Oilsands Quest Appoints Garth Wong as Chief Financial Officer



    Amex:   BQI

    CALGARY, Feb. 4 /CNW/ - Oilsands Quest Inc. (Amex:   BQI) today announces
the appointment of Garth Wong CA, as Chief Financial Officer of the company
effective February 23, 2009. Mr. Wong replaces Karim Hirji who is stepping
down as previously announced. Mr. Hirji will continue to consult to the
company.
    The company is pleased that Mr. Wong has joined us as the new Chief
Financial Officer. Most recently, he was a Principal and Vice President of
Sokol Developments Inc., a private real estate company involved in the
development of commercial and residential properties in Calgary. Prior to
that, Mr. Wong served as Vice President and Comptroller for TransAlta
Corporation, Canada's largest investor-owned wholesale power generator and
marketing company, where he was responsible for financial reporting, planning,
taxation and budgeting, as well as financial systems and processes.
    Mr. Wong has a Bachelor of Commerce degree from the University of Calgary
and holds a professional designation as a Chartered Accountant (Alberta).
Additional industry experience includes 18 years of increasing accounting and
financial responsibilities with Union Pacific Resources Inc. (formerly Norcen
Energy Resources) and KPMG LLP.
    Mr. Wong will have overall responsibility for all financial matters of
the company including, financings, accounting, reporting, treasury, tax and
auditing. He will report to Jamey Fitzgibbon, Oilsands Quest President and
COO.
    "We are very excited to have Garth join our senior management team as
CFO," said Jamey Fitzgibbon. "Garth brings a wealth of skills in both finance
and business development which will enhance our already strong management
team."
    The company would like to thank Mr. Hirji for his contributions, as he
played a significant role in the development of the company.
    "Karim has been with Oilsands Quest since its inception. He provided
strong leadership and was instrumental to our growth," said Christopher H.
Hopkins, Chief Executive Officer of Oilsands Quest. "I would personally like
to thank Karim for his contribution to the company, and for his efforts which
have and will continue to benefit our shareholder's interests."

    About Oilsands Quest

    Oilsands Quest Inc. (www.oilsandsquest.com) is aggressively exploring
Canada's largest holding of contiguous oil sands permits and licences, located
in Saskatchewan and Alberta, and developing Saskatchewan's first global-scale
oil sands discovery. It is leading the establishment of the province of
Saskatchewan's emerging oil sands industry.





For further information:

For further information: Paul K. O'Donoghue, MBA, Vice President,
Investor Relations and Corporate Planning, Email: ir@oilsandsquest.com,
Investor Line: (403) 263-1623

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Oilsands Quest Inc.

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