Quattro Exploration & Production: Announces General and Special Meeting Results and a General Corporate Update

CALGARY, ALBERTA--(Marketwire - Jan. 30, 2012) -

Quattro Exploration & Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to report that each of the matters placed before the shareholders of the Corporation at the annual and special meeting held on January 24, 2012 (the "Meeting") were approved. An aggregate of 10,109,821 shares were represented at the meeting either in person or by proxy, representing approximately 35% of the issued and outstanding common shares of the Company.

The company is also pleased to report that it continues to advance is strategies in both Saskatchewan and Guatemala. The company expects to have its due diligence completed in Guatemala in the month of February with discussions progressing towards the finalization of a series of agreements in the next 60 days.

About Quattro Exploration & Production

Quattro Exploration and Production Ltd. ("QXP") continues to focus on the conventional exploration and development of oil and natural gas reserves in Western Canada, primarily in south central Saskatchewan and the aggressive pursuit of a series of high impact exploration efforts in Central and South America. The company intends to balance a portfolio of activities that assures its shareholders that it achieves material growth in both reserves and production.