Aeroquest International Limited
TSX VENTURE : AQL

Aeroquest International Limited

November 17, 2006 16:33 ET

Aeroquest International Limited-Press Release

MILTON, ONTARIO--(CCNMatthews - Nov. 17, 2006) - Aeroquest International Limited (TSX VENTURE:AQL) announced today that, at the request of the Ontario Securities Commission, it has re-filed its Management's Discussion and Analysis ("MD&A") for the year ended April 30, 2006, to add the CEO's and CFO's conclusions concerning the effectiveness of the Company's disclosure controls and procedures. The amendment indicates that an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures was conducted as of April 30, 2006 and April 30, 2005 by and under the supervision of management, including the CEO and CFO. It further states that, based on this evaluation, the CEO and CFO concluded that as of November 16, 2006 the disclosure controls and procedures were effective. There has been no restatement of financial information previously filed.

The re-filed MD&A may be accessed at www.sedar.com or on the Company's website at www.aeroquest.ca.

Aeroquest International Limited (TSX VENTURE:AQL) is 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 www.aeroquest.ca.

For Investors

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the company currently foresees. Discussion of the various factors that may affect future results is contained in the company's recent filings with the Ontario Securities Commission and SEDAR.

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

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