CORRECTION FROM SOURCE: Quest Completes $1.5 Million Private Placement

TORONTO, ONTARIO, Jun 26 (MARKET WIRE) --
A correction from source has been issued for the release disseminated at
2:30 PM ET. The previous release indicated that a full share warrant was
issued with each share unit issued, when it should have indicated that a
half share warrant was issued with each share unit issued. The corrected
release follows:

Quest Uranium Corporation (TSX VENTURE: QUC) announces that it has
completed its previously-announced private placement by issuing an
aggregate of 6,818,180 common shares to "accredited investors" in British
Columbia, Bermuda, Switzerland and the United States at a price of $0.22
per share, for gross proceeds to Quest of $1.5 million.

Each share is accompanied by one-half of a common share purchase warrant.
Each full warrant entitles its holder to purchase one additional Quest
share at a price of $0.40 for one year.

The proceeds from the private placement will be used for exploration on
and adjacent to Quest's Strange Lake Rare Element deposit and for working
capital purposes.

As a result of the private placement, there are 35,069,919 common shares
of Quest issued and outstanding. Under applicable securities legislation,
the securities issued in the private placement are subject to a
four-month hold period, expiring on October 27, 2009.

About Quest Uranium

Quest Uranium Corporation is a Canadian-based, exploration company
focused on the identification and discovery of new world-class uranium
and REE deposit opportunities. The company is publicly-listed on the TSX
Venture Exchange as "QUC" and is led by a highly-respected management and
technical team with a proven mine-finding track record. Quest is
currently advancing several high-potential projects in Canada's top
frontier exploration areas: the George River Belt of northeastern Quebec,
the Kenora area of northwestern Ontario and the Plaster Rock area of
northwestern New Brunswick. Quest is also actively pursuing additional,
high-potential project opportunities throughout North America as a
supplement to its strong property portfolio.

This press release may contain "forward-looking statements". Readers are
cautioned that any such statements are not guarantees of future
performance and that actual developments or results may vary materially
from those in these "forward looking statements."

Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the release.

Contacts:
Quest Uranium Corporation
Peter J. Cashin
President & CEO
(416) 916-0777 or 1-877-916-0777
(416) 916-0779 (FAX)
info@questuranium.com
www.questuranium.com

Copyright 2009, Market Wire, All rights reserved.

-0-