More money invested in the Utica...CALGARY, ALBERTA, Mar 1,...

More money invested in the Utica...
CALGARY, ALBERTA, Mar 1, 2010

Questerre Energy Corporation is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional and accredited investors. The placement will consist of the issuance of between 20 million and 30 million Common Shares of the Company. The placement will be priced in the context of the market and will be carried out through a book building process that will close no later than 08:30 (CET) on March 2, 2010 or earlier at the Company's discretion. The minimum subscription and allocation is shares with an aggregate purchase price equivalent to EUR 110,000. The result of the placement will be announced prior to start of stock exchange trading on Oslo Bors on March 2, 2010. The placement is subject to receipt of all requisite approvals.

The Company proposes to use the net proceeds from this placement to fund the continued assessment of the Utica shale gas discovery in the St. Lawrence Lowlands, Quebec