Questerre to acquire remaining interest in Red Leaf Resources

Contributing sentiments towards policy:

54% : Subject to tax and other considerations, the preferred share equity of Red Leaf representing US$1.9 million of principal and accrued dividends intend to participate in this transaction.
54% : Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment, and society.
52% : Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration.
51% : For more information please view the Barchart Disclosure Policy here THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) is pleased to announce its plans to consolidate the remaining common equity interest in Red Leaf Resources, Inc. ("Red Leaf") through an exchange of Red Leaf common shares for Class "A" Common voting shares of Questerre ("Questerre Common Shares").
44% : Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the following risk factors: additional funding requirements; exploration, development, and production risks; volatility in the oil and gas industry; prices, markets, and marketing of crude oil and natural gas; liquidity and the company's substantial capital requirements; prices, markets, and marketing of crude oil and natural gas; political uncertainty; non-government organizations; changing investor sentiment; global financial market volatility; adverse economic conditions; alternatives to and changing demand for petroleum products; environmental risks; regulatory risks; inability of management to execute its business plan; competition from other issuers; expiration of licenses and leases; Indigenous claims; possible failure to realize anticipated benefits of acquisitions; and reputational risks.

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