Attention business/financial editors and reporters:

Aeroquest International Limited ("Aeroquest") (TSX VENTURE:AQL) confirmed today
that its common shares will commence trading on the Toronto Stock Exchange (the
"TSX") on July 24, 2008 under the symbol "AQL". There will be no further trading
of Aeroquest's common shares on the TSX Venture Exchange after July 23, 2008 and
the common shares will be de-listed from the TSX Venture Exchange at the
commencement of trading on the TSX on July 24, 2008.


Aeroquest has also amended the terms of its normal course issuer bid (the "Bid")
through the facilities of the Toronto Stock Exchange (the "TSX"), which
commenced December 17, 2007, to increase the number of common shares to be
purchased from 1,374,660 to 1,653,336. The increase is from 5% of Aeroquest's
outstanding common shares to 10% of the public float of common shares, as of
December 7, 2007. The amended Bid has been approved by the TSX.


The Bid will terminate on December 16, 2008, or on such earlier date as the Bid
is completed or otherwise terminated by Aeroquest. On any given trading day,
Aeroquest may purchase up to 26,393 common shares. Any common share purchases
associated with the Bid will be made on the TSX and the purchased common shares
will be cancelled. To date, Aeroquest has purchased and cancelled 795,900 common
shares under the Bid at an average price of $2.18 per common share.


The board of directors of Aeroquest believe that the current and recent market
prices of Aeroquest's common shares do not give full effect to their underlying
value, based solely on Aeroquest's opinion of its future prospects, and that,
accordingly, the purchase of common shares pursuant to the Bid represents an
investment opportunity for Aeroquest and a worthwhile use of its funds.


About Aeroquest

Aeroquest is a global information and technology services company and a leader
in the development and operation of innovative and proprietary geophysical
surveying platforms for the mineral and petroleum exploration, and environmental
services industries. Directly, and through its sister companies UTS Geophysics
and Geophex, Aeroquest fields a fleet of helicopter and fixed wing survey
systems and is active around the world. More information about Aeroquest can be
found at www.aeroquest.ca. More information on UTS Geophysics can be found at
www.uts.com.au. More information on Geophex can be found at www.geophex.com.


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. Aeroquest 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 Aeroquest currently foresees.
Discussion of the various factors that may affect future results is contained in
Aeroquest's recent filings, available on SEDAR.
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