Abstract: A quick-release apparatus having improved features is used with a hub and axle assembly for attaching a bicycle wheel to the frame of the bicycle. The assembly includes a hollow hub for mounting a bicycle wheel and a hollow axle extending through the hub and rotatably mounting the hub. The axle has a pair of opposite ends which extend from opposite ends of the hub and are interfitted with lower tips of a pair of fork tines of the bicycle frame. A first improved feature is a protuberance on the body of a cam lever assembly serving as a locator which positively aligns the cam lever to pivotally move the cam lever to the proper engaged position and prevents the cam lever from being used as a wrench to rotate the drawbar shaft. The second improved feature is an adjustable nut assembly which can be easily preset to have the correct number of compression washers to impose the desired level of tensioning force on the drawbar shaft when the cam lever arm is moved to its engaged position.