Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (OSE,TSX:QEC) announced today that the Fortierville No. 1 horizontal well spud earlier this month.

The Fortierville well is situated between St. Edouard No. 1A and Gentilly No. 2 and will test an unstructured area in the play fairway. Total measured depth for this well is programmed at 3439m with a 1000m horizontal leg into the middle Utica interval. Subject to final results, Questerre anticipates the completion will likely include an 8-stage fracture stimulation. Results are expected in the third quarter of 2010.

The operator and its partners also plan to complete the Gentilly No. 2 horizontal well. In addition to the target middle Utica interval, an analysis of the drilling logs indicates the horizontal leg has been partly drilled in the lower Utica interval. The completion program will include testing of both the middle and lower intervals within the Utica formation with a total of five stage fracs. Questerre anticipates results will provide important technical data about stimulation of these intervals. Completion operations are scheduled for the end of the second quarter.

Michael Binnion, President and Chief Executive Officer of Questerre, commented "We are pleased that field work has commenced after an early spring breakup. Operations are ongoing and we look forward to the results in the third quarter of this year."

The Company also reported that preliminary planning work has commenced for a 3-D seismic survey of the St. Edouard area to identify future pilot pad locations. The St. Edouard No. 1A horizontal well is currently on a long-term production test and continues to meet expectations. The Company and the operator are evaluating pipeline options to tie in the St. Edouard location to the local distribution system.

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.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

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.

For further information, please contact:
Anela Dido, Investor Relations, Questerre Energy Corporation
Tel: (403) 777-1185 | Fax: (403) 777-1578 | Email: [email protected]