Questerre Energy Corporation

Questerre Energy Corporation

November 13, 2007 00:15 ET

Questerre Announces New Appointment to Board

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2007) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) is pleased to announce that, subject to regulatory approval, it has appointed Bjorn Inge Tonnessen to the Board of Questerre.

Peder Paus, Chairman of Questerre, commented, "We are very pleased to have Bjorn Inge join the Board. With our strong shareholder base in Norway, he will increase our representation in the investment community. I believe his extensive experience both in the oil and gas industry and the financial markets make him an excellent addition to our well-rounded Board."

Mr. Tonnessen is currently Managing Director in Norway and Executive VP Business Development for the Svenska Group, a private Swedish exploration and production company. He was formerly the senior energy analyst with DnB NOR Markets ASA from January 2003 to July 2007 and an equity analyst with Handelsbanken Capital Markets from October 2001 to November 2002. Prior thereto he was employed by the Svenska Group in a variety of progressively more senior roles including exploration and production manager for a large part of the company's portfolio. Mr. Tonnessen holds a Bachelors' degree in Petroleum Engineering from Stavanger University in Norway and an MBA equivalent degree from Stockholm University in Sweden.

Questerre also announced that it intends to grant Mr. Tonnessen 250,000 options at an exercise price equal to the closing price of the Company's shares on the TSX on November 12, 2007.

Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

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