Quebec Premier clarifies Government has balanced position on natural gas

10/9/2012 8:51 PM EST

Calgary, Alberta -- Questerre Energy Corporation 
("Questerre" or the "Company") (TSX,OSE:QEC) reported 
today on recent comments by the Premier of Quebec and 
the Minister of Natural Resources on the development 
of local oil and gas resources.

Michael Binnion, President and Chief Executive Officer 
of Questerre, noted, "We were encouraged by the 
Premier's unequivocal statement that she makes the 
final decision and her Government will respect the 
ongoing strategic environmental assessment of oil and 
gas development.  We are hopeful that her endorsement 
of this BAPE mandated process means the integrity of 
this study and any future studies remains intact."

He added, "We were also pleased to learn that, with an 
environmental review, the Minister of Natural 
Resources supports the development of crude oil, 
including shale oil using modern completion 
techniques. The multi-stage fracturing techniques that 
are unlocking shale oil resources across North America 
were pioneered for natural gas. Regardless of the 
product, they have been proven over decades and are 
well established as being safe and effective. With 
efficient regulation, it had positioned Western 
Canadians as world leaders in onshore natural gas 
development. Questerre routinely uses multi-stage 
fracturing in Alberta and British Columbia. We are 
excited about the possibility of transferring this 
technology to Quebec to increase taxes, increase jobs 
and reduce emissions."

The comments by the Minister of Natural Resources are 
available online at:
http://tvanouvelles.ca/lcn/infos/national/archives/201
2/10/20121006-092306.html

The recent interview with the Premier of Quebec is 
available online at: 
http://fr.canoe.ca/infos/quebeccanada/politiqueprovinc
iale/archives/2012/10/20121005-215650.html

Questerre Energy Corporation is an independent energy 
company focused on non-conventional oil and gas 
resources. The Company is currently developing a 
portfolio of oil shale assets in North America. It is 
also securing a social license to commercialize its 
Utica natural gas discovery in Quebec. The Company is 
underpinned by light oil assets and a strong balance 
sheet.  Questerre is committed to the economic 
development of its resources in an environmentally 
conscious and socially responsible manner.

For further information, please contact:

Questerre Energy Corporation
Anela Dido, Investor Relations
(403) 777-1185 | (403) 777-1578 (FAX) |Email: 
 

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States absent registration or an available exemption 
from registration under the United States Securities 
Act of 1933, as amended.