Saskatchewan Govt Extends Oilsands Quest's Permit Leases

Oilsands Quest Inc.

Oilsands Quest announced that the Ministry of Energy and Resources of the Government of Saskatchewan has granted the company a one year extension of its Permits in northwest Saskatchewan to May 31, 2010.

These Permits had a five-year term, which expired on May 31, 2009. The regulations provide for three one year extensions of the Permits if the Company continues to meet its obligations.

"With this extension we remain focused on continuing our exploration and testing programs and advancing toward the commercial development of our lands and resources" said Jamey Fitzgibbon, President and Chief Operating Officer.