(NEW HOPE, PA) December 19, 2011 — Quepasa Corporation (QPSA : NYSE Amex), the public market leader for social discovery and owner of Latin-American platform Quepasa.com and North-American platform myYearbook, today announced the availability of the myYearbook iPad application on iTunes: http://itunes.apple.com/us/app/myyearbook-meet-new-people/id486934659?ls=1&mt=8. With 350% growth in mobile users in the last 12 months, myYearbook continues its focus on providing the best platform for meeting new people on any device.

"We are happy to be among the first 'Meet New People' applications to launch on the iPad," notes Geoff Cook, myYearbook co-founder, and COO of Quepasa Corporation, the parent company behind myYearbook. "We've just this week reached 500,000 daily mobile users, and we are nearing 200 million mobile sessions per month. Our audience is engaged and enthusiastic about meeting new people, and we believe our iPad app captures the essence of myYearbook — making meeting people fun. It may well be the best way to experience myYearbook on any device."

"A number of our users expect an iPad under the tree this Christmas so it was important for us to get the app out in time," continues Cook. "In fact, three times more users anticipate receiving an iPad this holiday season than already have one, according to a recent survey. We expect a nice holiday bump as a result."

The iPad's larger touch screen, user interface, and multitasking capabilities lets users better manage their profiles and engage with others around them while on-the-go, by updating their status, uploading photos, sending messages and giving virtual gifts. With the new myYearbook app, members can now use their iPad to discover new people nearby with myYearbook's Live Feed of location-based updates, find secret admirers through "Match," and interact and find people with similar interests through "Ask Me."

"We remain 100% focused on building a global brand for meeting new people," notes John Abbott, CEO of Quepasa Corporation. "We look forward to bringing the growing myYearbook mobile platform to a worldwide audience in 2012."

To celebrate myYearbook's iPad launch, the company is giving away an iPad-a-day for the "12 Days of Christmas" to 12 lucky myYearbook members, starting Sunday, December 25, 2011 through Thursday, January 5, 2012.

About Quepasa Corporation

Quepasa Corporation (AMEX: QPSA — News) is the best place to meet new people on the web and mobile device. The Company operates leading social networking services Quepasa.com and myYearbook, as well as Quepasa Games, a cross platform social game development studio. Quepasa.com and myYearbook make meeting new people fun and easy online and on your mobile phone by combining innovative social games, virtual goods, social applications, and a robust virtual currency to facilitate introductions and break the ice. Quepasa has strong reach throughout the world, with a concentration across North and South America. Quepasa is headquartered in New Hope, Pennsylvania with offices throughout the Americas. For more information about the Company, go to www.quepasacorp.com, or join for free at www.Quepasa.com or www.myYearbook.com.

Cautionary Note Concerning 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 momentum and potential to capture a broader audience with the iPad application, the anticipated success of the iPad and the potential positive effects for us, including the potential to expand our user base, and plans to expand our mobile platform to a worldwide audience. All statements other than statements of historical facts contained in this press release, 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 competition with other social discovery applications, acceptance by a global audience of our mobile application, and unanticipated problems our iPad application or the commercial success of the iPad. Further information on our risk factors is contained in our filings with the SEC, including the Form S-3 filed on November 18, 2011 and our Form 10-K for the year ended December 31, 2010. Any forward-looking statement made by us in this press release 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.

Press Contact:
Tammy Chan
Atomic PR
212.699.3646
tammy@atomicpr.com

Investor Contact:
E. Brian Harvey
Vice President of Capital Markets and Investor Relations
Quepasa Corporation
(310) 801-1719
brian.harvey@quepasacorp.com
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