PAL Parallel Mining Corp

Quaterra Resources (TSX VENTURE:QTA)(OTCQX:QTRRF) today announced that its
common shares commenced trading on the OTCQX International quotation system
under the symbol "QTRRF" effective at the market open on Friday, February 7,
2014. Quaterra's common shares continue to trade on the TSX Venture Exchange
under the symbol "QTA".


The Company's shares were delisted from the NYSE MKT after the close of trading
yesterday following an announcement on January 17, 2014, of its intention to
voluntarily delist from the NYSE. 


The OTCQX International is a segment of the OTCQX marketplace reserved for
high-quality non-U.S. companies. Scardsdale Equities LLC is acting as the
Company's Principal American Liaison ("PAL") on OTCQX, responsible for providing
professional guidance on OTCQX requirements. Investors will be able to find
current financial disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com. 


"We are pleased Quaterra has chosen to join OTCQX, our best marketplace," said
R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX
will allow Quaterra to preserve a high-quality trading and information
experience for its investors and a commitment to shareholder value. We look
forward to working with Quaterra's management team during this transition."


Said Quaterra President and CEO Steven Dischler: "We are committed to serving
our U.S. investors by providing them with access to the enhanced U.S.-based
trading platform offered by OTCQX. The OTCQX has earned a reputation for
providing U.S. investors with improved liquidity, transparency, superior
information, and easy access through their U.S. regulated broker-dealers."


The delisting of Quaterra shares from the NYSE MKT will not affect the listing
of the shares on the TSX Venture Exchange where they will continue to trade.
Quaterra will comply with, and continue to be subject to, the federal laws of
Canada, the jurisdiction in which Quaterra is incorporated, as well as Canadian
securities laws and corporate governance rules applicable to Canadian publicly
listed companies, including the rules of the TSXV. It will continue to file
reports with the SEC.


About Quaterra Resources, Inc.

Quaterra Resources Inc. (TSX VENTURE:QTA)(OTCQX:QTRRF) is a junior exploration
and development company with a successful track record of making significant
mineral discoveries in North America. The Company's primary objective is the
advancement of its flagship projects in the Yerington copper district, Nevada.
The monetization of non-core assets is in progress to accelerate this effort.


On behalf of the Board of Directors,

Mr. Scott Hean, CFO
Quaterra Resources Inc.

Disclosure note:

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.
Scott Hean
CFO
(604) 641-2747


For information on trading Quaterra stock on the OTCQX:
Scarsdale Equities LLC
Christopher Thunen
(415) 975-4305

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