Bidding Instructions for Quepasa.com And/Or Its Assets and Subsidiaries.

Business Editors

PHOENIX--(BUSINESS WIRE)--Jan. 12, 2001

Quepasa.com (Nasdaq: PASA), the premier online community for U.S. Hispanics, today presents its instructions on how to submit an offer to purchase Quepasa and/or its assets or subsidiaries.

Quepasa has previously announced its intention to sell the company and more recently announced its intention to sell all of its assets in a press release dated December 27, 2000.

Quepasa will consider all offers, however, preference will be given to potential purchasers that offer the highest price and those offers that will use cash, without contingencies, financing or otherwise, as the form of consideration to complete a transaction. The Company is being offered as follows:

1.       Quepasa.com with all assets and subsidiaries intact
2.       Quepasa website/portal business, without the subsidiaries
3.       Quepasa.com name and URL
4.       Registered users
5.       Real Estate Espanol
6.       eTrato.com
7.       Credito.com
8.       Furniture, Fixtures, Equipment (including computers,
         servers, etc.), and other domain names

      Each submission should address each of the items listed below and
should include any additional information that you deem relevant or
material to a transaction.

(a)      Purchase price, form of consideration and ability to pay the
         purchase price upon closing;

(b)      Description of the strategic fit;

(c)      Description of due diligence to be requested; and

(d)      Description of the nature and timing of the approval
         process (both internal and external) required to
         consummate a transaction, including: shareholder, board or
         other approvals. Please include the internal approval
         process achieved to date and a description of the internal
         processes required to execute a definitive purchase
         agreement.

Please note that a transaction involving the purchase of the entire company or a substantial portion of its assets will require approval by Quepasa's shareholders.

Bidding instructions are also available on the Quepasa.com website (www.quepasa.com/press_release.html). The bidding process will begin immediately and will close on Tuesday, January 30, 2001 at 5:00 p.m. MST. All bids must be submitted in written form and sent to the following address by overnight or regular mail:

                              Quepasa.com
                          Liquidation Center
                           400 E. Van Buren
                           Phoenix, AZ 85004

Bids may be sent by facsimile to [phone], but original copies must be received by the bid due date. Bids will be held in strict confidence. Any modification or cancellation of a bid must be submitted in written form. Based upon the offers received, we will select one or more parties with whom to complete a transaction.

If you have questions regarding these bidding instructions, you may call [phone] extension 285, and we will respond to you as quickly as possible.

About quepasa.com: Quepasa.com provides the rapidly growing U.S. Hispanic market with information and interactive content available in both Spanish and English. The site was founded in 1998 and includes a search engine, free e-mail, Spanish-language news feeds, chat rooms, maps and message boards.

The statements in this press release regarding future performance and growth are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those set forth in quepasa.com's documents filed the Securities and Exchange Commission.