QUATERRA RESOURCES INC. Vancouver, B.C. TSX.V : QTA, NYSE.A : QMM, is a junior exploration company focused on making significant mineral discoveries in North America.

The Company uses in-house expertise and its pipeline of consultants, prospectors and industry contacts to identify, acquire and evaluate prospects in mining-friendly jurisdictions with the potential to host large and/or high-grade base, precious metal or uranium deposits. Its preference is to maintain 100% interest in properties through initial evaluation.

The Company is actively exploring prospects in Nevada (copper), Arizona (uranium), Mexico (gold-silver) and Texas (molybdenum).

Quaterra Resources Inc. is is actively exploring highly prospective uranium, base and precious metals projects:

• Arizona Strip Uranium (uranium)
• MacArthur Copper, Nevada (copper)
• Yerington Copper Mine, Nevada
• Nieves Silver Project, Zacatecas, Mexico
• Mirasol Gold Project, Durango, Mexico
• Duke Island CU-Ni-PGE Project, Alaska (copper-nickel-PGE)
• Cave Peak Molybdenum Prospect, Texas
• Las Americas Gold Project, Durango, Mexico

Mineral exploration company focused on making significant discoveries in North America.

• Exploration efforts directed at highly prospective properties with potential to host large base metal, precious metal and uranium deposits
• One of the industry's most talented and successful exploration teams
• Emphasis on developing a pipeline of opportunities using in-house expertise, prospectors and an extensive network of industry contacts
• Focus on acquiring a 100% interest in properties through initial evaluation in mining friendly jurisdictions
• Metals markets remain strong because of declining inventories, long lead times for new production and quality-of-life demand for key resources in the developing world

NI43-101 compliant independent resource estimate for its 100%-owned MacArthur Copper Project in Lyon County, Nevada.

Initial measured and indicated oxide/chalcocite resource of 57.36 million tons averaging 0.239% total copper (TCu) contains 273.6 million pounds of copper. An inferred oxide/chalcocite resource of 75.8 million tons averaging 0.283% TCu contains 429.3 million pounds of copper. An inferred primary sulfide resource of 6.4 million tons averaging 0.539% TCu contains 68.9 million pounds of copper.

A summary of measured, indicated and inferred resources at various cutoff grades is shown in Table 1-1 at the end of this news release. The base case cutoff grade for the leachable (oxide/chalcocite) resources is 0.18% TCu. The base case cutoff grade for the primary sulfide resource is 0.30% TCu. Both of these values are representative of actual cutoff grades in use as of the date of this report.

Quaterra has commissioned Tetra Tech to prepare a Canadian National Instrument 43-101 (NI43-101) compliant Technical Report for the MacArthur Copper Project. Will be filed by Mid March 2009

A scarcity of new discoveries and long lead times to new production ensure that exploration success will be rewarded