QTA Quaterra Resources Inc

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM)(NYSE MKT:QMM) (the
"Company") announced today that it is seeking TSX Venture Exchange and NYSE MKT
approval of a "best efforts" non-brokered private placement offering of up to
25,000,000 units at a price of US$0.10 per unit, for gross proceeds of up to
US$2.5 million. Each unit will consist of one common share of the Company and
one non-transferable common share purchase warrant exercisable into one common
share at a price of US$0.15 for a period of 3 years from the date of closing.
The private placement is expected to close on or about August 28, 2013, subject
to finalization of subscription agreements and receipt of regulatory approval. 


"This modest equity offering allows the Company to continue optimizing our
assets while we evaluate alternatives to further explore and develop our
Yerington projects into a world-class copper district" said newly appointed
Quaterra President and CEO Steven Dischler. "We evaluated several alternatives
and felt this private placement was in the best interest of our Company at this
time. We will also continue with our plans to monetize non-core assets as a
source of organic funds to advance Yerington." 


The Company has no present intention of listing the warrants on any exchange and
currently there is no published market for any warrants of the Company. 


The warrants will not restrict or prevent the Company from obtaining any other
financing, or from issuing additional securities or rights, during the period
within which the warrants may be exercised.


Subject to review by TSX Venture Exchange and the NYSE MKT, cash finder's fees
may be payable with respect to the subscriptions accepted by the Company. 


Securities issued will be subject to a four-month plus one day hold period from
the closing date. 


Quaterra Resources Inc. (NYSE MKT:QMM)(NYSE Amex: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, 

Mr. Steven Dischler, President and CEO, Quaterra Resources Inc.

Should you wish to receive news releases by fax please provide your contact
details to Quaterra at 604-681-9059 (direct), 1-855-681-9059 (toll free) or
email info@quaterra.com. 


Disclosure notes:

This press release, required by applicable Canadian laws, does not constitute an
offer of the securities described herein. These securities offered have not been
and will not be registered under the United States Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in the
United States or to U.S. persons unless registered or exempt from registration
requirements. 


Some statements contained in this news release are forward-looking statements
within the safe harbor of the United States 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.


The TSX Venture Exchange and the NYSE MKT have not reviewed and do not accept
responsibility for the adequacy or accuracy of the contents of this news
release, which has been prepared by management.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quaterra Resources Inc.
Lauren Stope
Manager Communications
604-641-2746
www.quaterra.com

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