QCC Quest Capital

    FOR:  QUEST CAPITAL CORP.

TSX SYMBOL:  QC
AMEX, AIM SYMBOL:  QCC

April 7, 2006

Quest Capital Corp. Announces $50,000,000 'Bought Deal' Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 7, 2006) - Quest Capital Corp.
(TSX:QC)(AMEX:QCC)(AIM:QCC) has entered into an agreement with a syndicate of underwriters led by GMP
Securities LP, which has agreed to purchase, on a bought-deal basis, 15,625,000 common shares of the
company at a purchase price of $3.20 per common share, for total gross proceeds of approximately $50-
million. The underwriters will also have an option, exercisable for a period of 30 days following the
closing date, to purchase up to an additional 2,343,750 shares to cover overallotments and for market-
stabilization purposes. The company intends to use the net proceeds for general corporate purposes.

The common shares to be issued under this offering will be offered by way of a short-form prospectus
in all of the provinces in Canada and in the United States on a private-placement basis pursuant to an
exemption from the registration requirements of the U.S. Securities Act of 1933, as amended.

The offering is scheduled to close on or about April 27, 2006, and is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals including the approval of the
Toronto Stock Exchange, the Alternative Investment Market (AIM) of the London Stock Exchange, the
American Stock Exchange and the securities regulatory authorities.

About Quest

Quest Capital Corp. is a merchant banking organization that focuses on providing financial services
primarily to companies in the mining, oil and gas, manufacturing and real estate industries. Quest
provides bridge and mortgage financing, and corporate finance and management services.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking statements
that involve various risks and uncertainty affecting the business of Quest. Actual results realized
may vary materially from the information provided in this release. As a result, there is no
representation by Quest that actual results realized in the future will be the same in whole or in
part as those presented herein.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Quest Capital Corp.
A. Murray Sinclair
Managing Director
(604) 689-1428 or Toll Free: (800) 318-3094

OR

Quest Capital Corp.
Mark Monaghan
Vice President
(416)-367-8383
www.questcapcorp.com

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Quest Capital Corp.



                                                                

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