Phoenix, AZ–(HISPANIC PR WIRE)–Jan. 8, 2004–“We are pleased with initial business development efforts, as our distribution continues to gain momentum faster than originally anticipated,” said Jeffrey Peterson, Chief Executive Officer and Chairman of the Board of Quepasa Corporation.

ABOUT QUEPASA CORPORATION

U.S. Hispanic Internet users represent the country’s fastest-growing online community.

In business since 1998, Quepasa’s proprietary search results are now featured on leading Hispanic online destinations throughout the U.S. and Latin America. In November, Quepasa announced the deployment of its wholly owned, proprietary search technology.

Quepasa Corporation, the Quepasa Corporation logo, Quepasa.co, Quepasa, and the Quepasa.com logo are registered trademarks of Quepasa Corporation and/or its affiliates in the United States and certain other countries.

Safe Harbor Statement. This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These projections or statements are only predictions. Actual events or results may differ materially from those in the projections or other forward-looking statements set forth herein.

Readers are referred to the documents filed by Quepasa with the SEC, specifically the most recent reports on Form 10-K, 10-Q and 8-K, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.

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CONTACT:

Quepasa Corp.

Jim Dixon, 602-716-0100 ext 229