Notes:  12/31/2015 -- Exchange Act Registration was revoked (Section 12(j)) ________ CALGARY, ALBERTA, Oilsands Quest Inc. (NYSE MKT: BQI) has applied to delist its shares from the NYSE MKT following discussions with representatives from the NYSE MKT about the Company’s current status. Oilsands Quest has filed an application to list the Company's stock on the Canadian National Stock Exchange (CNSX), which would, if successful, enable Oilsands Quest’s shareholders to trade their shares once the new listing becomes active. Listing on the CNSX is subject to the Company meeting the exchange’s minimum listing qualifications and other requirements. The Company expects the delisting from the NYSE MKT to be effective before the end of June, 2012. If the application to list with the CNSX is successful, the Company’s objective is to have its shares listed and trading on or before the delisting from the NYSE MKT. Oilsands Quest will provide further disclosure with specific trading details as its application is processed by the CNSX. Oilsands Quest continues to operate under the protection of the Companies’ Creditors Arrangement Act (Canada) and the supervision of a court-appointed monitor. As of January 2, 2013 it is currently trading on OTCBB-Other.

Company's Online Information Links

HOME PAGE:     http://www.oilsandsquest.com/
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Company's Email Address Links

Email Address

IR@oilsandsquest.com

Address and Phone Numbers

Address:   800, 326 - 11th Avenue SW, Calgary, Alberta, Canada T2R 0C5
Main Phone Number	403-263-1623
Fax Number	Not Available
Investor Relations	877-718-8941
Toll Free Phone Number	877-718-8941

CEO - Garth Wong

CFO - Annie Lamoureux