QuStream Corporation Provides Update on Private Placement Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


QuStream Corporation ("QuStream") (TSX VENTURE:QVC) wishes to provide an update
on its previously announced non-brokered private placement of common shares. The
private placement is continuing on the terms announced in the press release on
February 26, 2010.


Closing of the private placement is subject to receipt of all regulatory
approvals, including the approval of the TSX Venture Exchange. There can be no
assurance that the private placement will be completed as proposed or at all.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy common shares. The common shares have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. persons (as defined in Rule 902 of
Regulation S) unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.


Forward-Looking Statements

The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address QuStream's
expectations should be considered forward-looking statements. Such statements
are based on management's exercise of business judgment as well as assumptions
made by and information currently available to management. When used in this
document, the words "may", "will", "anticipate", "believe", "estimate",
"expect", "intend" and words of similar import, are intended to identify any
forward-looking statements. You should not place undue reliance on these
forward-looking statements. These statements reflect our current view of future
events and are subject to certain risks and uncertainties as contained in the
Company's filings with Canadian securities regulatory authorities, which in
relation to this press release include, but are not limited to, our ability to
arrange the proposed private placement financing in prevailing capital market
conditions, receipt of regulatory approvals, satisfaction of closing conditions,
and any other timing, development, operational, financial, economic, legal,
regulatory and/or political factors that may influence future events or
conditions. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, our actual results could differ
materially from those anticipated in these forward-looking statements. Although
we believe that our expectations are based on reasonable assumptions, we can
give no assurance that our expectations will materialize. We undertake no
obligation, and do not intend, other than as required by law, to update, revise
or otherwise publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof, or to reflect the
occurrence of any unanticipated events.

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