Oilsands Quest announces participation at conference

    CUSIP No. 678046 10 3
    NYSE Amex:   BQI

CALGARY, Feb. 2 /CNW/ - Oilsands Quest Inc. (NYSE AMEX: BQI) announces its participation at the Insight Canadian Oil Sands Summit on Tuesday February 2, 2010. T. Murray Wilson, Chairman, President and Chief Executive Officer will be presenting a Corporate Update on the Company's current activities and plans.

The presentation will be posted on the Oilsands Quest website www.oilsandsquest.com on February 2, 2010.

About Oilsands Quest

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

SOURCE Oilsands Quest Inc.

For further information: For further information: Riyaz Mulji, Manager, Investor Relations, Email: ir@oilsandsquest.com, Investor Line: 1-877-718-8941

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Oilsands Quest Inc.

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