Apr 19, 2007

PATERSON, N.J. -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, today announced that it has signed a non-binding letter of intent with Resource Development Company to develop a coal reserve business development opportunity in Southwestern Indiana.

Based on its drilling, coring, and testing programs, Resource Development estimates that the coal reserve contains approximately 60,000,000 recoverable saleable tons of coal. In addition, the testing indicates that the quality of the projected clean coal from this reserve is 11,750 BTU per pound, with 1.5% sulfur and 6.0% ash. The reserve is located within 25 miles of the Ohio River and is within 30 miles of three different coal-fired generation plants.

Under the terms of the letter of intent, Quest would retain Resource Development to acquire and develop the coal reserve on Quest's behalf. Resource Development has represented that it has extensive knowledge and documentation regarding the quality, quantity, mineability, logistics, and key contacts relating to the development of this coal reserve. Should Quest proceed with the transaction, with the assistance of Resource Development, Quest would seek to acquire the necessary leases and permit approvals and conduct the necessary preparatory and rehabilitation work in order to mine the coal reserve.

Eugene Chiaramonte, Jr., President of Quest, said, "With an estimate of 60,000,000 tons of recoverable, saleable coal, we believe that this project has tremendous potential. We have been seeking new energy opportunities to enhance stockholder value, and we believe that the Southwestern Indiana region holds great opportunity. We are excited about working with Resource Development Company to create real value with this prospect."

The transaction is subject to due diligence, negotiation of definitive agreements, regulatory approval of the transaction, and satisfaction of other customary conditions to closing. In addition, in order to complete the transaction and develop the coal reserve opportunity, Quest would need to obtain additional financing, which might not be available to Quest, when and if needed, on acceptable terms or at all.

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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