Mr. Jason D'Silva reports

QUESTERRE ENERGY CORPORATION ISSUES CLARIFICATION TO PRESS RELEASE FROM APRIL 24, 2026

Questerre Energy Corp. is providing a clarification to its previously disclosed estimated production following the disposition of its Kakwa Central assets.

The company's original press release issued earlier today reported estimated production of approximately 4,500 barrels of oil equivalent per day after the disposition. This figure was not based on production volumes, but rather on first quarter 2026 sales volumes of approximately 5,300 boe per day, adjusted for the disposition and forecast declines.

First quarter 2026 production is estimated at approximately 6,400 boe per day, which includes volumes under long-term minimum sales contracts. This compares with sales volumes of approximately 5,300 boe per day during the same period. The variance reflects unlifted volumes during the period under these long-term contracts.

Amounts not lifted during the period were invoiced in accordance with these contracts and are recognized as deferred revenue. Such amounts will be settled in the future.

The company's revised production estimate following the disposition, including minimum sales commitments, is approximately 5,700 boe per day.

Except as noted above, all other information in the original press release remains unchanged.

Jason D'Silva, chief financial officer of Questerre, commented: "We are clarifying our initial disclosure to reflect production volumes. Our estimated corporate production following the disposition of our Kakwa Central assets is approximately 5,700 boe per day."

Questerre is an energy technology and innovation company focused on responsibly developing oil and gas resources. The company holds a significant natural gas discovery in the Quebec Utica shale, widely recognized as one of the most important undeveloped natural gas resources in Eastern Canada. The company believes society can transition its energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, society can sustain both human progress and the natural environment.

Questerre is a believer that the future success of the energy 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.

We seek Safe Harbor.