Aeroquest International Limited
TSX VENTURE : AQL

Aeroquest International Limited

September 22, 2005 10:29 ET

Aeroquest International Limited Announces Reorganization Of The Company

MILTON, ONTARIO--(CCNMatthews - Sept. 22, 2005) - Roland Horst, Chief Executive Officer and Secretary of Aeroquest International Limited ("AQL") (TSX VENTURE:AQL) announced his resignation from those positions effective October 3, 2005. Mr. Horst will continue as an independent director of AQL.

Mr. Horst stated "I have enjoyed being CEO of AQL, helping to take the company public and building a strong management team. I believe AQL has a great future and I will continue to be active as an independent board member and member of the audit committee".

The board of AQL has appointed Ann Dumyn, an AQL board member, as interim CEO effective October 3, 2005 until the board decides on a permanent CEO. Ann Dumyn is a business executive with over 35 years experience in administration, business development, finance and contract negotiations. Following a 32 year career with Bank of Montreal, Ann was an executive with SNC-Lavalin Inc.

The board of AQL also terminated, without cause, the Consulting Agreement with A-Cubed Inc. effective immediately. Under the terms of the agreement A-Cubed Inc. will receive a payment of $240,000. Dr. Gary Black, principal of A-Cubed Inc. and previously V.P. Instrumentation of AQL, has also resigned as director of AQL and Aeroquest Limited. Stephen Balch, President of AQL will assume the leadership of the Instrumentation Department.

AQL also announces the resignation of L. Lamont Gordon as director of the company effective September 15, 2005 for personal reasons. Mr. Gordon was one of the founding directors of AQL and the AQL board thanks Mr. Gordon for his valuable contribution to the company. Mr. Gordon wished the company significant success in the future and will be available as an advisor to the company.

Aeroquest International Limited (TSX VENTURE: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. AQL has 15,829,162 shares outstanding and 17,448,606 shares on a fully diluted basis.

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

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