Oilsands Quest Inc.

CALGARY, Aug. 26, 2011 /CNW/ --
CUSIP# 678046 10 3

NYSE Amex: BQI

CALGARY, Aug. 26, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company'), announced today that it is
extending its ongoing subscription rights offering originally announced
on July 18, 2011 (the 'Rights Offering') to September 12, 2011 at 5:00
p.m. Eastern Daylight Time (EDT). Holders of the subscription

CALGARY, Aug. 10, 2011 /CNW/ --
CUSIP# 678046 10 3

NYSE Amex: BQI

CALGARY, Aug. 10, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company') is extending the rights
offering announced on July 18, 2011 (the 'Rights Offering'). The Rights
Offering was originally scheduled to expire on August 15, 2011 and the
Company is extending the period by two weeks in order to ensure that

CALGARY, July 19, 2011 /CNW/ --
CUSIP# 678046 10 3

NYSE Amex: BQI

CALGARY, July 19, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company'), announced today changes to
the rights offering announced in a Free Writing Prospectus filed with
the SEC on July 18, 2011 (the 'Rights Offering').

As previously disclosed, holders of Oilsands Quest Sask Inc.
exchangeable shares (the

CALGARY, July 18, 2011 /CNW/ --
CALGARY, July 18, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company'), announced today that the
company is launching a rights offering in which all holders of common
stock on July 28, 2011 (the 'Record Date') may participate on an equal,
proportional basis in purchasing additional common shares. Each holder
of Oilsands Quest's common stock

CALGARY, July 15, 2011 /CNW/ --
CALGARY, July 15, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex:BQI)
('OQI' or 'the Company').

Oilsands Quest is pleased to announce that it has received approval from
the Government of Saskatchewan to convert portions of the Axe Lake
permits to 15-year leases. These leases, the first oil sands leases in
Saskatchewan, are one of the key elements the Company needs in place to

CALGARY, July 6, 2011 /CNW/ --
Please note that to participate in this morning's webcast, investors
should visit the following link:
http://w.on24.com/r.htm?e=332509&s=1&k=977E28B2DD9C39F189E4D534284B7174

NYSE Amex: BQI

CALGARY, July 6, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company') has assessed the results of
the formal strategic alternatives process launched on

CALGARY, July 6, 2011 /CNW/ --
NYSE Amex: BQI

CALGARY, July 6, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI)
('Oilsands Quest,' 'OQI' or 'the Company') has assessed the results of
the formal strategic alternatives process launched on August 17, 2010,
which explored options to enhance shareholder value. After opening a
data room and holding discussions with several entities in recent
months, Oilsands Quest

CALGARY, July 6, 2011 /CNW/ --
NYSE Amex: BQI

CALGARY, July 6, 2011 /CNW/ - Oilsands Quest Inc. (NYSE Amex:BQI)
('Oilsands Quest', 'OQI' or 'the Company') announces that its Form 10-K
Annual Report for the year ended April 30, 2011, (the '2011 10-K') was
filed with the United States Securities and Exchange Commission on July
6, 2011, and is available online at www.sec.gov and www.sedar.com.

Management's

CALGARY, May 31 /CNW/ -- NYSE Amex: BQI

CALGARY, May 31 /CNW/ - Oilsands Quest Inc. (NYSE AMEX:BQI) ('OQI' or 'the Company') has received approval to extend the two Saskatchewan Oil Shale Permits that include the Axe Lake Discovery, PS00208 and PS00210, until May 31, 2012.

As part of its development plans, Oilsands Quest is seeking to have the Axe Lake permits converted to a 15-year lease. The permits are currently held under the Oil Shale Regulations, 1964. Oilsands Quest has requested that the Saskatchewan Minister of Energy and Resources convert permits PS00208 and PS00210 to licenses under the terms of the Petroleum and Natural Gas Regulations, 1969. Following the conversion of the permits to licenses, the Company would request that the area comprising the Axe Lake Discovery then be converted to a lease. The outcome of these discussions is not certain.

Consistent with the Company's previously disclosed plans, OQI has also relinquished the balance of its permits in Saskatchewan to the Crown. The Company does not view the lands to the south of the Axe Lake area as prospective, either due to the presence of interbedded water in the reservoirs that would not allow for commercial development or lack of bitumen in the southern portion of the Saskatchewan lands. Relinquishing these lands has no impact on the Company's current resource estimates or development plans.

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    About Oilsands Quest
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Oilsands Quest Inc. (www.oilsandsquest.com) is exploring and developing oil sands permits and licences, located in Saskatchewan and Alberta, and developing Saskatchewan's first commercial oil sands discovery. It is leading the establishment of the province of Saskatchewan's emerging oil sands industry.

CALGARY, May 17 /CNW/ -- 
    <<
    CUSIP No. 678046 10 3
    NYSE Amex: BQI
    >>

CALGARY, May 17 /CNW/ - Oilsands Quest Inc. (NYSE Amex: BQI) ('Oilsands Quest,' 'OQI' or 'the Company') today released new independent resource estimates for its Wallace Creek property, which support the Company's view that Wallace Creek has the potential to support a 30,000 barrel-per-day commercial oil sands project. The estimates were prepared by McDaniel & Associates Consultants