QTA Quaterra Resources Inc

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE MKT:QMM) (the "Company") would
like to provide an update to shareholders regarding initiatives that have
recently been undertaken. 


Several of these initiatives have been acted upon immediately and publicly
released, including the receipt of a non-dilutive cash infusion of USD$1,000,000
as announced on August 1, 2013. Additional initiatives have since been announced
and the Company will continue its aggressive cost-cutting measures, divestiture
of non-core assets and focus on the core assets of the Company.


On August 2, 2013 the NYSE MKT (the "Exchange") notified the Company that it
accepted the Company's plan of compliance and granted the Company an extension
until October 31, 2013 to regain compliance with the continued listing
standards. 


"We are pleased with NYSE's extension of time granted to Quaterra to implement
our plans to retain our listing on the NYSE Exchange. The plan submitted to the
Exchange is consistent with our strategy to streamline Operations, lower costs,
monetize non-core assets, and focus on the Yerington Copper Project," said
President and CEO Steven Dischler. 


The Company previously announced it had received notice on June 6, 2013 from the
Exchange citing the Company was below certain of the Exchanges continued listing
standards as set forth in Part 10 of the NYSE MKT Company Guide (the "Company
Guide"). The Company submitted a plan of compliance to the Exchange on July 8,
2013 which focussed on establishing financial stability in order to meet
compliance with the Exchange. The plan includes a number of key initiatives to
be implemented in the immediate term. As outlined above, several of these
initiatives have been acted upon and several are ongoing.


The Company will be subject to periodic review by Exchange Staff during the
extension period. Failure to make progress consistent with the plan or to regain
compliance with the continued listing standards by the end of the extension
period could result in the Company being delisted from the NYSE MKT. 


This review by the Exchange does not impact the Company's listing on the TSX
Venture Exchange ("TSX-V") and its common shares will continue to be listed and
traded on the TSX-V, subject to compliance with continued listing standards.


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 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. 


On behalf of the Board of Directors, 

Mr. Steve Dischler, 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quaterra Resources Inc.
Lauren Stope
604-641-2746
info@quaterra.com
www.quaterra.com

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