Quaterra Resources Inc.

Quaterra Resources Inc.

June 19, 2008 08:30 ET

Quaterra Resources Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Quaterra Resources Inc. (the "Company") (TSX VENTURE:QTA)(AMEX:QMM) - Following the Annual General Meeting of Shareholders held on June 18, 2008, the Company is pleased to announce that all resolutions presented to shareholders were passed with 108 shareholders present in person or by proxy representing 23,818,699 shares (27% of the issued capital).

The Directors and Officers of the Company for the ensuing year are:

Thomas Patton, President and CEO, Director

Eugene Spiering, Vice President Exploration, Director

Tracy Stevenson, Chairman, Director

Lawrence Page, Corporate Secretary, Director

Roy Wilkes, Director

Robert Gayton, Director

John Kerr, Director

Stacey Bligh, Assistant Secretary

Scott Hean, Chief Financial Officer

Charles Hawley, Vice President Exploration, Alaska

Pursuant to the Company's stock option plan, option agreements were entered into with directors, officers, employees, and consultants granting the right to purchase an aggregate of 2,190,000 shares at an exercise price of $3.30 per share for a five year period subject to regulatory approval.

On behalf of the Board of Directors,

Thomas Patton, President and CEO, Quaterra Resources Inc.

Expanded information on the Company's projects is described on our website at www.quaterraresources.com.

The TSX Venture Exchange and the American Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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