Quattro Issues Management Options

CALGARY, ALBERTA–(Marketwired – April 4, 2014) – Quattro Exploration And Production Ltd. (“Quattro” or the “Company“) (TSX VENTURE:QXP) announces the grant of 1,100,000 stock options to certain directors, officers, employees and consultants issued pursuant to the Company’s stock option plan. The options vest over a 2 year period, are exercisable at a price of $0.40 per share and expire on April 3, 2019. The shares issuable upon exercise of the options may not be traded for 4 months and one day from the date of grant.

Quattro also announces a correction to the terms of its previously announced disposition of its Noel, B.C. assets to Nordic Oil & Gas Inc. As a portion of the purchase price, Quattro received 4,000,000 common shares of Nordic (“Nordic Shares“) and 1,000,000 purchase warrants (“Nordic Warrants“) (rather than 4,000,000 purchase warrants as previously announced). Each Nordic Warrant is exercisable into one Nordic Share at a purchase price of $0.05 per share prior to March 16^th, 2016.

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, with an expanding presence in Alberta and BC. Our core low risk production base will provide us the capacity to aggressively pursue 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.