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May 1, 2009 - Questerre adopts Shareholder Rights Plan

Calgary, Alberta -- Questerre Energy Corporation
("Questerre" or the "Corporation") (TSX,OSE:QEC)
announces that it has adopted a Shareholder Rights
Plan (the "Rights Plan") effective immediately. The
Rights Plan must be ratified by shareholders at
Questerre's 2009 annual meeting, which is scheduled
for June 9, 2009, failing which it will cease to have
effect. Upon ratification by Questerre shareholders,
the Rights Plan will continue in effect for an
initial term of three years and is subject to
reconfirmation by shareholders at the third annual
meeting held after each confirmation.

The Rights Plan is designed both to encourage the
fair and equal treatment of Questerre's shareholders
in connection with any potential take-over bid and to
ensure that Questerre's shareholders and its Board of
Directors, in compliance with corporate and
securities laws, have sufficient time to consider
whether there are other options that would more
effectively maximize shareholder value. The Rights
Plan is not intended to deter take-over proposals.
The terms of the Rights Plan are similar to those in
rights plans recently approved by shareholders of
other Canadian corporations. Questerre is not aware
of any specific take-over bid for the Corporation in
process or currently being contemplated.

The rights issued to shareholders under the Rights
Plan become exercisable when a person, together with
any parties related to it, acquires or announces its
intention to acquire, 20% or more of the
Corporation's outstanding common shares without
complying with the "Permitted Bid" provisions of the
Rights Plan or without approval of Questerre's Board
of Directors. Should such an acquisition occur each
right would entitle a holder, other than the
acquiring person or persons related to it, to
purchase common shares of Questerre at a significant
discount to the then current market price.
A "Permitted Bid" is a bid made to all Questerre
shareholders that is open for at least 60 days. If at
the end of the 60 day period more than 50% of
Questerre's then outstanding common shares, other
than those common shares owned by the party making
the bid and certain related persons, have been
tendered to the bid, such party may take up and pay
for the common shares but must extend the bid for a
further 10 business days to allow other shareholders
to tender.

The rights issued under the Rights Plan will
initially attach to and trade with Questerre's common
shares and no separate certificates will be issued
unless an event triggering these rights occurs. A
copy of the Rights Plan will be filed on SEDAR at
www.sedar.com.

Questerre is a Calgary-based independent resource
company actively engaged in the exploration,
development and acquisition of high-impact
exploration and development oil and gas projects in
Canada.

For further information, please contact:

Questerre Energy Corporation
Anela Dido, Investor Relations
(403) 777-1185 | (403) 777-1578 (FAX) |Email:
info@questerre.com