January 26, 2024 - Québec Superior Court suspends provisions of Bill 21

Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
(TSX,OSE:QEC) reported today on the ruling by the Québec Superior Court (Civil
Division) on the Company's application to stay certain provisions of the Act
ending exploration for petroleum and underground reservoirs and production of
petroleum and brine (the "Act"), for the duration of the judicial proceedings. 

Michael Binnion, President, and Chief Executive Officer of Questerre, commented,
"This exceptional ruling in our favor preserves our legal rights as we continue
to work for a political and business solution to the situation in Québec. We
remain hopeful for a solution that will materially reduce Canadian greenhouse
gas emissions while improving energy security."

In the ruling issued yesterday, the Justice assessed the key criteria for a stay
and deemed that our application met these criteria. This included the existence
of a serious legal matter and the serious or irreparable harm if the request for
a stay is refused. 

The Attorney General argued that Civil Code of Québec and the Québec's Charter
of human rights and freedoms provisions, while protecting the right to property
of citizens and companies against unreasonable use of Government powers, do not
apply if the Government choses to use those same powers to override them. The
Justice noted that the circular nature of the Attorney General's argument gave
rise to a serious legal matter.

Mr. Binnion added, "The argument of the Attorney General is, in effect, that the
powers of the legislature are supreme even over laws intended to limit the
powers of the legislature. This would, in effect, nullify the provisions of the
Civil Code and Charter protecting citizens from abuse of Government powers. It
is a hallmark of constitutional democracies that the Government has limits on
its power and the disguised expropriation of our assets in Québec should be
compensated for."

Recognizing that this is an exceptional measure, the Justice also ruled that the
judgement be enforced even if the Attorney General files an appeal, also known
as 'provisional execution'. He noted that Questerre and the other plaintiffs run
the risk of serious and irreparable harm in the absence of this order for
provisional execution.

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 energy 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 ruling and the Attorney General's arguments on the power of the
legislature. 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, 2022, 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.