Calgary, Alberta -- Questerre Energy Corporation 
("Questerre" or the "Company") (TSX,OSE:QEC) is 
pleased to announce that it intends to complete a 
private placement directed towards Norwegian and 
international institutional and accredited investors. 

The placement will consist of the issuance of between 
20 million and 30 million Common Shares of the 
Company. The placement will be priced in the context 
of the market and will be carried out through a book 
building process that will close no later than 08:30 
(CET) on March 2, 2010 or earlier at the Company's 
discretion. The minimum subscription and allocation 
is shares with an aggregate purchase price equivalent 
to EUR 110,000. The result of the placement will be 
announced prior to start of stock exchange trading on 
Oslo Børs on March 2, 2010. The placement is subject 
to receipt of all requisite approvals. 

Pareto Securities AS, DnB NOR Markets and Arctic 
Securities ASA have been appointed as the Company's 
financial advisors in connection with this placement. 

The Company proposes to use the net proceeds from 
this placement to fund the continued assessment of 
the Utica shale gas discovery in the St. Lawrence 
Lowlands, Quebec.

Questerre Energy Corporation is an independent energy 
company focused on shale gas in North America.  The 
Company is concentrated on establishing commerciality 
of its Utica shale gas discovery in the St. Lawrence 
Lowlands, Quebec.

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

This news release contains certain statements which 
constitute forward-looking statements or information 
("forward-looking statements"). 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.

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. This news release does not 
constitute an offer to sell or the solicitation of an 
offer to buy securities in any jurisdiction in which 
such offer or solicitation would be unlawful