Qeva Group Inc.

Qeva Group Inc.

November 08, 2005 17:35 ET

Qeva Group Inc. Announces Change of Auditor and Purchase of Property

CALGARY, ALBERTA--(CCNMatthews - Nov. 8, 2005) - Qeva Group Inc. ("QEVA") announces that it has changed the auditors for the company. The former auditor MPG Chartered Accountants resigned at the Corporation's request and the new auditors Hudson and Company LLP have been approved and appointed by the Corporation's Board of Directors. The former auditor's reports did not contain any reservations and there were no reportable events.

Qeva also announces today that it has purchased a 26.64% working interest in a producing property in the Hastings area from Longbow Energy Corp. for a total purchase price of $800,000 consisting of $550,000 in cash and $250,000 in value, by way of issuing 714,286 common shares of Qeva Group Inc. valued at $0.35/share. The effective date of the transaction is September 1, 2005.

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