Quaterra Acquires Key Land Covering the Bear Deposit in the Yerington Copper District, Nevada

Quaterra Resources Inc. (the Company) (TSX VENTURE:QTA)(NYSE MKT:QMM) announces
that it now has four option agreements in place covering 1,305 acres (2.04
square miles) of private land north and east of the Yerington Mine Site
overlying part of the Bear copper deposit. Under the terms of the agreements,
Quaterra has exclusive rights to explore these parcels with an option to
purchase. The agreements also provide the Company an exclusive option to
purchase surface water rights and supplemental storage water rights. These
recently optioned water rights are in addition to the 8,628 acre-ft/year (5,350
gal/min) of primary ground water rights already owned by the company at the
Yerington Mine site that are permitted specifically for mining and milling. 


"Securing these properties is an important part of executing our strategy to
focus on the Yerington Copper District. The additional land and water we now
control at the Bear deposit is a major step toward accomplishing our objective
of consolidating, exploring and advancing to development this very large,
historic copper resource," says Quaterra CEO Steven Dischler. "Once we secure
project financing, we plan to begin drilling to further delineate this exciting
historic resource."


Bear Deposit 

The Bear deposit is a very large porphyry copper system that was discovered and
partially delineated by Anaconda in the 1960s and by Phelps Dodge in the 1960s
and 1970s. The deposit is open in several directions and has never been
consolidated under a single owner. The Company has data from 49 drill holes
totalling 126,400 feet (23.9 miles) that defines a system covering an area of at
least 2 square miles. The portion of the deposit controlled by Anaconda in the
1960s covered approximately 25% of this area and has an historic resource of
more than 500MT at 0.40% copper grade (Dilles and Proffett, 1995). One of the
parcels recently optioned by the Company was not previously accessible by
Anaconda or Phelps Dodge and is adjacent to the highest grade mineralization
discovered during their exploration of the area.


The Bear project is a high priority because of its very large size, historic
drilling and potential for higher grades than district averages (e.g., 10 holes
have continuous intervals of at least 150 feet grading 0.8% copper or more).
Previous drilling suggests the deposit remains open in several directions.
Molybdenum, although analysed on only about 20% of core samples, is potentially
a significant by-product credit. Exploration to potentially expand and upgrade
the historic Bear resource into a NI 43-101 compliant resource will commence
once financing is secured.


Note: The Bear tonnage and grade estimates are historic in nature. A qualified
person has not done sufficient work to classify these historic estimates as a
current mineral resource and Quaterra does not treat them as such. In order to
do so, they will have to be confirmed by additional drilling.


About Quaterra Resources, Inc.

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) is a junior exploration
and development company with a successful track record of making significant
mineral discoveries in North America. The Company's primary objective is the
advancement of its flagship projects in the Yerington copper district, Nevada.
The monetization of non-core assets is in progress to accelerate this effort.


Qualified Persons

This release was reviewed by Steven Dischler, P.E., and Dr. Thomas Patton, both
of whom are non-independent Qualified Persons within the meaning of NI 43-101.


On behalf of the Board of Directors,

Mr. Steven Dischler, President & CEO

Disclosure note

Some statements contained in this news release are forward-looking statements
within the safe harbor of the 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. 


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details to Quaterra at 604-681-9059 (direct), 1-855-681-9059 (toll free) or
email [e-mail].


The TSX Venture Exchange and the American Stock Exchange 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