Mr. Bjorn Tonnessen reports

QUESTERRE ENTERS MEDIATION PROTOCOL IN QUEBEC PROCEEDINGS

Questerre Energy Corp. has signed a mediation protocol with the Attorney General of Quebec and the Quebec Ministry of the Economy, Innovation and Energy. Utica Resources Inc., Gaspe Energies Inc., Utica Resources Northeast Inc., Utica Resources Southwest Inc. and Utica Resources Joly Inc. (collectively, Utica), a separate plaintiff in the test cases, are also parties to the protocol.

The mediation relates to Quebec Superior Court files 200-17-028534-188, 200-17-033326-224 and 200-17-032721-219. The mediator will be selected by agreement of the parties. Sessions will be held in Quebec City.

Under the protocol, the parties will jointly apply to the court to have next steps in the court timetable in these files deferred by a minimum of 120 days from the date of signature. The mediation is voluntary and non-binding, and no party is obliged to reach an agreement.

The mediation process is confidential. The company will not comment further on the proceedings or the mediation while it continues, except as required by securities law.

Questerre is an energy technology and innovation company focused on responsibly developing oil and gas resources.

We seek Safe Harbor.