QTA Quaterra Resources Inc

Corporate Update 

Quaterra Resources Inc. (the Company) (TSX VENTURE:QTA) (NYSE MKT:QTM) today
announced the implementation of the following key corporate initiatives from
August to the end of October that have helped the Company continue on its path
of asset monetization and general corporate restructuring: the receipt of $1M
from the acquisition of property by Freeport-McMoran Mineral Properties Inc.
(FMMP) near Butte Valley, Nevada; the successful completion of an oversubscribed
$2.9M private placement; the sale of three properties in central Mexico to
Goldcorp Inc. for a total of $375,000 plus a 2% NSR royalty on each property
capped at $2M; and aggressive cost cutting measures to lower general and
administrative costs.


The company is currently focused on monetizing additional non-core assets and
advancing its flagship properties in the Yerington copper district, Nevada,
where additional land acquisition and an updated resource at the Yerington pit
are in progress.


NYSE MKT Listing 

On October 31, 2013, the NYSE-MKT (the Exchange) accepted the Company's plan of
compliance and granted it a listing extension until January 15, 2014 to regain
compliance with the continued listing standards. Failure to make progress
consistent with the plan or to regain compliance with the continued listing
standards by the end of the extension period could result in the Company being
delisted from the NYSE MKT LLC. The Company continues to evaluate voluntary
delisting from the Exchange.


This review by the Exchange does not impact the Company's listing on the TSX
Venture exchange (TSX-V) and its common shares will continue to be listed and
traded on the TSX-V subject to compliance with its continued listing standards.


On behalf of the Board of Directors,

Mr. Steven Dischler, President & CEO 

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.
Mr. Steven Dischler
President & CEO
775-463-9600


Quaterra Resources Inc.
604-681-9059 (direct)
1-855-681-9059 (toll free)
info@quaterra.com

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