Logan Magruder Resigns From Quantum Resources

DENVER, CO--(Marketwire - April 2, 2009) - Quantum Resources announced today that Logan Magruder has stepped down as its President and Chief Operating Officer effective March 30, 2009. Mr. Magruder will be pursuing other opportunities within the industry.

Donald Wolf, Chairman of Quantum Resources, stated, "Logan joined me in building the company as it began operations in 2006 and was instrumental in developing and leading the company over the past three years. Logan's leadership within the industry and his expertise as an oil and gas executive will be missed at Quantum Resources and we wish him every success in his future endeavors."

Mr. Magruder commented, "It has been an absolute pleasure to have worked closely with Don and Quantum Resources. I know Quantum Resources will be highly successful as they deploy the remaining capital of the fund in what appears to be a favorable acquisition market."

Prior to joining Quantum, Mr. Magruder held management positions with Berry Petroleum and Barrett Resources.

Founded in 2006, the Quantum Resources funds have $1.2 billion in total equity commitments from investors. Quantum Resources targets acquisitions in the $200 million to $2 billion size range and since inception has acquired more than $600 million of properties in nine states with fields located in the Permian Basin, Mid-Continent, Gulf Coast and Rocky Mountain regions.

Contact Information: Quantum Resources Media Contact: Beverly Jernigan 713-494-1733 Quantum Resources Company Contact: David Bole 713-328-0022