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Quest PharmaTech Announces Positive Results from Phase I Clinical Trial of its Photodynamic Therapy for Actinic Keratosis
Date:6/2/2008

7 for dermatology-related applications outside Canada. Paramount Biosciences is conducting Investigational New Drug-enabling pre-clinical studies to initiate a clinical trial for dermatology applications that will meet U.S. Food and Drug Administration requirements for one or more indications. Quest will coordinate with Paramount Biosciences for the further development of SL017.

Quest is also pleased to announce that it has retained The Equicom Group Inc. (Equicom) to provide the Company with strategic investor relations and corporate communications services. Under the terms of the agreement, Quest will pay Equicom a monthly retainer fee of $5,000 for professional services. The initial contract term is 12 months. Neither Equicom nor any of its principals has an ownership interest, directly or indirectly, in Quest or its securities, and Quest has not granted Equicom or its principals any right to acquire such an interest. Equicom is a wholly-owned subsidiary of TSX Group Inc. Equicom provides strategic communications services to more than 100 public companies across a diverse range of industries. For further information about Equicom, please visit http://www.equicomgroup.com.

About Quest PharmaTech Inc.

Quest PharmaTech is a publicly traded (TSX Venture Exchange: QPT), Alberta-based pharmaceutical company committed to the development and commercialization of new pharmaceutical products. It is developing a series of products for the treatment of cancer and dermatological conditions based on its unique SonoLight photodynamic and sonodynamic therapy platform.

TSX Venture Exchange has neither approved nor disapproved of the

information contained herein.


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SOURCE Quest PharmaTech Inc.
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