Quepasa to Present at the 7th Annual Needham Internet & Digital Media Conference on June 5, 2012 in New York

   Quepasa Corporation (NYSE Amex: QPSA) (NYSE MKT: QPSA) today announced its participation in the 7th Annual Needham Internet & Digital Media Conference on June 5, 2012 at the Essex House in New York City. The presentation will be webcast live at http://wsw.com/webcast/needham52/qpsa/ at 9:30 am ET.

"We are focused on expanding our investor relations outreach surrounding our upcoming rebranding efforts as we transition Quepasa and myYearbook to the MeetMe™ platform," explained Quepasa CEO John Abbott. "As a result, we retained The Blueshirt Group to help augment our investor relations efforts and we remain committed to strengthening our communications with the investor community."

About Quepasa Corporation Quepasa Corporation (NYSE Amex: QPSA) (NYSE MKT: 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 81+ 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.

About The Blueshirt Group The Blueshirt Group provides capital markets expertise and strategic financial and media relations counsel to growth companies and venture capital firms globally. Founded in 1999, our firm has earned its reputation as a leader in investor relations (IR), financial communications, financial media relations and crisis management. For more information please visit www.blueshirtgroup.com.

Contacts Robin Shallow EVP Communications & Public Relations Quepasa Corporation [phone] x230 [e-mail] E. Brian Harvey Vice President of Capital Markets and Investor Relations Quepasa Corporation [phone] [e-mail] Follow us on StockTwits at QuepasaCorp or on Twitter @meetme.