TXA Terrenex Acquisition Corp Com Npv

Terrenex Ltd. ("Terrenex" or the "Company") (TSX VENTURE:TXA) (NEX BOARD:TXA.H)
and Questerre Energy Corporation ("Questerre") (TSX:QEC) (OSLO:QEC) announced
today that they have completed the acquisition of Terrenex by Questerre pursuant
to a Plan of Arrangement.


Michael Binnion, President and Chief Executive Officer of Terrenex and
Questerre, commented, "We are very pleased to have finalized this transaction on
mutually satisfactory terms. The acquisition increases Questerre's leverage to
the Utica shale gas play in Quebec by an additional 27,000 net acres. Questerre
also gains over 5,000 km of 2-D seismic data, giving it an almost unparalleled
technical database in the Lowlands. This transaction has the added benefits of
eliminating a non-arms length relationship for Questerre and providing liquidity
for Terrenex's shareholders."


At a Special Meeting of the shareholders of Terrenex held on April 28, 2008, the
Plan of Arrangement received the support of 100% of the votes cast. The
transaction subsequently received final Court approval. On closing, Terrenex
became a wholly owned subsidiary of Questerre. The total consideration was
18,910,403 Questerre Common Shares and the assumption of a $0.5 million working
capital deficit. The net debt component has been paid through a non-refundable
deposit on the transaction. Terrenex's Common Shares will be delisted from the
NEX effective April 30, 2008.


This news release contains forward-looking information. Implicit in this
information are assumptions regarding commodity pricing, production, royalties
and expenses, that, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect. These forward-looking statements are
based on certain assumptions that involve a number of risks and uncertainties
and are not guarantees of future performance. Actual results could differ
materially as a result of changes in the Company's plans, commodity prices,
equipment availability, general economic, market, regulatory and business
conditions as well as production, development and operating performance and
other risks associated with oil and gas operations. There is no guarantee made
by the Company that the actual results achieved will be the same as those
forecasted herein.

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