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 6,700,000 options to acquire Common Shares at a price of C$0.25 per Common Share on February 5, 2024. The exercise price is determined as the closing price on TSX the day prior to the grant. The options will expire on February 4, 2029. The options were granted as follows: Current Granted Total Board Members Bjorn Inge Tonnessen 1,500,000 150,000 1,650,000 Mireille Fontaine 1,030,000 100,000 1,130,000 Dennis Sykora 930,000 100,000 1,030,000 Hans Jacob Holden 930,000 100,000 1,030,000 Jauvonne Kitto - 250,000 250,000 Management Michael Binnion 7,020,000 1,500,000 8,520,000 John Brodylo 3,510,000 750,000 4,260,000 Peter Coldham 3,510,000 750,000 4,260,000 Jason D'Silva 5,060,000 1,000,000 6,060,000 Dana Shepherdson 3,060,000 750,000 3,810,000 Rick Tityk 3,510,000 750,000 4,260,000 Staff 1,210,000 500,000 1,710,000 Other 450,000 - 450,000 31,720,000 6,700,000 38,420,000 We seek safe harbor.