July 18, 2022 - Questerre reports on Bill 21

Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
(TSX,OSE:QEC) reported that the Government of Quebec intends to bring into
effect Bill 21, An Act mainly to end petroleum exploration and production and
the public financing of those activities on August 23, 2022. The Company also
reported that the Attorney General of Quebec is seeking a motion to dismiss the
Company's claims for the related revocation of its licenses in the province.

Michael Binnion, President & Chief Executive Officer of Questerre, commented,
"By enacting Bill 21, the Government chooses, once again, to ignore the
realities of the current energy crisis and how to genuinely reduce GHG
emissions. This ill-conceived legislation only serves to increase GHG emissions
in Quebec and elsewhere. As our European allies and partners around the world
urgently seek reliable natural gas, Quebec is squandering the opportunity to
become a trusted supplier and a proactive participant in reducing our dependence
on autocratic suppliers of energy."

He added, "The Attorney General of Quebec's decision to seek a dismissal of our
legal claims without due process has only strengthened our resolve to fight this
blatant injustice. We are objecting to this dismissal and the revocation of our
licenses under this legislation. We will vigorously defend our legal rights and
seek fair and just compensation for breaching our license agreements. Quebec is
a democratic state and it must act in good faith with respect to our agreements.
Expropriating honest corporations assets without due process and fair
compensation does not respect the rule of law that democracy depends on. We are
also working with our partners, including First Nations, to ensure their legal
rights are protected."

The Government has announced that Bill 21 will come into force on August 23,
2022. This follows royal assent on April 13, 2022 and the approval of the
elected representatives of the National Assembly. A copy of the announcement in
the official gazette is available online at :
http://www2.publicationsduquebec.gouv.qc.ca/dynamicSearch/telecharge.php?type=1&
file=105873.pdf.

The Company also reported that the Attorney General of Quebec has requested the
Superior Court order the special case management of all outstanding litigation
related to Bill 21. If granted, this demand would result in all Bill 21 related
litigation being regrouped and dealt with by one single judge. The Company,
through its legal counsel, will submit its official response to this request in
due course. The Attorney General also intends to ask for all pending litigation
to be dismissed. The pending litigation includes the judicial review application
and the claim for expropriation filed by Questerre in 2018 and 2022
respectively.

Questerre is an energy technology and innovation company. It is leveraging its
expertise gained through early exposure to low permeability reservoirs to
acquire significant high-quality resources. We believe we can successfully
transition our energy portfolio. With new clean technologies and innovation to
responsibly produce and use energy, we can sustain both human progress and our
natural environment. 

Questerre is a believer that the future success of the oil and gas industry
depends on a balance of economics, environment, and society. We are committed to
being transparent and are respectful that the public must be part of making the
important choices for our energy future.
For further information, please contact:

Questerre Energy Corporation
Jason D'Silva, Chief Financial Officer
(403) 777-1185 | (403) 777-1578 (FAX) |Email: info@questerre.com

Advisory Regarding Forward-Looking Statements

This news release contains certain statements which constitute forward-looking
statements or information ("forward-looking statements") including the Company's
views on the impacts of Bill 21, its plans to defend its legal rights and seek
fair and just compensation for the breach of its license agreements.

Forward-looking statements are based on several material factors, expectations
or assumptions of Questerre which have been used to develop such statements and
information, but which may prove to be incorrect. Although Questerre believes
that the expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because Questerre can
give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Further, events or circumstances may
cause actual results to differ materially from those predicted as a result of
numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, including, without limitation: the
implementation of Bill 21 by the Government of Quebec and certain other risks
detailed from time-to-time in Questerre's public disclosure documents.
Additional information regarding some of these risks, expectations or
assumptions and other factors may be found under in the Company's Annual
Information Form for the year ended December 31, 2021, and other documents
available on the Company's profile at www.sedar.com. The reader is cautioned not
to place undue reliance on these forward-looking statements. The forward-looking
statements contained in this news release are made as of the date hereof and
Questerre undertakes no obligations to update publicly or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.