QUATERRA ACCELERATED WARRANTS EXERCISED
VANCOUVER, B.C. - Quaterra Resources Inc. (the “Company”) today announced that the Company has
issued 6,291,291 common shares pursuant to the acceleration of non-transferable common share purchase
warrants of the Company dated November 27, 2008, December 19, 2008, and January 15, 2009 (the
“Warrants”) of the Expiry Date of the Warrants from November 27, 2010, December 19, 2010, and January
15, 2011 to May 25, 2010.
The gross proceeds of the warrants, exercised by 6,276,290 of 6,313,291 participants (99.4%) totals US$4.7
The funds will be used to continue exploration and update the resource estimate at the Company’s MacArthur
project in Nevada, to update the resource estimate at the Nieves silver project in Mexico, and for general
Quaterra Resources Inc. (NYSE Amex: QMM; TSX-V: QTA) 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,
Chief Financial Officer, 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