Aeroquest International Limited (TSX VENTURE: AQL) Confirms Trading on the TSX and Announces Amendment to Normal Course

MISSISSAUGA, ONTARIO, Jul 22 (MARKET WIRE) --
Attention business/financial editors and reporters:

Aeroquest International Limited ("Aeroquest") (TSX VENTURE: AQL)
confirmed today that its common shares will commence trading on the
Toronto Stock Exchange (the "TSX") on July 24, 2008 under the symbol
"AQL". There will be no further trading of Aeroquest's common shares on
the TSX Venture Exchange after July 23, 2008 and the common shares will
be de-listed from the TSX Venture Exchange at the commencement of trading
on the TSX on July 24, 2008.

Aeroquest has also amended the terms of its normal course issuer bid (the
"Bid") through the facilities of the Toronto Stock Exchange (the "TSX"),
which commenced December 17, 2007, to increase the number of common
shares to be purchased from 1,374,660 to 1,653,336. The increase is from
5% of Aeroquest's outstanding common shares to 10% of the public float of
common shares, as of December 7, 2007. The amended Bid has been approved
by the TSX.

The Bid will terminate on December 16, 2008, or on such earlier date as
the Bid is completed or otherwise terminated by Aeroquest. On any given
trading day, Aeroquest may purchase up to 26,393 common shares. Any
common share purchases associated with the Bid will be made on the TSX
and the purchased common shares will be cancelled. To date, Aeroquest has
purchased and cancelled 795,900 common shares under the Bid at an average
price of $2.18 per common share.

The board of directors of Aeroquest believe that the current and recent
market prices of Aeroquest's common shares do not give full effect to
their underlying value, based solely on Aeroquest's opinion of its future
prospects, and that, accordingly, the purchase of common shares pursuant
to the Bid represents an investment opportunity for Aeroquest and a
worthwhile use of its funds.

About Aeroquest

Aeroquest is a global information and technology services company and a
leader in the development and operation of innovative and proprietary
geophysical surveying platforms for the mineral and petroleum
exploration, and environmental services industries. Directly, and through
its sister companies UTS Geophysics and Geophex, Aeroquest fields a fleet
of helicopter and fixed wing survey systems and is active around the
world. More information about Aeroquest can be found at www.aeroquest.ca.
More information on UTS Geophysics can be found at www.uts.com.au. More
information on Geophex can be found at www.geophex.com.

For Investors

This news release may include statements about expected future events
and/or financial results that are forward-looking in nature and subject
to risks and uncertainties. Aeroquest cautions that actual performance
will be affected by a number of factors, many of which are beyond its
control. Future events and results may vary substantially from what
Aeroquest currently foresees. Discussion of the various factors that may
affect future results is contained in Aeroquest's recent filings,
available on SEDAR.

The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.

Contacts:
Aeroquest International Limited
Roy Graydon
President & Chief Executive Officer
(905) 672-4010
Email: rgraydon@aeroquest.ca
Website: www.aeroquest.ca

Copyright 2008, Market Wire, All rights reserved.

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