Quaterra Resources Inc.: Quaterra Private Placement Withdrawn, Subscriptions Returned (TSXV: QTA) (OTCQB: QTRRF) (" Quaterra" or the " Company") today announced that due to COVID-19 and general market conditions, the company has withdrawn its previously reported Private Placement. All subscriptions to the offering will be returned. About Quaterra Resources Inc. Quaterra Resources Inc. is a copper-gold exploration company focused on projects with the potential to host large-scale mineral deposits attractive to major mining companies. It is advancing its Yerington copper project in the historic Yerington Copper District, Nevada. It continues to investigate opportunities to acquire prospects in North America on reasonable terms and the partnerships with which to advance them.