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Canadian Quantum to Complete Alexander Project Test Well

13 Mar 2012
Canadian Quantum Energy Corporation ("Canadian Quantum" or the "Corporation") (TSX VENTURE:CQM) announces that its 16-11-56-27 W4M exploratory test well ("16-11 Well") has been drilled and cased to a depth sufficient to adequately evaluate the primary formations of interest being the offsetting light oil producing Alexander sand and the Detrital formation as well as the Ellerslie and Wabumun formations. A service rig has been contracted to commence completion operations. Results will be released as they become available. Canadian Quantum holds a 50% interest in the 16-11 Well as well as throughout 27 contiguous sections comprising the Alexander First Nations Project Lands.

Canadian Quantum's 50% partner and operator of the Alexander First Nations Project Lands is Sundance Energy Corporation (TSX VENTURE:SNY)(OTCQX:SNYXF). The Corporation's previously announced 50% participation in a 3D seismic program consisting of approximately 9 square miles of shooting and recording is underway. Data from the 16-11 Well will be integrated into the 3D seismic data to optimize additional drilling locations on lands controlled by Canadian Quantum and its partner