Quepasa Sets First Quarter 2012 Conference Call for Thursday, May 3, 2012 at 4:30 p.m. ET

Quepasa Corporation

 (NYSE Amex: QPSA), the public market leader for social discovery and owner of North-American platform 

myYearbook

 and Latin-American platform 

Quepasa

, today announced management will host a conference call on Thursday, May 3, 2012 at 4:30 p.m. ET to discuss details and answer questions about the company's first quarter of fiscal year 2012 financial results ended March 31, 2012.

Financial results will be issued in a press release prior to the call, which will be hosted by Quepasa's CEO John C. Abbott, CFO Mike Matte, and COO Geoff Cook.

Date: Thursday, May 3, 2012 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-Free Dial-In Number: 1-877-941-2069 Toll/International: 1-480-629-9713

Webcast Link: https://viavid.webcasts.com/starthere.jsp?ei=1005254

Please dial-in at least 5-10 minutes prior to the start time. You will be asked to register your name and organization. If you have any difficulty connecting with the call, please contact VP of Capital Markets and Investor Relations, Brian Harvey at 310-801-1719. A replay of the call will be available for one year at the Investors section of Quepasa's corporate site, www.quepasacorp.com.

About Quepasa Corporation Quepasa Corporation (NYSE Amex: QPSA) is the public market leader for social discovery and owner of Latin-American platform Quepasa and North-American platform myYearbook. In April 2012, Quepasa announced plans of its platform rebrand to MeetMe™, part of a global strategy to expand how people discover and meet in an increasingly online and mobile world. The company makes meeting new people fun through social games and apps, monetized by both advertising and virtual currency. Quepasa has strong reach throughout the world, with a concentration of 78+ million users across the Americas and is headquartered in New Hope, Pennsylvania. For more information about the Company, go to www.quepasacorp.com. To find out more about the coming rebrand, please visit www.meetme.com or follow us on Twitter @meetme.

Contact: Robin Shallow EVP Communications & Public Relations Quepasa Corporation - myYearbook [phone] x230 [e-mail] Media Inquiries: Tammy Chan Atomic PR for myYearbook [phone] [e-mail] Investor Contact: E. Brian Harvey VP Capital Markets and Investor Relations Quepasa Corporation [phone] [e-mail] Follow us on StockTwits or Twitter at QuepasaCorp