NQ Exploration Sells its Star Lake Property

NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce that it has signed
an agreement to sell its interest in the Star Lake property, located in the
James Bay area of Quebec, 120 km southeast of the town of Radisson. The property
consists of 89 contiguous map-designated claims that cover a total area of 46.01
km2. The Company owns an undivided interest of 61.33% in the said property and,
subject to certain conditions, the property may be subject to a net smelter
return of 2%, the half of which may be refund by the Company for an amount of
$1,000,000. 


The Star Lake property has been sold to Minerva Financial Corporation, a private
company, in consideration of 2,000,000 class "A" shares of the private company
valued at $0.10 per share, for a transaction value of $200,000. The transaction
is subject to the approval of the Boards of Directors of both companies and
conditional to the approval of the TSX Venture Exchange.


Star Lake is a grassroots prospect with U, Cu and Au potential. It lies in the
Opinaca metasedimentary geological subprovince, which is part of the Superior
province. The region is dominated by Archean biotite migmatites and biotite
paragneiss (metamorphosed sediments) of the Laguiche Group. The property lies
about 50 km north of Goldcorp's Eleonore gold project, where the mineralization
is hosted by the Laguiche Group.


The Lac Marjolet uranium showing was discovered in the 1970s. At that time,
grades of 0.18% U3O8 and 0.072% ThO2 were obtained in pegmatites at the centre
of the property. Lake-bottom sediments also returned anomalous gold values.
Various geochemical, geophysical and geological surveys carried out between 2005
and 2008 confirmed the presence of uranium-bearing pegmatite fields 500 to 3,000
metres long by 200 to 400 metres wide along a 10-kilometre corridor. The target
metallogenic model is that of the Rossing mine in Namibia (high tonnage, low
grade). However, the discovery of a major fault on the property indicates that
the property may also have potential for an Athabaska Basin and Otish Mountain
type environment (high-grade uranium associated with a geological
discontinuity).


Pierre O'Dowd, geologist and Vice President, Exploration of NQ Exploration, has
reviewed the technical content of this press release. Mr. O'Dowd is a qualified
person under Regulation 43-101 respecting standards of disclosure for mineral
projects.


ABOUT NQ EXPLORATION INC. 

NQ Exploration Inc. is a mining exploration company with a solid portfolio of 11
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, base metal and uranium
deposits.

NQ Exploration Inc. (TSXV:NQE)
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