QTA Quaterra Resources Inc

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) ("Quaterra"or "the
Company") announces that its audited Consolidated Financial Statements for the
years ended December 31, 2012 and 2011 are now available on the company's
website at www.quaterra.com.  The Consolidated Financial Statements were filed
on SEDAR (www.sedar.com) and with the SEC (www.sec.gov) as part of the Company's
Annual Report on Form 20-F on March 28, 2013. 


Shareholders can receive a hardcopy of the audited Consolidated Financial
Statements free of charge by contacting Quaterra Resources Inc:




By Mail:    QUATERRA RESOURCES INC.                 
            Suite 1100 - 1199 West Hastings St.     
            Vancouver, BC V6E 3T5                   
            Canada                                  
            Attention: Assistant Corporate Secretary
            ----------------------------------------
                                                    
By Phone:   1 (604) 641-2781                        
By Email:   info@quaterra.com                       



A hardcopy of the audited Consolidated Financial Statements will be mailed upon
receipt of the request. 


Pursuant to Section 610 of the NYSE MKT Company Guide, the Company notes that
its audit report contains an "Emphasis of Matter" statement pointing to the
existence of material uncertainties that may cast significant doubt about the
Company's ability to continue as a going concern. The Company intends to keep
this disclosure in place in all financial statements until the material
uncertainties are mitigated. 


This announcement does not represent any change or amendment to the Company's
Consolidated Financial Statements or its Annual Report on Form 20-F for the
fiscal year ended December 31, 2012.


Other Company Matters 

Quaterra also announces today that it has entered into exploration agreements
with three private land owners located north and east of the Yerington Mine
Site. These parcels cover 913.91 acres that include the historic Bear resource.
Under the terms of the agreements, the Company has exclusive rights to explore
these parcels with an option to purchase. The Company plans to begin exploration
activities on these parcels in 2013. President and CEO Tom Patton said, "These
agreements are an important step for Quaterra to begin exploring and verifying
the historic Bear Resource." The historic Bear Resource is a large porphyry
copper system in the heart of the Yerington District that was discovered and
partially delineated by Anaconda in the early 1960s.


The exploration and option agreements also give the Company an exclusive option
to purchase surface water rights that total 4.71 cu ft/sec of decree water and
1,139.73 ac-ft/year of supplemental storage water. These water rights are in
addition to primary ground water rights which the Company already owns at the
Yerington Mine site, totaling 8,628.01ac-ft/year.


Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) is a junior exploration
company focused on making significant mineral discoveries in North America. The
Company uses in-house expertise and its extensive network of consultants,
prospectors and industry contacts to identify, acquire and evaluate prospects in
mining-friendly jurisdictions with the potential to host large and/or high-grade
base and precious metal deposits. The Company is currently involved in the
consolidation and evaluation of its flagship property, the 100%-owned Yerington
copper district in Nevada. 


On behalf of the Board of Directors,

Dr. Thomas Patton, President and CEO, Quaterra Resources Inc.

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. 


Expanded information on the Company's projects is described on our website at
www.quaterra.com or contact Lauren Stope at 604-641-2746 or email:
info@quaterra.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quaterra Resources Inc.
Thomas Patton
President and CEO
604-641-2758


Quaterra Resources Inc.
Lauren Stope
Manager Communications
604-641-2746
info@quaterra.com
www.quaterra.com

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