QUEST MINERALS+MNG NEW - Next Generation

Quest also announced that it continues to move forward with its plans to re-open the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch. Samples indicate that the Lower Cedar Grove seam will produce metallurgical blend coal, and Quest's market research indicates that there is high demand for this type and quality of coal.

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.

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Das wichtige aus den News:

Preiserhöhung für Kohle erzielt bzw. ausgehandelt.
Aus Wettbewerbsgründen wird der Preis für die Kohle nicht bekannt gegeben.
Kosten für Transport gesenkt.
Produktion durch neuen Miner erheblich erhöht.

stay coal... ;-)

wen es interessiert, bei der SEC sind von Quest verschiedene Unterlagen eingereicht worden, vgl.

www.sec.gov/Archives/edgar/data/1130126/...19056-07-001197.txt

auszugsweise nur soviel:

"                        QUEST MINERALS AND MINING CORP.

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                              SEPTEMBER 30, 2007

NOTE 3 - GOING CONCERN

        The accompanying financial statements have been prepared on a going
        concern basis, which contemplates the realization of assets and the
        satisfaction of liabilities in the normal course of business. The
        Company incurred net operating losses of $5,530,115 and $4,434,984 for
        the years ended December 31, 2006 and 2005 and had a working capital
        deficit of $8,008,768 at December 31, 2006. For the nine months ended
        September 30, 2007 the, Company had a net operating loss of $4,554,631.
        The working capital deficit as of September 30, 2007 was $7,644,802.
        These factors indicate that the Company's continuation as a going
        concern is dependent upon its ability to obtain adequate financing.

        The Company will require substantial additional funds to finance its
        business activities on an ongoing basis and will have a continuing
        long-term need to obtain additional financing. The Company's future
        capital requirements will depend on numerous factors including, but not
        limited to, continued progress developing additional mines and
        increasing mine production. Currently, the Company is in the process of
        seeking additional funding to achieve its operational goals."