RNS Number:4685D
QuestAir Technologies Inc
24 May 2006

For Immediate Release                                             24 May, 2006


                     QuestAir Prices Public Equity Offering

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATES NEWS SERVICES.


VANCOUVER, B.C. - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) (the
"Company") announces that in connection with its previously announced equity
offering, it has entered into an agency agreement with Canaccord Capital
Corporation and Clarus Securities Inc. (the "Agents") to offer 14,815,000 common
shares from treasury at a price of CDN$1.35 (#0.64) per common share. The gross
proceeds from the offering will be CDN $20,000,250 (#9,481,600). The Company has
granted the Agents an over-allotment option to purchase up to an additional
2,222,250 shares exercisable for 30 days from closing.


The Company filed its final prospectus today in connection with this offering,
which is expected to close on or about 31 May, 2006. The shares are expected to
be admitted to AIM on 31 May, 2006.


Proceeds from this offering will be used to finance the ongoing development and
commercialization of the QuestAir's proprietary gas purification technology, and
for general working capital.


This release shall not constitute an offer to sell or the solicitation of any
offer to buy securities in any jurisdiction. The common shares have not been
registered under the United States Securities Act of 1933, as amended, and they
may not be offered or sold in the United States absent registration or an
applicable exemption from registration.


                                      -30-


About QuestAir Technologies Inc.

QuestAir Technologies, Inc. is a developer and supplier of proprietary gas
purification systems for several large international markets, including existing
markets such as oil refining, biogas production and natural gas processing, and
emerging markets such as fuel cell power plants and fuel cell vehicle refuelling
stations. The Company has joint development agreements with Exxon Mobil Research
and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell
Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on
the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock
Exchange under the symbol "QAR".



Forward Looking Statements

Certain statements in this press release may constitute ''forward-looking''
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such statements use
such words as "anticipate", "believe", "plan", "estimate", "expect", "intend",
''may'', ''will'' and other similar terminology. These statements reflect
current expectations regarding future events and operating performance and speak
only as of the date of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of
whether or not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in the
forward-looking statements.


Contact Information:


QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
www.questairinc.com


UK media contact:                         Canadian media contact:
Charles Ryland                            Terry Foster
Ben Willey                                James Hoggan & Associates
Buchanan Communications                   Phone: (001) 604-739-7500
Phone: +44 207 466 5000


Canaccord Adams Limited:                  Clarus Securities Inc.:
Mark Ashurst                              Rod Campbell
Phone: +44 207 518 2777                   Phone: (001) 604-605-5700



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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