QXP

Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX
VENTURE:QXP) announces that it has filed a claim against 1684671 Alberta Ltd.
operating as Cote Resources ("Cote Resources"), an Alberta-based Corporation
which purchased certain oil and gas assets (the "Assets") from Quattro in 2012.
The claim relates to a subset of the assets described in the Company's press
release dated May 15, 2012 that were sold to Cote Resources and seeks the
recovery from Cote Resources of amounts incurred by Quattro on behalf of Cote
Resources in the aggregate amount of over $323,009.00.


In addition, Quattro has served Cote with a notice of default of its obligations
under a Participation Agreement executed as between CRL and Quattro Exploration
and Production Ltd. ("Quattro") dated September 4, 2012 (the "Participation
Agreement") with respect to its property in Wood Mountain, Saskatchewan.
Specifically, the notice indicates that Cote Resources has failed to provide a
guarantee, letter of credit or evidence of funds in trust in the amount of
$800,000 plus GST for its 50% share of costs for the exploration and drilling of
test well(s) within the exploration permit lands as defined in the Participation
Agreement.


Quattro intends to vigorously pursue its claim on behalf of its shareholders.

Following the filing of Quattro's claim, Cote Resources filed a claim against
Quattro claiming that a "partnership" existed between Cote Resources and Quattro
in purchasing the Assets and that Quattro has breached its duties to Cote under
such arrangement. It further claims that Quattro failed to conduct operations on
certain assets and failed to register Cote Resources' ownership in the Assets.
As set out in the court documents, Cote Resources is seeking a judgment in the
amount of $2.37 million for breach of partnership, punitive damages of $250,000
and an order declaring the Assets to be held in trust by Quattro pending
conveyance of Cote Resources' interest in such assets.


It is the position of Quattro that no such partnership existed between the
parties and that Cote Resources has failed to perform its obligations under the
agreements between the parties including the CAPL schedules, as set out in the
Claim and Notice of Default issued by Quattro. The Company has taken immediate
steps to vigorously defend the Cote Resources claim, which it feels is entirely
without merit.


About Quattro Exploration and Production Ltd.

Quattro Exploration and Production Ltd. ("QXP") continues to focus on low risk
exploration and development of oil and natural gas reserves in Western Canada,
primarily in south central Saskatchewan and east central Alberta in conjunction
with the aggressive pursuit of a series of high impact exploration efforts in
Central and South America. The company continues to balance its portfolio of
activities in Canada with the high impact international opportunities in order
to assure its shareholders that Quattro achieves material growth in both
reserves and production.


This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward- looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


BOE presentation:

Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Quattro Exploration & Production
Leonard Van Betuw
President and Chief Executive Officer
(403) 984-3917 or Direct Line (587) 228-7070
leonard@qxp-petro.com
www.qxp-petro.com

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