QVC Qustream Corporation

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


QuStream Corporation ("QuStream" or the "Company") (TSX VENTURE:QVC) announces
that the Company has closed the previously announced non-brokered private
placement financing of 7,952,083 common shares at $0.05 per share for gross
proceeds of $397,604. The proceeds will be used by QuStream for general working
capital purposes. The common shares issued under the private placement are
subject to a four month hold period until September 15, 2010.


The TSX Venture Exchange has conditionally accepted the private placement. Final
acceptance is subject to the Company meeting all conditions of the TSX Venture
Exchange.


Howard Sutton, Executive Chairman of QuStream, acquired 2,500,000 common shares
under the private placement. Following the closing of the private placement, Mr.
Sutton owns, or exercises control or direction over, 7,676,290 common shares of
the Company, representing approximately 24.3% of the issued and outstanding
common shares. The common shares were acquired for investment purposes. Mr.
Sutton may increase or decrease his position in QuStream in the future as he
considers appropriate in light of investment criteria, market conditions and
other factors and in accordance with applicable securities legislation. An early
warning report with additional information in respect of this acquisition will
be filed on SEDAR at www.sedar.com and can be obtained from Mr. Sutton c/o
QuStream at 416-385-2323 ext. 200.


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, receipt of
regulatory approvals, 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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