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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1078099	Quepasa Corp	QPSA	Services-Advertising (7310)	860879433

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1378541	Alonso Ancira	C/O Gan, Campos Eliseos No. 29 Colonia Rincon Del Bosque Mexico D.f., Mexico O5 11580		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-12-14	333,333	$7.50	1,333,333	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	16,750	Direct

Footnotes

Mexicans & Americans Trading Together, Inc. ("MATT Inc."), which directly owns the shares of common stock of the Issuer reported herein, is a wholly owned subsidiary of Altos Hornos de Mexico, S.A.B. de C.V. ("AHMSA"). AHMSA may be deemed to beneficially own such shares by virtue of its ownership of MATT Inc. Grupo Acerero del Norte, S.A. de C.V. ("GAN"), of which Alonso Ancira is a shareholder, is the majority shareholder of AHMSA. By virtue of his ownership position in GAN, Mr. Ancira may be deemed to beneficially own such shares. Mr. Ancira hereby disclaims any beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), except to the extent of his pecuniary interest therein as determined in accordance with the Act and the rules adopted thereunder.