QTA Quaterra Resources Inc

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) is pleased to announce
several important undertakings in an effort to ensure the long-term
sustainability of the Company. These initiatives include changes at the
management and director level, core focus on advancing its 100% owned Yerington
Copper Projects and the continued evaluation of monetizing non-core assets. 


Management and Director Changes: 

Effective immediately, the Company has made the following corporate changes:



--  Dr. Thomas Patton will move from his position as President and CEO to
    become the Chairman of the Board, and he will continue to focus on
    shareholder relations, provide continued advice on strategic matters and
    use his geological expertise to support the Company's exploration
    efforts. 

--  Steven Dischler, previously VP and General Manager of Yerington, has
    been appointed President and CEO of the Company and a Director. Steve
    will continue to be responsible for Yerington and will assume leadership
    responsibility for corporate strategy, operations and administrative
    functions. (Please see bio below).

--  Dr. Michael Berry has joined the Board as an independent Director. Mike
    brings an impressive track record of project finance in the junior
    mining sector. (Please see bio below).

--  Lawrence Page Q.C. has resigned as a director to accommodate the
    appointment of Dr. Berry.



"Due to the ongoing volatility in financial markets, we believe it is important
to implement these changes at this time," says Quaterra Chairman of the Board,
Tom Patton. "We have taken these steps to improve our efficiency and to
streamline our operations. This will allow us to focus on Yerington and
optimizing the value of our other assets. We have been working closely with Mr.
Dischler over the past 2 years, and are highly confident in his abilities to
lead Quaterra's business activities going forward. We are pleased to welcome Dr.
Berry to the Board. He has been a long term supporter and shareholder and has
tremendous experience in capital markets and particularly in mining. The Board
would also like to thank Mr. Page for his untiring commitment and counsel to the
Company in fulfilling his role as a Director of Quaterra."


"We are going to stay laser-focused on delivering shareholder value" says newly
appointed President and CEO Steve Dischler. "The continued exploration and
development of our Yerington copper projects, which we believe are world-class
assets, will be our primary focus. The changes announced today position us to
concentrate on advancing these projects toward a full-scale production decision
which we believe will provide significant value to our shareholders." 


In addition, the Company is continuing its implementation of significant
cost-saving initiatives, including the elimination of non-essential positions,
selective salary reductions, and reduction in corporate office and G&A expenses.



Board Bio's 

Steven Dischler - Mr. Dischler has 32 years of experience in the mining and
natural resources sector, the last 2 years of which he has been VP and General
Manager of Quaterra's Yerington project. He has held a variety of leadership
positions in consulting and industry with expertise in major project development
including permitting, feasibility studies, engineering, construction and
start-up. He is a registered professional engineer in eight states and holds
B.S. and M.S degrees in mining engineering.


Dr. Berry is a highly respected economic and investment strategist. He served as
a professor of investments at the Colgate Darden Graduate School of Business
Administration at the University of Virginia, and as the Wheat First Endowed
Chair at James Madison University. He has managed small- and mid-cap value
portfolios for Heartland Advisors and Kemper Scudder. For the past decade he has
been a highly regarded lecturer at the Federal Reserve Bank of the United States
of America and is a well-known author and speaker in the Discovery Investing
world. He is co-developer of the Discovery Investing Scoreboard software which
ranks companies relative to their discovery potential. He publishes Morning
Notes which discusses geopolitical, technological and economic trends and their
effect on capital markets, and identifies opportunities in the area of natural
resources, high technology, infrastructure development and biotech.


About Quaterra 

Quaterra Resources Inc. (NYSE MKT:QMM)(TSX VENTURE:QTA) is a junior exploration
company focused on making significant mineral discoveries in North America. The
Company uses in-house expertise and its network of consultants, prospectors and
industry contacts to identify, acquire and evaluate prospects in mining-friendly
jurisdictions with the potential to host large and/or high-grade base and
precious metal deposits.


On behalf of the Board of Directors,

Dr. Thomas Patton, 

President and CEO, Quaterra Resources Inc.

Some statements contained in this news release are forward-looking statements
within the safe harbor of the Private Securities Litigation Reform Act of 1995.
These statements generally are identified by words such as the Company
"believes", "expects", and similar language, or convey estimates and statements
that describe the Company's future plans, objectives or goals. Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Further information regarding risks and uncertainties which may
cause results to differ materially from those projected in forward-looking
statements, are included in filings by the Company with securities regulatory
authorities. Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date thereof. The Company
does not undertake to update any forward-looking statement that may be made from
time to time except in accordance with applicable securities laws. References
may be made in this press release to historic mineral resource estimates. None
of these are NI 43-101 compliant and a qualified person has not done sufficient
work to classify these historic estimates as a current mineral resource. They
should not be relied upon and Quaterra does not treat them as current mineral
resources.


Expanded information on the Company's projects is described on our website at
www.quaterra.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lauren Stope
(604) 641-2746
info@quaterra.com


Tom Patton
Vancouver office
(604) 681-9050


Steve Dischler
Yerington office
(775) 463-9600

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