Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC)
announced today that, at the special meeting of shareholders held on January 15,
2026 (the "Meeting"), the corporate reorganization to implement the spin out of
the Company's Quebec assets was approved.

By vote held by ballot, the special resolution to approve the Articles of
Amendment to the Company's current articles as set forth in the Management
Information Circular dated December 12, 2025, (the "Circular") and announced on
December 18, 2025, to give effect to the reorganization, was approved. 

Pursuant to the reorganization, the Company's existing Class A Common Shares
(the "Common Shares") were exchanged for a new class of Class A Common Shares
(the "New Common Shares") and Series 2 Preferred Shares and the original Common
Shares have been cancelled. The New Common Shares will trade on the Toronto
Stock Exchange and the Oslo Stock Exchange under the same CUSIP and ISIN number
as the original Common Shares. The Series 2 Preferred Shares have been assigned
the new CUSIP number 74836K308 and ISIN number CA74836K3082. The Series 2
Preferred Shares will track the economic performance and value of the Company's
Quebec assets and the new Common Shares will represent ownership of all the
Company's remaining assets. The Company is assessing options to have the Series
2 Preferred Shares listed for trading.

Subject to regulatory approval, the Company will announce separately the
Distribution Record Date and the Effective Date. The Distribution Record Date
determines the date on which shareholders of the Company will be entitled to
participate in the reorganization and the Effective Date is the date on which
the Articles of Amendment will be filed.

At the Meeting, a vote was held by ballot which approved an ordinary resolution
to fix the number of directors to be elected at the Meeting at seven. After the
mailing of the Circular, the Company received written notice from Messrs. Reis
and Steers withdrawing their nomination as directors of the Company. As such,
each of the remaining nominees proposed in Circular were elected as directors to
hold office until the next annual meeting of shareholders or until their
successors are duly elected or appointed, unless their office is earlier vacated
in accordance with the by-laws of the Company. Following the Meeting, the
Directors of the Company are Ms. Kitto, Messrs. Binnion, Holden, Sykora and
Tonnessen. The Company would like to thank Ms. Fontaine for her service to the
Company and wish her the best of luck with her future endeavors.

The detailed results of the vote conducted by ballot are set out below:

	Nominees		   Votes For	              Votes Withheld
	Michael Binnion		  65,981,039	99.84%	    108,403	0.16%
	Hans Jacob Holden         65,985,039	99.84%	    104,403	0.16%
	Jauvonne Kitto		  65,985,039	99.84%	    104,403	0.16%
	Dennis Sykora		  65,985,039	99.84%	    104,403	0.16%
	Bjorn Inge Tonnessen	  65,070,854	98.46%	  1,018,588	1.54%
					
Upon the filing of the Articles of Amendment, the number of shares issuable upon
exercise of issued and outstanding stock options will be adjusted to reflect New
Common Shares and Series 2 Preferred Shares on the same terms as the exchange of
original Common Shares under the reorganization. In addition, it is expected
that the Company will establish a Series 2 Preferred Share Option Plan.

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") within the meaning of applicable securities laws
in Canada. Any statements about Questerre's expectations, beliefs, plans, goals,
targets, predictions, forecasts, objectives, assumptions, information and
statements about possible future events, conditions and results of operations or
performance are not historical facts and may be forward-looking. Forward-looking
information is often, but not always, made through the use of words or phrases
such as "anticipates", "aims", "strives", "seeks", "believes", "can", "could",
"may", "predicts", "potential", "should", "will", "estimates", "plans",
"mileposts", "projects", "continuing", "ongoing", "expects", "intends" and
similar words or phrases suggesting future outcomes. Forward-looking information
in this news release includes but is not limited to the Distribution Record Date
and Effective Date of filing of the Articles of Amendment and issuance of the
Series 2 Preferred Shares, stock option adjustments and approval of a Series 2
Preferred Option Plan. 

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. Current
conditions, economic and otherwise, render assumptions, although reasonable when
made, subject to greater uncertainty. Undue reliance should not be placed on
forward-looking information as actual results may differ materially from those
expressed or implied by forward-looking information. 

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 following risk factors: additional funding requirements