Quattro Exploration and Production Ltd.

November 27, 2012 16:26 ET

Quattro Announces the Approval of Its 100% Wholly Owned Subsidiary Quattro Guatemala and Releases Interim Financial Statements for Three and Nine Months Ended September 30, 2012

CALGARY, ALBERTA--(Marketwire - Nov. 27, 2012) - QUATTRO Explorations and Production Ltd. (the "Company") (TSX VENTURE:QXP) is pleased to announce the formation and registration of its 100%, wholly owned subsidiary, Quattro Guatemala. The Company received notification that the application was accepted in November by the Commercial Registry, in Guatemala City.

The company also continues to progress with its exploration and production activities in Western Canada and is pleased to announce the release of its interim Financial Statements for three and nine months ended September 30, 2012. These documents can be found on SEDAR at www.sedar.com or on the Company's website: www.qxp-petro.com

"The formation of our subsidiary in Guatemala is an important stage in the company's international business development and allows the ongoing negotiations of a number of transactions underway to proceed as intended through the Company's newly formed 100% wholly owned subsidiary Quattro Guatemala, to their full conclusion." Leonard Van Betuw, President of the Company, commented.

"The opportunities in Guatemala continue to evolve as intended with their value to be unlocked through the reinvestment of future free cash flow from Western Canada, namely the company's activities at Rangeview Saskatchewan, its material land base situated in the western Williston Basin of Saskatchewan and its recently closed Acquisition in Central Alberta.

About Quattro Exploration and Production Ltd.

Quattro Exploration and Production Ltd. ("QXP") is focused on the conventional exploration and development of oil and natural gas reserves in Western Canada, primarily in south central Saskatchewan and Central Alberta as a complement to the aggressive pursuit of a series of high impact exploration efforts in Central and South America. The company will continually evaluate its assets to balance its portfolio of activities to insure its shareholders that it achieves material long term growth in both reserves and production.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward - looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

BOE presentation:

Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly if used in isolation. All boe conversions in this report are calculated using a conversion of six thousand cubic feet of natural gas to one equivalent barrel of oil (6 mcf=1 bbl) and is based on an energy conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

Trading in the securities of Quattro Exploration & Production Ltd. should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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