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Quepasa Sets Third Quarter 2011 Conference Call for Monday, November 14 at 4:30 p.m. ET

(October 31, 2011)

WEST PALM BEACH, FL -- (Marketwire) -- 10/31/11 -- Quepasa Corporation (NYSE Amex: QPSA) - Social media technology company Quepasa Corporation (NYSE Amex: QPSA), owner of popular Latino online social network and cross-platform social game development studio Quepasa Games, today announced management will host a conference call on Monday, November 14, 2011 at 4:30 p.m. ET to discuss details and answer questions about the company's third quarter 2011 financial results ended September 30, 2011.

Financial results will be issued in a press release prior to the call, which will be hosted by Quepasa's CEO John C. Abbott and CFO Mike Matte. If our shareholders approve the share issuance to myYearbook security holders at our special meeting scheduled for November 9, 2011 and we are able to close our merger with myYearbook on November 10 as planned, myYearbook's CEO Geoff Cook and CFO Jim Bugden will join Messrs. Abbott and Matte on the earnings call, to share the myYearbook results for the quarter ended September 30, 2011.

Date: Monday, November 14, 2011
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-Free Dial-In Number: 1-877-941-2069
Toll/International: 1-480-629-9713

To access the simultaneous webcast go to:
or visit the Investors section on the company's website at

Please call the telephone number or log into the webcast at least 5-10 minutes prior to the start time. You will be asked to register your name and organization. If you have any difficulty connecting with the call or webcast, please contact VP of Capital Markets and Investor Relations, Brian Harvey at 310-801-1719.

A replay of the call will be available after 7:30 p.m. ET on the same day and until 11:59 p.m. ET December 14, 2011.

Toll-free replay number: 1-877-870-5176
International replay number: 1-858-384-5517
Replay pin number: 4483351

About Quepasa Corporation
Quepasa Corporation (NYSE Amex: QPSA) is a social media technology company focused on Latin audiences worldwide. Quepasa owns and operates, a leading social networking website, Quepasa Games, a social gaming studio, and Quepasa Contests, a cross platform social media advertising solution. Quepasa brings the best of the social web to over 40 million global users, inviting them to play, flirt and win through fun and distinctly Latin online experiences. Quepasa is headquartered in West Palm Beach, Florida with offices in Los Angeles, California, Hermosillo, Mexico, and Curitiba, Brazil. For more information about the company, go to

Cautionary Note Regarding Forward Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the scheduled closing of the merger.

All statements other than statements of historical facts contained herein, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

Important factors that could cause actual results to differ from those in the forward-looking statements include unanticipated events which cause the merger to be terminated (although as of the date of press this release our shareholders have overwhelmingly voted in favor of the issuance of the 17 million shares). Further information on our risk factors is contained in our filings with the SEC, including the Prospectus dated October 6, 2011 and the Form S-4 filed on October 4, 2011. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Company Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
Follow us at StockTwits or Twitter under QuepasaCorp

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