Insider acquisition of common shares following closing of Red Leaf transaction

31 Dec 2025 01:25 CET

Questerre Energy Corporation ("Questerre" or the "Company") reported the closing
of the acquisition of Red Leaf Resources. Pursuant to the transaction, Red Leaf
common shareholders exchanged their common shares for Questerre Common Shares
based on an exchange ratio of 94 Questerre Common Shares for 1 Red Leaf common
share. The officers of the Company listed below increased their ownership of
Questerre Common Shares through this exchange.

Michael Binnion, President and Chief Executive Officer - Increase of 1,255,370
Common Shares through direct ownership and an increase of 1,408,151 Common
Shares through indirect ownership. Total ownership, direct and indirect, post
transaction is 21,990,112

Jason D'Silva, Chief Financial Officer - Increase of 940,000 Common Shares
through direct ownership. Total ownership post transaction is 4,215,863.

We seek Safe Harbour.

More information:
Access the news on Oslo Bors NewsWeb site