SOURCE: Energy Quest, Inc.

November 19, 2007 12:04 ET

Energy Quest Receives Letter of Intent for Clean Coal Power Plants in India

Two Coal Fired Plants Totaling 1200 Megawatts to Be Constructed With Company's Clean Coal Gasification Technologies

HENDERSON, NV--(Marketwire - November 19, 2007) - Energy Quest, Inc. (OTCBB: EQST), an emerging leader in the development and production of hydrogen-enriched alternative fuels and alternative power generation in an environmentally responsible manner, today announced that it has received a Letter of Intent from Vimala Enterprise of Mumbai, India for the construction of two electrical power generation plants in India. One of the plants is a 500MW clean coal power project (Coal gasification) 1st phase and a second 700 MW 2nd phase for a total of 1200 MW for the two plants. Energy Quest will be providing proven gasification technologies, procurement, commissioning and management of the project.

Energy Quest, Inc. and their representative in India have been in negotiations with Vimala Enterprise of Mumbai, India along with their project developers to establish clean coal power projects in India. The agreement remains subject to mutual acceptance of terms & conditions to be set forth in a definitive and binding agreement.

Vimala Enterprise has established all infrastructure including, financing, land, water, coal linkage and related government permission for these new projects. Both plants are anticipated to be coal fired power plants constructed with Energy Quest's clean coal gasification technologies to reduce the effects of global warming.

Mr. Wilf Ouellette, President and CEO of Energy Quest, Inc. stated, "We are pleased to have solidified the Letter of Intent for this substantial project. The clean coal emulsion and gasification technologies for power generation would save 30% over regular coal consumption and also produces distilled water as a byproduct from the process. The project cost for phase one is US$450 million dollars and funded by the end user. Energy Quest will be providing the cost of the 700 MW facilities along with the required agreements and schedules. Upon signing of a definitive agreement and EPC contract, we anticipate commencing the project as soon as all engineering milestones are completed."

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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