Questerre Energy Corporation

November 21, 2013 – Questerre announces private placement fully subscribed

Calgary, Alberta – Questerre Energy Corporation (“Questerre” or the “Company”) (TSX, OSE:QEC) is pleased to announce that its previously reported equity issue has been fully subscribed.

The offering will consist of the issuance of 23,494,753 Common Shares of the Company at an issue price of NOK 7.40 or C$1.28 per Common Share for estimated gross proceeds of NOK 174 million or $30 million.

Michael Binnion, President and Chief Executive Officer, commented, “This financing allows us to accelerate our activity in 2014. We expect to double our Kakwa activity to ensure we are ready for the Pembina plant expansion. The placement also addresses the risks around financing our aggressive development plan for this area.”

FOund on SEDAR