Oilsands Quest announces filing of disclosure documents and Axe Lake project management and operations appointments

    Amex:   BQI

    CALGARY, June 30 /CNW/ - Oilsands Quest Inc. (Amex:   BQI) (the
"Corporation") announces that it has filed its annual report on Form 10-K,
which includes the Corporation's statement of oil and gas information for the
year ended April 30, 2008 on Form 51-101F1, together with the report on
resource estimates by the Corporation's independent qualified resources
evaluator and the report of the Corporation's management and directors on oil
and gas disclosure pursuant to National Instrument 51-101, Standards of
Disclosure for Oil and Gas Activities of the Canadian Securities
Administrators. A copy of the Corporation's Form 10-K is available on the
Securities and Exchange Commission's website at www.sec.gov and on SEDAR at


    Oilsands Quest announces the appointment of Mark Doig P.Eng., as
Director, Project Management and Facilities, and R.W. (Bill) Hopkins, as the
Well and Facilities Operations Manager, Axe Lake, to the operations team. Mr.
Doig is a senior project management professional with over 28 years of
experience in heavy oil and oil sands projects. Mr. Doig has a unique blend of
engineering, construction and operations expertise along with direct
experience in the design and construction of thermal facilities, mining
facilities and upgrading facilities for the Canadian heavy oil industry. Mr.
Hopkins is an operations specialist with 23 years experience in heavy oil,
power generation and SAGD operations. This includes the design, construction,
commissioning and execution of both reservoir test pilot programs and
commercial SAGD operations. Both individuals are valuable additions to the
Oilsands Quest team.

    About Oilsands Quest

    Oilsands Quest Inc. is aggressively exploring Canada's largest contiguous
oil sands land holding by applying its technical expertise to develop multiple
global-scale discoveries. The Corporation (www.oilsandsquest.com) is the
originator of Saskatchewan's emerging oil sands industry.

For further information:

For further information: Paul O'Donoghue, Vice President, Investor
Relations and Corporate Planning, Email podonoghue@oilsandsquest.com; General
inquiries and retail investors, contact Hedlin Lauder Investor Relations Ltd.,
Toll Free 1-800-299-7823, Office (403) 232-6251, Email:
irinfo@hedlinlauder.com; Institutional investors, contact BarnesMcInerney
Inc., Toll Free 1-866-794-7288, Office (416) 371-0510, Email:

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