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Questfire Energy Releases 2Q Financial, Production Results

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August 21, 2012

Questfire Energy Corp. (TSX VENTURE:Q.A) (TSX VENTURE:Q.B) announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis for the three month and six month periods ended June 30, 2012.

Second Quarter 2012 Corporate Highlights

• Averaged 69 boepd (93 percent natural gas) with low operating and transportation costs of $9.07/boe and an average royalty rate of 13%.

 Added 6 sections (3,840 acres) of land bringing the Corporation's land base to 29 sections (18,535 acres) all at 100 percent working interest.

• Raised $1,510,000 ...

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