Quattro Exploration and Production Ltd.
TSX VENTURE : QXP

August 29, 2012 12:33 ET

Quattro Increases Exploration Releases Interim Financial Statements for Three and Six Months Ended June 30, 2012

CALGARY, ALBERTA--(Marketwire - Aug. 29, 2012) - QUATTRO Explorations and Production Ltd. (the "Company") (TSX:QXP) is pleased to release its interim Financial Statements for three and six months ended June 30, 2012. These documents can be found on SEDAR at www.sedar.com or the Company's website: www.qxp-petro.com.

Leonard Van Betuw, President of the Company, commented, "We are pleased to report that the financials filed for the period ending June 30, 2012 provides our current and future shareholders the assurance that the company continues to build value and a strong financial foundation as it proceeds with its business plan of achieving material long term growth in both reserves and production.

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 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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