ASC Extends Cease Trade Order Against Gold-Quest

    CALGARY, March 27 /CNW/ - The Alberta Securities Commission (ASC) has
extended an interim cease trade order that prohibits trading in Gold-Quest
International (Gold-Quest) securities, prohibits Gold-Quest from trading in
any securities, and denies Gold-Quest all exemptions contained in the Alberta
securities laws until a hearing is held or a further order is issued by the
    An ASC panel issued the 15-day interim cease trade order on March 13,
2008 after hearing evidence from ASC staff that Gold-Quest traded its
securities to Alberta investors without registration. Investor alerts were
recently issued by the British Columbia and Manitoba Securities Commissions
regarding their investigation of Gold-Quest. The British Columbia Securities
Commission has also issued a trading ban against Gold-Quest in respect to
filing deficiencies.
    The subject of the interim cease trade and extension orders, Gold-Quest
International, is not to be confused with GoldQuest Mining Corp., a TSX-V
listed company based in British Columbia.
    A copy of the interim cease trade order and the extension order can be
found at The ASC is the regulatory agency
responsible for administering the province's securities laws. It is entrusted
to foster a fair and efficient capital market in Alberta and to protect
investors. As a member of the Canadian Securities Administrators, the ASC
works to improve, coordinate and harmonize the regulation of Canada's capital

For further information:

For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications & Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488

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