Quest Uranium Corporation

Quest, in an option agreement signed with Nebu Resources Inc., will carry out advanced exploration over its Stewart Lake and Nanuk properties. Nebu, in a letter agreement signed on April 30, 2008, is committed to spend a minimum of $1.0 million this year and $3.0 million over the next three years to earn a 50% interest. The agreement covers 3,923 mineral claims (2 claim blocks, see below) comprising 162,987 hectares. Quest will also receive a total of 600,000 Nebu common shares over the term of the agreement.

Current Work
A total of 450 line kilometres of gridding was completed over the Nanuk mineralized region and follow-up detailed prospecting and geological
mapping has begun. Two new zones of uranium mineralization (Nanuk LK and Nanuk DC, see Figure 2) were discovered to the north of previously-defined mineralized areas. In-fill prospecting and mapping shows excellent continuity to the mineralization between the new Nanuk LK and Nanuk 1 zones and has been traced at surface over widths of between 50 and 500 metres. Good continuity of the uraniferous zone over a minimum strike length of 2,000 metres has been observed. The most continuous uranium mineralization is associated with leucogranites that have been flooded by intense silica and biotite. Brecciated leucogranite is common in these areas. Biotite-rich and occasionally sulphide-bearing sedimentary gneisses are interleaved with the leucogranite and occur as large blocks within the intrusive host to mineralization. In general, uranium concentrations obtained from spectrometer surveys increase with increases in the content of biotite within the intrusive breccias. Extensive grab and channel sampling has been completed in the area and samples are being processed by the labs. Prospecting crews have completed their evaluation of the numerous radiometric anomalies present on the Stewart Lake property. Work there has confirmed the significance of the previously-defined mineralization and will be the focus of future exploration on the property. Evaluation of the 2008 survey results is in progress. Assessment of this data will guide future exploration intentions for the property area.

Corporate Essentials

Quest-Nebu George River Option Project