CANADIAN QUANTUM ENERGY CORPORATION V.CQM

St. Edouard No. 1A HZ results!

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Questerre Energy Corporation
TSX:	QEC
OSLO STOCK EXCHANGE:	QEC
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February 23, 2010

QEC Announces Utica Well Tests at 12 mmcf/d

CALGARY, ALBERTA--(Marketwire - Feb. 23, 2010) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report on the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands, Quebec.

The horizontal well was successfully completed with 8 stage fracture stimulations. Clean-up and flow back commenced January 29, 2010. Initial rates were over 12 MMcf/d. During the test, the well flowed natural gas at an average rate of over 6 MMcf/d.

The well is currently still flowing on an extended production test. The current rate is approximately 5 MMcf/d at a flowing tubing pressure of 4412 kPa (640 psi) with a choke size of 5/8 inch.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "This first horizontal result is simply excellent!"

During the completion, microseismic data was gathered using the St. Edouard No. 1 vertical well as a monitoring well. Preliminary analysis indicates the fracs were successful in stimulating sufficient rock volume in the entire Utica sequence.

Mr. Binnion added, "The initial rates from St. Edouard exceed our internal threshold for commercial production on a per well basis based on targeted development costs."

The Company and the operator are evaluating pipeline options to tie-in the St. Edouard location.

Questerre Energy Corporation is an independent energy company focused on shale gas in North America. The Company is concentrated on establishing commerciality of its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec.

This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"), including the results from our horizontal wells. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information available to the Company. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking statements. As such, readers are cautioned not to place undue reliance on the forward looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

CONTACT INFORMATION:

Questerre Energy Corporation
Anela Dido
Investor Relations
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Fax: [phone]
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INDUSTRY: Energy and Utilities - Oil and Gas