Mr. Michael Binnion reports

QUESTERRE REPORTS ON AGM VOTING RESULTS

At Questerre Energy Corp.'s annual meeting of shareholders held on June 20, 2023, all matters presented for approval at the meeting were approved.

At the meeting, a vote was held by ballot, which approved an ordinary resolution to fix the number of directors to be elected at the meeting at five. In addition, each of the five nominees proposed in the company's management information circular dated May 15, 2023, was elected as a director to hold office until the next annual meeting of shareholders or until a successor is duly elected or appointed, unless the office is earlier vacated in accordance with the bylaws of the company. The detailed results of the vote conducted by ballot are set out herein.

          VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominees                     Votes for        Votes withheld  

Michael Binnion        103,256,556 (99.83%)   177,641 (0.17%)
Mireille Fontaine      103,138,756 (99.71%)   295,441 (0.29%) 
Hans Jacob Holden      103,260,656 (99.83%)   173,541 (0.17%) 
Dennis Sykora          103,256,542 (99.83%)   177,655 (0.17%) 
Bjorn Inge Tonnessen   103,260,670 (99.83%)   173,527 (0.17%) 

By vote held by ballot, the ordinary resolution to approve the appointment of Ernst & Young LLP, chartered professional accountants, as the auditor of the company to hold office until the next annual meeting of shareholders or until a successor is appointed and to authorize the directors of the company to fix its remuneration, was approved.

By vote held by ballot, the ordinary resolution to approve the unallocated options under the corporation's stock option plan as set forth in the circular, was approved.

Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low-permeability reservoirs to acquire significant high-quality resources. It believes it can transition its energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, it can sustain both human progress and its natural environment.

Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment and society. It is committed to being transparent and is respectful that the public must be part of making the important choices for its energy future.