Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
(TSX,OSE:QEC) reported today on recent comments by the Prime Minister of Canada
on the potential for LNG exports from Eastern Canada to Europe. The comments
were made during the visit to Canada by the Chancellor of Germany from August 21
to August 23, 2022.

Michael Binnion, President, and Chief Executive Officer, commented, "We were
pleased to hear the Prime Minister express his unwavering commitment to
improving Europe's energy security. The current energy crisis in Germany and
Europe is expected to worsen this winter and it was encouraging to hear how
Canada wants to help. Just as Norway is increasing its natural gas production to
support Europe, Canada can too. We are a trusted partner and among the best in
the world at producing reliable energy to the highest standards in a lower
emissions world."

He added, "The Prime Minister also noted the business case for LNG exports from
Canada's East Coast may be hindered by distance from gas fields in Western
Canada. Questerre's project in Quebec addresses this concern. Our proven
discovery is less than ten kilometres from an LNG export project with permits at
Becancour and tidewater access to Europe. As the producer of the natural gas, we
can deliver to the export facility directly, eliminating the risks of securing
sufficient and reliable supply to meet long-term supply contracts. The business
case is established for our Company which previously made a final investment
decision supported by independent reports to proceed with the production of
natural gas."

Geographically, Quebec is ideally located to supply LNG to Germany. The port of
Quebec is half the distance to the port of Hamburg in Germany compared to the
LNG export terminal in Qatar and over 500 miles closer than the Cove Point LNG
facility in Maryland on the US East Coast.

He further added, "Over the longer term we share the Canadian Government's view
that hydrogen can be a big opportunity. With near zero-emissions Clean Gas, we
can also contribute to the shared goals of Canada and Germany in the fight
against climate change. By eliminating the emissions from production and
utilizing new carbon technology, we can use this Clean Gas to produce
zero-emissions hydrogen as well as ammonia for export. This is consistent with
new Hydrogen Pact signed by G7 countries earlier this year including Canada and
Germany." 

Questerre is seeking to have Bill 21, An Act mainly to end petroleum exploration
and production and the public financing of those activities, that unilaterally
terminates its license agreements in Quebec judged illegal and unconstitutional.
The Company is objecting to the revocation of its license agreements and is
seeking just compensation for the value of its license agreements including its
significant discovery.  

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 its project to provide LNG to Europe, its plans to have Bill 21 judged
illegal and unconstitutional, its plans to object to the revocation of its
license agreements and seek just compensation for the value of these 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.