 ET

Quadra Preparing to Test Colombian Exploration Well

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2005) - Quadra Resources Corp.
(CNQ:QDRA.U) (FWB:QR1) is pleased to report that electrical logging
operations in its 100% owned and operated Colombian exploration well,
B2X, have been successfully completed. On January 8, seven-inch
production casing was installed and cemented to a depth of 3,910 feet
subsurface.

Michael Nugent, President stated, "Based on our analysis of electrical
logs, we have identified over 900 feet of LaLuna formation and 300 feet
of Maracas formation. Good to excellent porosity has been encountered
and hydrocarbon indications were observed in the Drilling Formation
Evaluation Mud Log throughout both Lower Cretaceous carbonate zones. The
Company is now preparing to test both the Maracas and LaLuna formations
commencing later this week."

The B2X well is the second well drilled into the seismically defined
3,000 acre Becerril Structure.

Mr. Nugent further commented "Our technical team is pleased with the
logging and casing operations. Preliminary indications are very
encouraging and we're looking forward, with great anticipation, to the
commencement of testing operations."

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Quadra Resources Corp.
    Michael Whitehead
    Vice-President
    (403) 263-2789
    Email: m.whitehead@quadrares.com
    Website: www.quadrares.com
    Neither the CNQ nor the Frankfurt Exchange have approved or disapproved
    this information.