Quaterra Resources Inc. announced that Gerald Prosalendis, current President and COO of the company, has been named President and Chief Executive Officer, effective July 1, 2019. To accommodate this appointment, Thomas Patton will resign as CEO while retaining the position of Chairman of the Board of Directors. Mr. Prosalendis has been involved in decision-making at a senior level for 30 years across a variety of business sectors, and for the last two decades has focused on mineral exploration and development.

He has been an integral part of Quaterra's recent strategic developments including the agreement with Atlantic Richfield Company facilitating a solution to long-standing environmental issues at the company's Nevada-based Yerington project, and the sale of certain water rights for $6.02 million. Mr. Patton will continue to play an active role in the company focused on exploration endeavors and will work closely with the company's Board of Directors and CEO in developing and implementing the company's strategy.