SOURCE: Quantum Energy Inc.

August 27, 2014 12:21 ET

Quantum Energy Signs Two Year Option on 144 Acre Refinery Site

TEMPE, AZ--(Marketwired - Aug 27, 2014) - Quantum Energy, Inc. (PINKSHEETS: QEGY), with offices in Williston, North Dakota, announced today that it has signed a two year option to purchase 144 acres in Richland County, Montana to serve as one site of Quantum's proposed five refinery plan to bring a new generation of refineries to North Dakota & Montana. The site is near Fairview and accessible to the Northstar Transload being constructed in North Dakota.

"We are very pleased with this new Fairview location as it has already been vetted by our EPC contractor for its suitability as a site and has received a favorable response from the local Richland County authorities we have met with so far," said Stan Wilson, Quantum Chairman. "With the securing of this site, we plan to immediately begin the permitting process and finalizing funding with our sources who have been awaiting this critical step," Wilson said.

Quantum had a purchase agreement for a site in East Fairview, North Dakota that previously expired due to difficulties in accomplishing the necessary local zoning which Quantum does not anticipate being a problem given the initial reception from Richland County.

"Fairview is a strategic energy location for the western Bakken, providing a rail and highway nexus, to access the majority of the current well activity in McKenzie Co, ND. With the construction of NorthStar Transload in E. Fairview, Quantum is on the leading edge of regional energy independence," said Neil Amondson, Quantum Advisory Board Chairman and NorthStar Transload principal.

About Quantum Energy, Inc.

QUANTUM ENERGY, INC. is a development stage, publicly traded, diversified holding company with offices in Williston, North Dakota. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution www.quantum-e.com.

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