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Questerre Energy Corporation is an innovative exploration and production company focusing on high-impact projects in frontier Canada.

The Company participated in a recent discovery of a potential giant shale gas field in the Lowlands, Quebec with its partners Forest Oil & Talisman Energy. Questerre is also developing a portfolio of assets including resource style plays such as the Bakken/Torquay light oil play in Antler, Saskatchewan and the Jean Marie gas play in Greater Sierra, British Columbia. The Company’s other conventional E&P assets in Southern and Central Alberta were largely responsible for production of 1,200 boe/d and cash flow of $15 million for the nine months ended September 30, 2008.

Questerre is well positioned financially with a strong balance sheet, no debt and existing cash flow. This will adequately finance projected capital spending for the next 12-18 months and allow it to capitalize on current market opportunities.

The Company’s common shares trade on the TSX and Oslo Stock Exchange under the symbol QEC.