Crude Oil Tar Sand Companies

[NYBob]

Oilsands Quest Inc. announces highlights of annual meeting
Thursday October 18, 9:00 am ET
CUSIP # 678046 10 3 Amex: BQI
CALGARY, Oct. 18 /PRNewswire-FirstCall/ -

Oilsands Quest Inc. -
(Amex: BQI - News) announces the results of business conducted
at its annual meeting which was held on Wednesday,
October 17, 2007, in Calgary.

The following Class C directors were re-elected to the Board
of Directors: Ronald Phillips and W. Scott Thompson.

"We are extremely pleased to have Ron and Scott re-elected
to the Board of Directors," said T. Murray Wilson,
Executive Chairman of Oilsands Quest.
"They are valued directors who have made meaningful
contributions to the Company in the past and will continue
do so in the future."

Once the formal meeting was adjourned,
Mr. Christopher H. Hopkins, President and Chief Executive
Officer of Oilsands Quest provided an update on operations.
The corporate presentation is available on
the Company's website at
http://www.oilsandsquest.com

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 company (www.oilsandsquest.com) is the originator
of Saskatchewan's emerging oil sands industry.

Forward-Looking Information
Except for statements of historical fact relating to the company, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information in this news release is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" "will" or "could" occur. There are uncertainties inherent in forward-looking information, including factors beyond Oilsands Quest Inc.'s control, and no assurance can be given that such events will occur on time or at all. Oilsands Quest Inc. undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. The risks and uncertainties set forth above are not exhausting. Readers should refer to Oilsands Quest's current annual report on Form 10KSB and other document filings, which are available at www.sedar.com and at www.sec.gov for a detailed discussion of these risks and uncertainties.


Source: Oilsands Quest Inc.



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