Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company")
(TSX,OSE: QEC) reported that the Quebec Ministry of Economy, Innovation and
Energy (the "Ministry") tabled in the Quebec National Assembly Bill 69, An Act
to ensure the responsible governance of energy resources and to amend various
legislative provisions ("Bill 69"). A copy of the legislation is available
online:
https://www.assnat.qc.ca/en/travaux-parlementaires/projets-loi/projet-loi-69-43-
1.html.

As reported by the Ministry, the centerpiece of the proposed legislation is an
integrated energy resource management plan to promote energy development in
Quebec. Among other things, it will establish for electric power and natural gas
markets, policy directions, objectives and targets regarding supply, energy
infrastructure and innovation. 

Michael Binnion, President and Chief Executive Officer of Questerre, commented,
"Bill 69 proposes broad changes to the regulatory framework to better manage the
energy supply and demand imbalance in Quebec. Proposals to streamline approval
processes are very welcome. It has become clear that premature aggressive
electrification is increasing energy costs for Quebecers and efforts to
rebalance electricity and natural gas markets are needed. Questerre is advancing
an application for carbon capture and storage that will mitigate the emissions
from natural gas consumption."

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 proposals to streamline approval processes, the impact of premature
aggressive electrification on energy costs in Quebec and the need to rebalance
electricity and natural gas markets. 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: 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, 2023,
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.