Quest B-Zone Drilling Returns 1.22% Over 55.0 M and 1.27% Over 20.1 M Total Rare Earths, Continues to Expand Resource,

TORONTO, ONTARIO, Nov 12 (MARKET WIRE) --
Quest Uranium Corporation (TSX VENTURE: QUC) is pleased to report that
additional assay results from diamond drilling of their B-Zone rare earth
element (REE) deposit (see Press Release : September 23 and October 15,
2009, Figure1) continues to expand the significant resource potential of
the zone. Quest's new drilling has now returned strong REE drill assay
grades over a minimum strike of 1.1 km. The widths of the mineralized
envelope have increased to at least 500 m and the mineralized envelope is
at least 135.2 m in vertical thickness (up from 123.0 m). Lab results for
holes BZ-09-009 to 014 returned multiple, high rare earth
elements+yttrium (REE+Y) grade intersections of between 1.05 % and 2.52%
over vertical thicknesses of 6.0 m to 66.0 m. Heavy REE (HREE) represents
between 35.3% and 65.1% of the Total REE oxide (TREO) content intersected
in the new drilling. Strong values of zirconium (Zr), niobium (Nb),
hafnium (Hf) and beryllium (Be) continue to characterize the REE
intercepts and have the potential to contribute important resource value
to the mineralized zone. Mineralization continues to be open to resource
expansion at depth and along strike towards the northeast. As reported
for previous drill holes, the 6 drillholes reported today all were
stopped in mineralization.

"New B-Zone drilling results continue to support management's view that
Quest is drilling off a very large rare earth resource potentially
amenable to open-pit mining," said Peter Cashin, Quest's President & CEO.
"The intimate association of the B-zone mineralization with a strong 2.2
km-long airborne radiometric anomaly is an excellent indicator of the
significant surface expression of the zone. We feel that there are strong
indications for at least a doubling of the mineralization found to date.
In addition, drill results continue to confirm an important
northeast-plunge to the highest grades and thickest sections returned
thus far and remains completely open in that direction."

B-Zone Definition Drill Program

Drill results have confirmed strong REE mineralization over 1.1 km of
strike, over widths of at least 500 m and over vertical thicknesses of up
to 135.2 m (see Figure 2). Hole spacing of between 100 m and 200 m was
used in the definition drill program. Drilling has confirmed the
mineralization to be relatively flat-dipping and is exposed at the
outcrop surface (see Figure 3). Holes herein reported continue to
intersect strongly mineralized pegmatites and intensely altered and
mineralized granite. The surface footprint of the B-Zone mineralization
is expressed as a two km-long, northeast-trending airborne radiometric
anomaly northwest of the Strange Lake Main Deposit (historical resource
estimate, pre-National Instrument 43-101; Venkatswaran, 1983 - 52 million
tonnes @ 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% TREO).
The radiometric anomaly abuts to the northwest against Brisson Lake and
may extend further under the lake. Historical IOC drilling indicates that
mineralization continues further towards the northeast, past the limits
of Quest drilling.

The best results returned from six additional vertical drillholes,
totaling 747.2 m, are:

Borehole # From (m) To (m) Length (m) TREO + Y(%) HREE(%)
---------------------------------------------------------------------------

BZ-09-009 3.0 51.0 48.0 1.05 46.2
---------
including 3.0 10.45 7.45 1.15 47.1
and including 17.68 22.0 4.32 1.45 45.1
and including 40.85 51.0 10.15 1.31 51.9
65.0 69.0 4.0 1.97 55.2
82.0 89.0 7.0 1.30 38.7
113.0 118.0 5.0 1.50 42.5

BZ-09-010 62.9 83.0 20.1 1.27 45.5
---------
including 62.9 76.0 13.1 1.39 46.9

BZ-09-011 2.0 68.0 66.0 1.16 40.8
---------
including 2.0 57.0 55.0 1.22 42.6
and including 2.0 39.0 37.0 1.36 46.2
and including 4.0 10.0 6.0 2.52 65.1
and including 31.0 39.0 8.0 1.78 45.0

BZ-09-012 65.9 102.5 36.6 1.21 41.1
---------
including 65.9 77.0 11.1 1.68 47.5
and including 93.59 102.5 8.91 1.29 49.2

BZ-09-013 13.49 19.0 3.51 1.10 39.4
---------
37.0 45.0 8.0 1.47 48.3
99.0 102.0 3.0 1.61 47.1
125.0 132.0 7.0 1.41 47.1
including 125.0 127.65 2.65 1.79 49.5
and including 129.64 132.0 2.36 1.66 47.2

BZ-09-014 47.95 48.24 1.05 1.32 49.0
---------
51.83 55.43 3.6 1.02 38.1
105.0 111.0 6.0 1.02 30.8
including 105.0 105.83 0.83 1.92 25.9

Where: Be equals beryllium, Zr equals zirconium, Y equals yttrium, Nb
equals niobium, La equals lanthanum, Ce equals cerium, Nd equals
neodymium, Sm equals samarium, Pr equals praseodymium, Eu equals
europium, Gd equals gadolinium, Tb equals terbium, Dy equals dysprosium,
Lu equals lutetium, Tm equals thulium, LREE equals light rare earth
elements, HREE equals heavy rare earth elements, TREE equals Total Rare
Earth metals, TREO equals Total Rare Earth Oxides.

The better grades of mineralization appear to be related to the
pegmatitic phases of the host granite (see Figure 4). The highly-altered
granite hosting the pegmatites continues to carry elevated grades of REE
over the entire length of the drilling. Strong bulk-grade intersections
were returned from drillholes BZ-09-011 (1.05% REE+Y over 110.0 m) and
BZ-09-013 (0.91% REE+Y over 135.2 m). In addition to REE, the mineralized
zone has elevated concentrations of zirconium, niobium, beryllium, and
hafnium which could add to the resource value of mineralization on the
property. As an example, the section on Hole BZ-09-011 from 2.0 m to 39.0
m down the hole (37.0 m core length) grades 0.30 % niobium oxide (Nb2O5).

Preliminary mineralogical work on the B-Zone mineralization by Hazen
Research, Inc. of Golden, Colorado has commenced. The B-Zone rocks are
characterized as highly hematite and specularite-altered and
fluorite-mineralized Strange Lake alkali granite. The principal rare
earth minerals observed in the core are Zircon (Zr, Hf, silicate),
Gittinsite (Zr, HREE silicate), Kainosite (Y, LREE, silicate), Pyrochlore
(Nb, Ta, hydroxide), Gadolinite (Y, HREE silicate) and Allanite (LREE
silicate). The B-Zone appears to be mineralogically similar to the Main
IOC deposit to the southwest and may exhibit similar metallurgical
characteristics to the IOC REE zone. The remainder of the bulk sample
collected from the zone will be used for pilot metallurgical testing
during the winter period.

43-101 Preliminary Resource Estimate

An inferred resource estimate for the B- and Main zones will be
calculated once all of Quest's diamond drilling and core analysis work is
completed and all exploration data from the 2009 program is compiled. The
data will be handed over to Wardrop Engineering Inc., of Toronto,
Ontario, in December for commencement of the work. It is anticipated that
this resource estimate will be completed sometimes in the Q2 2010.

Quality Control

Mr. Peter Cashin, P. Geo., is the qualified person on the Strange Lake
Project under National Instrument 43-101 and was responsible for this
news release. Material for analysis has been obtained from drill core
which was cut in half using a diamond saw. Half of the core was sent to
the lab for analysis, with the remaining half left on-site for future
reference. A strict QA/QC program is followed which includes the use of
elemental standards, duplicates and blanks. Analyses were performed by
Activation Laboratory Limited of Ancaster, Ontario.

The 1983 historical mineral resource estimate referred to in this press
release was prepared before the introduction of National Instrument
43-101. No qualified person has undertaken sufficient work to classify
this historical resource estimate as current mineral resources or mineral
reserves. Accordingly, Quest is not treating the historical resource
estimate as current mineral resources or mineral reserves, as defined in
National Instrument 43-101, and the historical resource estimate referred
to in this press release should not be relied upon.

About Quest Uranium

Quest Uranium Corporation is a Canadian-based, exploration company
focused on the identification and discovery of new world-class Rare Earth
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 premier
exploration areas: the Strange Lake area of northeastern Quebec, the
Kenora area of northwestern Ontario and the Plaster Rock area of
northwestern New Brunswick. Quest continues to pursue high-value project
opportunities throughout North America.

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". To view Figure 1,
please visit the following link:

http://media3.marketwire.com/docs/Quest1.pdf

To view Figure 2, please visit the following link:

http://media3.marketwire.com/docs/Quest2.pdf

To view Figure 3, please visit the following link:

http://media3.marketwire.com/docs/Quest3.pdf

To view Figure 4, please visit the following link:

http://media3.marketwire.com/docs/Quest4.pdf

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 this release

Contacts:
Quest Uranium Corporation
Peter J. Cashin
President and CEO
(416) 916-0777 or 1-887-916-0777
(416) 916-0779 (FAX)
info@questuranium.com
www.questuranium.com

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