Royal Quantum Group Inc. Update on Property Acquisition

CALGARY, AB, Jul 31 (MARKET WIRE) --
Royal Quantum Group, Inc. (OTCBB: RYQG) announces phase one of the
engineering evaluation on the Ohio Oil & Gas property has been completed
and is now under review by management and the property owners. This phase
consisted of a detailed analysis of the existing production values only.
Further analysis of the property is to include the behind pipe,
down-hole, coal bed methane and Marcellus shale potential and will be
evaluated over the coming months. Continued analysis of the property will
be contingent on successful negotiations with the landowner to allow for
the time to conclude the report. Information on the report will be
released upon its completion.

The company is continuing its discussions with the landowner to allow for
the additional time required in order to complete the required 3rd party
engineering evaluation of the property. This evaluation was done at the
request of the lending institution, as one of their requirements for the
release of funds to conclude the acquisition.

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. web site at www.royalquantum.com.
Information included on the Company's website is not incorporated herein
by reference or otherwise.

For additional information please contact:

Royal Quantum Group, Inc.
Suite # 145
251 Midpark Blvd S.E.
Calgary, AB T2X 1S3
Tel: 403-288-4321
Fax: 403-201-5792

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