AQL Aeroquest Intl Ltd

Aeroquest International Limited, (TSX VENTURE:AQL) a world leader in the
development and operation of innovative and proprietary airborne geophysical
surveying platforms is pleased to announce that it has entered into a Technology
Partnership Agreement with Spectrem Air Limited, a wholly-owned subsidiary of
Anglo American, Plc. This Agreement has evolved out of several years of informal
collaboration, based on the sale of an AeroTEM(TM) system to Spectrem in 2005.


Under the Agreement, Aeroquest and Spectrem will collaborate to make continuous
improvements to Aeroquest's proprietary AeroTEM time-domain electromagnetic
system. The Agreement will run indefinitely, unless terminated by the parties,
and will confer automatic royalty-free licenses to each party on any upgrades to
AeroTEM technology made by either party. The parties have established several
Projects under the Agreement and each project is expected to lead to at least
one AeroTEM upgrade.


"Spectrem is the only company in the world to whom we have licensed AeroTEM
technology", said Roy Graydon, Aeroquest's President & CEO, "It makes great
sense to combine the efforts and experience of our technical staff with the
considerable resources and expertise of Spectrem and Anglo. We are excited about
the opportunity to leverage our research teams, to accelerate and drive new
technological developments, and to deliver new exploration tools to exploration
companies worldwide through Aeroquest's global network of offices."


"Aeroquest and Spectrem share similar philosophies with respect to technology
research and development." stated Louis Polome, Manager of Spectrem. "AeroTEM is
our system of choice in the world for helicopter-borne time-domain
electromagnetics and we are looking forward to working with Aeroquest to take
the technology to the next level."


For Investors

This news release may include statements about expected future events and/or
financial results that are forward-looking in nature and subject to risks and
uncertainties. The Company cautions that actual performance will be affected by
a number of factors, many of which are beyond its control. Future events and
results may vary substantially from what the company currently foresees.
Discussion of the various factors that may affect future results is contained in
the Company's recent filings, available on SEDAR.

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