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Quest Minerals & Mining Nears Completion of Rehabilitation

Posted on: Thursday, 5 July 2007, 06:22 CDT

Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that it is nearing completion of the rehabilitation of its Pond Creek Mine at Slater's Branch. Completion of the rehabilitation would allow Quest to significantly increase its coal production.

Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we are close to completing rehabilitation of the Pond Creek Mine. Barring any unforeseen delays, we believe that the rehabilitation will be completed by the end of July. Once we complete the rehabilitation, we expect that our production of raw tonnage should exceed 10,000 raw tons per month. Our goal remains to continue to increase our production until we reach an average of 20,000 tons per month from the Pond Creek seam. We continue to achieve premium pricing for our coal, above spot market prices, due to its quality in terms of BTUs, inherent ash, and sulfur content, and we expect that we will be able to continue to achieve strong pricing as production continues.

"In addition to getting Pond Creek to this production level, we are continuing to seek to reopen the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch," said Chiaramonte. Quest and its contract miner, General Mining, are in the process of seeking all required permits and approval to reopen the Lower Cedar Grove mine.

About Quest Minerals & Mining

Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.

Forward-Looking Statements

This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.

Source: Business Wire

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