2009-08-04-2009-07-01-2009-07-01

Purchased exploration licenses for 12,800 net acres in Devonian Horn River shale in BC.

Questerre Energy Corp., Calgary, (Toronto: QEC; Oslo: QEC) has acquired exploration licenses covering more than 17,900 gross acres (12,800 net) prospective for the Devonian Horn River shales from an undisclosed seller for an undisclosed price. The acreage is on trend with recent and planned shale wells by several majors in the Horn River Basin in northeastern British Columbia. It also lies adjacent to several deeper Keg River and Slave Point discoveries in the area as well as the company's acreage in the Greater Sierra region.