Calgary, Alberta - Questerre Energy Corporation 
("Questerre" or the "Company") (TSX,OSE:QEC) 
announced that Netherland, Sewell & Associates, Inc., 
("NSAI") an independent reservoir engineering firm 
based in Texas, has estimated the prospective 
original gas in place for the Utica shale in the deep 
fairway in the St. Lawrence Lowlands at 150 Bcf per 
square mile, which is 66% higher than earlier 
industry figures. NSAI has further estimated 
Questerre's prospective recoverable resources to 
range between 2.2 Tcf - 8.0 Tcf with a best estimate 
of 4.28 Tcf, equivalent to 360-1,300 million barrels 
of oil equivalent.

Michael Binnion, President and Chief Executive 
Officer of Questerre, commented, "We are very pleased 
the report confirms the significance of our discovery 
in Quebec. This is the first time we have released 
estimates of our Utica gas discovery."

Mr. Binnion further added, "We took time to ensure 
there is significant and material technical data to 
support them and we have had them independently 
verified by a highly reputable engineering firm. The 
estimates relate only to our lands that have geology 
validated by successful wells. The independent 
estimates are materially higher than past industry 
figures which we believe reflects the additional 
data, technical work and advancement on the learning 
curve."

The Company commissioned NSAI to complete an 
evaluation of the resource potential of the Utica 
shale. Utilizing their extensive expertise evaluating 
other established and emerging shale plays, the 
evaluation includes detailed petrophysical and 
geologic analysis including a review of the available 
core and lab analysis data.  Preliminary results have 
been prepared in accordance with the regulations 
pursuant to National Instrument 51-101, Standards for 
Disclosure for Oil and Gas Activities of the Canadian 
Securities Administrators.

The evaluation is focused on the acreage between the 
two main geological features, the Yamaska growth 
fault and Logan's Line, where Questerre holds 
approximately 833,000 gross acres in the deep 
fairway. Preliminary results include:

·       Prospective Original Gas in Place ("OGIP") 
volumes for the Utica shale range between 96 Bcf - 
210 Bcf per square mile with a best estimate of 150 
Bcf per square mile.
·       Total prospective OGIP volumes for 
Questerre's gross acreage are between a low estimate 
of 82.7 Tcf to a high estimate of 180.5 Tcf with a 
best estimate of 129.2 Tcf
·       Prospective resources estimated to be 
recoverable for Questerre's interest range from 2.18 
Tcf to 8.0 Tcf with a best estimate of 4.28 Tcf.

The assessment is being updated to include results 
from the recently completed St. Edouard #1 well that 
tested at rates of 700 mcf/d from the target middle 
Utica interval. A final report is expected this fall. 
The estimates do not include the gross overriding 
royalty held by Questerre nor an assessment of the 
shallower Lorraine interval.

This news release contains certain statements which 
constitute forward-looking statements or information 
("forward-looking statements"), including the 
commencement of the horizontal well program and the 
estimates of prospective volumes of natural gas, 
prospective resources and recovery factors. Although 
the Company believes that the expectations reflected 
in our forward-looking statements are reasonable, our 
forward-looking statements have been based on factors 
and assumptions concerning future events which may 
prove to be inaccurate. Those factors and assumptions 
are based upon currently available information 
available to the Company.  Such statements are 
subject to known and unknown risks, uncertainties and 
other factors that could influence actual results or 
events and cause actual results or events to differ 
materially from those stated, anticipated or implied 
in the forward looking statements.  As such, readers 
are cautioned not to place undue reliance on the 
forward looking statements, as no assurance can be 
provided as to future results, levels of activity or 
achievements. The risks, uncertainties, material 
assumptions and other factors that could affect 
actual results are discussed in our Annual 
Information Form and other documents available at 
www.sedar.com.  Furthermore, the forward-looking 
statements contained in this document are made as of 
the date of this document and, except as required by 
applicable law, the Company does not undertake any 
obligation to publicly update or to revise any of the 
included forward-looking statements, whether as a 
result of new information, future events or 
otherwise. The forward-looking statements contained 
in this document are expressly qualified by this 
cautionary statement.

OGIP is not a defined term within National Instrument 
51-101 and is considered equivalent to Petroleum 
Initially In Place ("PIIP").

This news release does not constitute an offer of 
securities for sale in the United States.  These 
securities may not be offered or sold in the United 
States absent registration or an available exemption 
from registration under the United States Securities 
Act of 1933, as amended.

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