Quaterra Announces Conference Call to Discuss Preliminary Economic Assessment on Macarthur Project

Vancouver, British Columbia--(Newsfile Corp. - May 23, 2012) - Quaterra Resources Inc., (NYSE Amex: QMM; TSX-V: QTA) will host a conference call on Thursday, May 24, 2012, at 1:30 pm Pacific Time (4:30 pm Eastern Time) to discuss yesterday’s release of the preliminary economic assessment of the Company’s MacArthur copper project in the Yerington District, Nevada.

The Company will also answer questions at the end of the formal portion of the call. For toll free dial-in from Canada and U.S. please call 1-800-319-4610, from Vancouver call 604-638-5340 and from outside of Canada and the U.S. call 1-604-638-5340. Callers should dial in five to 10 minutes prior to the scheduled start time and simply ask to join the call.

A link to a playback of the call will be placed on the Company website after the call.

For more information, please contact:
Lauren Stope at 1-855-681-9059, 604-681-9059 or
email: info@quaterra.com

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

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