Quattro Provides Financial Guidance and Announces the Withdrawal of Its Convertible Debenture Offering

Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the
"Company") is pleased to announce April 28, 2014 as the anticipated date for the
release of our audited financials for the year ended December 31, 2013.


The Company is also pleased to confirm its previous guidance of pro forma
revenue for the year ended December 31, 2013, exceeding $14 million as
previously projected.


Furthermore, Quattro's Board of Directors, in reviewing the Company's
performance and recent trading activity in the Company's common shares, has also
made the determination that the 3-year convertible debenture previously being
offered with a yield of 8% interest per annum with the holder being granted the
right to convert to Class A Common shares at $0.50 per share shall be withdrawn
by the Company rather than being re-priced in the context of the current market.


"Current commodity prices for oil and gas and the resulting cash flow continues
to provide Quattro a number of strategies to further enhance its business plan
and we look forward to continuing to build on our organic growth goal of
reaching production of 2500 boe per day by year end 2014," said Leonard Van
Betuw, President and CEO.


"In addition, we are currently reviewing a number of options to further
accelerate our plans. We look forward to providing guidance to the market once
the Board has approved the appropriate course of action that supports the
Company's conservative approach to maintaining a strong balance sheet, while at
the same time increasing growth and enhancing shareholder value."


About Quattro Exploration and Production Ltd.

Quattro Exploration and Production Ltd. ("QXP") continues to focus on the
conventional exploration and development of oil and natural gas reserves in
Western Canada, with an expanding presence in Alberta and British Columbia. It's
core low risk production base will provide the Company the capacity to
aggressively pursue a series of high impact exploration and development efforts
in Central and South America. Quattro intends to balance this portfolio of
activities to assure its shareholders that it achieves material growth in both
reserves and production.


This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward -
looking statements. Factors that could cause actual results to differ materially
from those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


BOE presentation:

Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head.


Trading in the securities of Quattro Exploration and Production Ltd. should be
considered highly speculative. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quattro Exploration and Production Ltd.
Leonard Van Betuw
President and Chief Executive Officer
Office [phone], Direct Line [phone]
[e-mail]
www.qxp-petro.com