Aeroquest International Limited

Aeroquest International Limited

November 10, 2005 17:00 ET

Aeroquest International Limited Announces Changes in Management and Board of Directors

MILTON, ONTARIO--(CCNMatthews - Nov. 10, 2005) - The Chair and Board of Directors of Aeroquest International Limited (TSX VENTURE:AQL) is pleased to announce the appointment of Mr. Roy Graydon as Chief Executive Officer. Mr. Graydon has also joined the Board of Directors. These appointments are effective November 10, 2005.

Mr. Graydon, a geophysicist by training, brings extensive business and financial experience to his positions. Most recently, Mr. Graydon was Executive Vice President and Chief Financial Officer of Call-Net Enterprises Inc., a TSX-listed company, and prior to that had been involved in the investment industry for 15 years. The appointment of Mr. Graydon strengthens the management team as AQL continues to develop and operate innovative and proprietary airborne geophysical surveying platforms.

Mr. Waldimer Boyko, Chair of AQL had the following comments, "We are pleased to welcome Roy to the company; it is significant for all AQL stakeholders that with his skills and experience, he would choose to lead the company."

In another development, the Board of Directors announces that Mr. Mark Botelho, Chief Financial Officer of AQL, has left the company. Effective immediately the Board has appointed Mrs. Ann Dumyn, an AQL Director, Interim CFO pending the appointment of a permanent replacement for Mr. Botelho. Mrs. Dumyn served as Interim CEO prior to the appointment of Mr. Graydon. The appointments of Mr. Graydon and Mrs. Dumyn are subject to customary regulatory approvals.

Aeroquest International Limited (TSX-V:AQL) is the parent company of Aeroquest Limited, a world leader in the development and operation of innovative and proprietary airborne geophysical surveying platforms servicing the mineral exploration, oil and gas, and environmental industries. More information about AQL can be found at

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

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