Quaterra Resources Corporate Update

VANCOUVER, BRITISH COLUMBIA, Apr 22 (MARKET WIRE) --
Quaterra Resources Inc. (the "Company") (TSX VENTURE: QTA)(NYSE
Amex: QMM) today announced that the Company has granted an aggregate of
300,000 incentive stock options to certain directors, officers,
employees, consultants with each option being exercisable between
Cdn$1.76 and Cdn$1.80 per share for periods of up five years. This fits
within the Company's existing Stock Option Plan whereunder a maximum of
10% of the issued shares is reserved for issuance under the plan, which
was approved by the company's shareholders at the Annual General Meeting
that was held on June 17, 2009.

The Company also announced that Gerald Prosalendis has been appointed to
the office of Vice President Corporate Development. Mr. Prosalendis
brings to the Company his experience in corporate strategy, markets,
shareholder relations and communication. He was the Vice President
Corporate Development of Western Silver Corporation and was involved in
the successful sale of that company in 2006 to Glamis Gold Ltd. for $1.6
billion. He was also Vice President Corporate Development of Dia Met
Minerals Ltd., a member of the team that developed the Ekati diamond mine
and was involved in the sale of Dia Met to BHP Billiton for $687 million
in 2001. Mr. Prosalendis was appointed an officer of the Company by the
Quaterra Board of Directors in March 2010.

Quaterra Resources Inc. also intends to proceed with its application to
the TSX Venture Exchange for the requisite permission to issue shares
pursuant to an Addendum to Mining Lease With Option to Purchase with
North Exploration relating to the Company's MacArthur project entered
into effective January 9, 2010 (the "Addendum"). Under the
terms of the Addendum the time for the making of certain payments under
the terms of the Mining Lease With Option dated 13 September, 2005 (the
"Option") was extended. The Company will apply to the TSX
Venture Exchange for permission to issue 150,000 common shares of
Quaterra to complete the Addendum transaction. The $300,000 payment under
the Addendum has already been made.

On behalf of the Board of Directors,

Scott Hean, CFO, 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.

Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms on this
website (or press release), such as "measured",
"indicated", and "inferred" "resources,"
which the SEC guidelines generally prohibit U.S. registered companies
from including in their filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 40-F which can be requested
from us, and is available on our website at www.quaterra.com and at
www.sec.gov/edgar.shtml.

Expanded information on the Company's projects is described on our
website at www.quaterra.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider or
the NYSE Amex 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.

Contacts:
Quaterra Resources Inc.
Nicole Rizgalla
1-888-456-1112, 604-681-9059
corpdev@quaterra.com
www.quaterra.com

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