Questor Technology Inc. Announces Appointment of John Sutherland as Chief Operating Officer and Achieves TSX-V Top 50 Ranking

CALGARY, ALBERTA--(Marketwired - Feb. 12, 2014) -

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Questor Technology Inc. ("Questor" or the "Company") (TSX VENTURE:QST) is pleased to announce the appointment of Mr. John Sutherland as Chief Operating Officer and Officer of the Company effective immediately. Mr. Sutherland has been a key member of the Questor team since November, 2008 performing the role of Vice President Engineering. Mr. Sutherland will provide, in the new role, the structure and guidance the Company will need to manage its recent and anticipated future growth. He will be responsible for capacity planning at the Company's current and planned fabrication facilities, inventory and working capital management, maintenance planning, accessing low cost supply sources and logistics. He will report directly to the CEO and work with the various functions in the organization to optimize Questor's return on assets.

Mr. Sutherland is a mechanical engineer with 25 years of experience gained at multi-national corporations, the Alberta Energy Regulator and as a consulting engineer on various projects in the area of oil and natural gas exploration and production. He has designed and built facilities with a deep focus on all aspects of environment, health and safety in the process.

"I am pleased to have John commit to Questor's long term success in accepting this role and look forward to the impact he will have on our business going forward," said Audrey Mascarenhas, President and Chief Executive Officer. "John's personality and approach are a perfect fit with Questor's talented group of people and I am excited to see the great strides we will make under his watchful eye."

Questor also wishes to announce that it has again achieved a ranking in the 2014 TSX Venture 50®. The 2014 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange spanning Clean Technology, Diversified Industries, Mining, Oil & Gas and Technology & Life Sciences. These emerging companies have shown strong results in key measures of market performance. The ranking is comprised of 10 companies from each of five industry sectors and they were selected based on four equally weighted criteria: market capitalization growth, share price appreciation, trading volume and analyst coverage.

ABOUT QUESTOR TECHNOLOGY INC.

Questor is an international environmental oilfield service company founded in late 1994 and headquartered in Calgary, Alberta, Canada with a field office located in Grande Prairie, Alberta. The Company is focused on clean air technologies with activities in Canada, the United States, Europe and Asia. Questor designs and manufactures high efficiency waste gas incinerators for sale or for use on a rental basis and also provides combustion-related oilfield services. The Company's proprietary incinerator technology destroys noxious or toxic hydrocarbon gases at 99.99% efficiency, which ensures regulatory compliance, environmental protection, public confidence and reduced operating costs for customers. The technology creates an opportunity to utilize the heat generated from efficient combustion. Questor is recognized for its particular expertise in the combustion of sour gas (H₂S). While the Company's current customer base is primarily in the oil and gas industry, its technology is applicable to other industries such as landfills, water and sewage treatment, tire recycling and agriculture.

Questor trades on the TSX Venture Exchange under the symbol "QST".

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.