SOURCE: Royal Quantum Group, Inc.

March 15, 2007 13:54 ET

Royal Quantum Enters Into an Agreement to Acquire 100% Interest in Uranium Project

CALGARY, AB -- (MARKET WIRE) -- March 15, 2007 -- Royal Quantum Group, Inc. (OTCBB: RYQG) is pleased to announce it has entered into an agreement with International Minerals Management dba Alternative Energy of California (AEC) to acquire 100% of AEC's highly prospective Uranium property located in eastern Garfield County, near the town of Ticaboo, Utah.

The property consists of approximately 700 acres and borders Dennison Mines' Henry Mountains Complex Claim block to the southwest, and is situated approximately 1 mile from the Tony M Uranium Deposit. The agreement is subject to Royal Quantum completing its final due diligence on or before March 30, 2007.

Royal Quantum is a North America-based exploration and development Company, focusing on the acquisition and development of Uranium, Gold and Copper projects which demonstrate high probability for near term production. Royal Quantum is a fully reporting public company trading on the OTCBB market under the symbol RYQG.

Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Visit the Royal Quantum Group, Inc. website at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.

Contact Information

  • For additional information please contact:
    Royal Quantum Group, Inc.
    Suite # 145, 251 Midpark Blvd S.E.
    Tel: 403-288-4321
    Fax: 403-201-5792