NQE NQ Exploration Inc. (delisted)

NQ Exploration Inc. (the "Corporation") (TSX VENTURE:NQE) is pleased to announce
that it has closed its previously-announced debt settlement transaction. 


The Company has settled $37,487.50 in outstanding indebtedness through the
issuance of 749,750 common shares priced at $0.05 per share and 749,750 warrants
to a creditor. Each warrant entitles its holder to purchase one additional
common share for a five-year period (the "Debt Settlement"). 


The shares issued under the Debt Settlement will be subject to a hold period of
four months and one day from the date of issuance.


ABOUT NQ EXPLORATION INC.

NQ Exploration Inc. is a mining exploration company with a solid portfolio of
mining properties in the James Bay and Abitibi regions of Quebec. NQ Exploration
Inc. is betting on Quebec's excellent mineral potential and favourable
investment climate to produce new world-class gold and base metal deposits. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Grondin
President and Chief Executive Officer
(514) 206-7727
www.explorationnq.com

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