Quad Energy Corp.
PINK SHEETS : CDID

September 30, 2010 08:00 ET

Quad Energy Corp. Signs LOI to Acquire 50% Working Interest in 11360 Acres in Gas Production

ORLANDO, FLORIDA--(Marketwire - Sept. 30, 2010) - Quad Energy Corp. (PINK SHEETS:CDID) has entered into a letter of intent to acquire a 50% working interest in the company Luxur Resources Inc. The working interest is in a total of 11360 acres of long term gas production in the south east corner of Alberta Canada. In addition to the large land holdings that are in the company, it has 30.21 KM of 6 and 8 inch production line running through property and 7.53 KM of 4 inch tie in lines. The company has a total of 9 gas wells that were drilled with in the last 2-5 years. It has an unproven potential reserve of 2 BCF per section. Eight of these wells are on limited production and one needs to be completed and tied in. Luxur Resources land is surrounded by some substantial companies i.e.: Nexen Inc. Direct Energy Inc. Enerplus Corp. and the City of Medicine Hat Gas Dept. We feel confident in the potential of this company as it has the land base, infrastructure and recoverable reserves to move it to the next level. It needs a limited development plan and our competent team to accomplish this.

The company would pay up to $1.5million for the 50% working interest.

The company is undertaking due diligence and will announce the signing of a definitive agreement in the event that one is signed.

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

About Quad Energy Corp. …

An independent junior oil and gas exploration, development and production company headquartered in Orlando, FL.The Company is duly incorporated in the State of Nevada. The Company's common shares are listed for trading on the electronic over-the-counter pinksheet's (OTC-PINK) market in the United States and trades under the symbol "CDID".

Behalf of the Board of Quad Energy Corp.

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