QXP

Quattro Exploration And Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the
"Company") is pleased to announce that it has entered into an arms-length
agreement with a private Alberta-based oil and gas exploration and production
company to acquire certain oil and gas interests in eastern Alberta.


The acquisition is comprised of a 100% interest in a package of gas producing
properties, currently producing an aggregate 39 boe/d (of which 4% is natural
gas liquids), and additional associated undeveloped lands in east central
Alberta. The production is supported by stable history over the past 3 years, as
well as further engineering and assessments of previously shut-in wells that are
identified as candidates for re-entry and remediation of up to 110 boe/d of
previously producing production within the acquired lands. The Company believes
the acquired assets, collectively, provide long-term potential to achieve
sustainable production levels in excess of 160 boe/d.


Quattro intends to continue to operate the majority of these assets and will
retain a minority interest in certain compression and processing facilities. The
effective date of the purchase is February 1st, 2013, with the purchase price
being a combination of $200,000 cash and 1,500,000 Class A common shares at a
deemed issue price of $0.25 per share. The acquisition has been valued by the
Company at 30% of its NPV10 value, or approximately $575,000 (plus G.S.T. and
all customary closing adjustments) (the "Acquisition"). The Acquisition remains
subject to the normal regulatory approvals.


In addition to the closing of the Acquisition, Quattro will be pleased to
welcome Jeff Boyd, principle of the vendor under the Acquisition, as Manager of
Operations. A professional engineer with 28 years of experience in the upstream
oil and gas industry in Western Canada, Jeff comes with diverse experience in
production engineering, production operations, acquisition and divestment
evaluations, and management. Leonard Van Betuw, President & CEO of the Company
commented, "Jeff's history speaks for itself, his hands-on approach and his
desire to become a significant equity holder in Quattro provides our
shareholders a great assurance that he is aligned with management's desire to
grow Quattro Exploration and Production Ltd. to the same degree as he
experienced some years ago with the evolution of Canadian Natural Resources Ltd.
(TSX:CNQ) from a small junior into a major producer."


The Company's management and exploration team look forward to Jeff's
contributions and development of our growing and diversified asset base in
Canada. His diversified experience provides a valuable foundation for his
insight into the continued execution of our plans for the previously announced
asset acquisition in east Central Alberta, as well as the development of our
emerging cold flow heavy oil assets in the Wabasca region of Alberta.


Leonard Van Betuw, President & CEO of the Company comments, "We are very pleased
this Acquisition has been concluded and we continue to proceed with a number of
previously announced complementary acquisitions, with the intention of
establishing adequate proven amounts of free cash flow in the first half of 2013
to support its expanding operations domestically and in Guatemala. The location
of this acquisition is very complementary to our current activities and promises
be very synergistic."


Summary of the Acquisition



Production:               39 boe/d Oil and Gas, with greater than 110 boe/d 
                          of shut-in oil and gas                            
Common Metrics:           $10,895 per flowing boe of production             
Proven Reserves:          $3.24 per boe                                     
Facilities:               Established and an operating interest, excess     
                          capacity                                          
Land:                     9,240 net acres; 3,160 acres developed and 6,080  
                          acres undeveloped                                 
Additional Potential:     (i) optimization, (ii) work-over and (iii)        
                          developmental drilling opportunities, with up to  
                          100% interests in the Colony, Sparky, and Upper   
                          Dunvegan, which is the basis for the Company's    
                          determination for the estimated sustainable       
                          production of 160 boe/d.                          



With this Acquisition, Quattro will be adding well-understood and established
production to its organic plans in Central Alberta. In conjunction with the
continued development of its organic business plan for 2013, the Company
continues to advance its relationship with its financial advisor and is well
advanced in its funding plans for its future growth.


This complementary Acquisition, the Company`s engineering and execution of its
organic business plan for 2013, in conjunction with and anticipating the closing
of the previously announced (March 21st, 2013) east central Alberta acquisition
as proposed, along with the cash flow from the established producing assets, now
puts the Company well on track to meet its internal projections of achieving
rates greater than 1,000 boe/d in the quarter ending June 2013 and anticipates
year end 2013 exit production rates in excess of 2,000 boe/d.


The strategy of developing a diversified low risk material growth plan
established in western Canada provides the Company and its shareholders the
certainty that its production base will continue to grow within the context of
its established business plan both in Canada and Central and South America.


About Quattro Exploration and Production Ltd.

Quattro Exploration and Production Ltd. ("QXP") continues to focus on the
conventional exploration and development of oil and natural gas reserves in
Western Canada, primarily in south central Saskatchewan, with an expanding
presence in Alberta. Our core low risk production base will provide us the
capacity to aggressively pursue of a series of high impact exploration and
development efforts in Central and South America. The company intends to balance
this portfolio of activities to assure its shareholders that it 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
Office (403) 984-3917 or Direct Line (587) 228-7070
leonard@qxp-petro.com
www.qxp-petro.com

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