Questerre reports annual grant of stock options to directors and employees

Questerre Energy Corporation ("Questerre" or the "Company") reported that the Board, at its annually scheduled meeting, which included an evaluation of overall compensation, has granted to directors, officers and employees a total of 11,440,000 options to acquire Common Shares at a price of C$0.34 per Common Share on January 24, 2022. The options will expire on January 23, 2027. The options were granted as follows: Current Proposed Total Board Members Bjorn Inge Tonnessen 1,347,000 550,000 1,897,000 Mireille Fontaine 500,000 330,000 830,000 Dennis Sykora 803,500 330,000 1,133,500 Hans Jacob Holden 938,500 330,000 1,268,500 Management Michael Binnion 7,584,000 2,420,000 10,004,000 John Brodylo 3,410,000 1,210,000 4,620,000 Peter Coldham 3,450,000 1,210,000 4,660,000 Jason D'Silva 4,700,000 1,760,000 6,460,000 Dana Shepherdson 2,390,000 1,210,000 3,600,000 Rick Tityk 3,410,000 1,210,000 4,620,000 Employees 1,500,000 880,000 2,380,000 Former Directors 274500 0 274,500 Total 30,307,500 11,440,000 41,747,500 We seek safe harbor.