Anela Dido

1650, 801 Sixth Avenue SW

Calgary, Alberta

Canada T2P 3W2

Tel: [403] 777-1185

Fax: [403] 777-1578

Email: info@questerre.com

Calgary, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX, OSE:QEC) is pleased to announce that Talisman Energy Canada (“Talisman”) has elected to exercise its option to drill a test well on the Company’s acreage in the St. Lawrence Lowlands in Quebec.

The election follows the processing and interpretation of the 2-D seismic data acquired by Talisman over this land last winter. Talisman has the right to drill up to four wells to earn a majority interest in over 700,000 acres of land held by Questerre in the St. Lawrence Lowlands.

The well, known as the “Talisman Gentilly #1” well, is expected to spud early this winter subject to regulatory approval, equipment availability, surface access and weather. Subject to Questerre’s review of the seismic data, Questerre and its minority partners may elect to participate in the costs of the well. Questerre and its partners will also receive a carried working interest and a gross overriding royalty on production from Talisman.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Talisman’s commitment validates our work in Quebec over the last five years. I look forward to the commencement of drilling operations early this winter.”

Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company’s plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

For further information, please contact: 

Questerre Energy Corporation

Jason D’Silva, VP Finance

Tel: (403) 777-1185

Fax: (403) 777-1578

Email: info@questerre.com

Web: www.questerre.com