Questerre Energy Corporation ("Questerre" or the "Company") reported that
members of the Board of Directors and Management exercised 4,000,000 stock
options with an exercise price of $0.18 per Common Shares for net proceeds to
the Company of $0.72 million.  A total of 4,000,000 Common Shares were issued on
the exercise of the stock options. 
	Pre-Acquisition	Acquisition	Current Holdings
Directors			
Hans Holden	25,000 	250,000 	 275,000 
Dennis Sykora	443,750 	150,000 	 593,750 
Bjorn Tonnessen	 45,000 	400,000 	445,000 
			
Officers			
Michael Binnion	21,990,112 	1,900,000 	23,890,112 
Jason D'Silva	4,215,863 	1,300,000 	5,515,863 
 Total  	26,719,72 	4,000,000 	30,719,725 

With the approval of the Board of Directors with respect to an evaluation of
overall compensation, the Company has granted directors, officers and employees
a total of 7,300,000 options to acquire Common Shares at a price of C$0.27 per
Common Share on January 23, 2025. The exercise price is determined as the
closing price on TSX. The options will expire on January 21, 2031.
		 Current 	 Grant 	 Closing 
 Directors 				
 Bjorn Tonnessen	1,250,000 	400,000 	1,650,000 
 Dennis Sykora 		780,000 	250,000 	1,030,000 
 Hans J Holden 		780,000 	250,000 	1,030,000 
 Jauvonne Kitto 	400,000 	250,000 	650,000 
				
 Management 				
 Michael Binnion 	6,620,000 	1,900,000 	8,520,000 
 John Brodylo 		3,310,000 	350,000 	3,660,000 
 Jason D'Silva 		4,760,000 	1,300,000 	6,060,000 
 Filippo Segatori 		-   	1,000,000 	1,000,000 
 Jyoti Parmar 		250,000 	100,000 	350,000 
 David Pellegrin 	350,000 	500,000 	850,000 
 Rick Tityk 		3,310,000 	350,000 	3,660,000 
				
 Other  	6,000,000 	650,000 	6,650,000 
				
		27,810,000 	7,300,000 	35,110,000
 
We seek Safe Harbour.