NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

November 05, 2009 14:32 ET

NQ Exploration Inc.: Shares Issued to Societe de Developpement de la Baie-James

LAVAL, QUEBEC--(Marketwire - Nov. 5, 2009) - NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to TSX Venture Exchange approval, the Company will issue 100,822 common shares at a deemed price of $0.15 per share to Societe de developpement de la Baie-James ('"SDBJ"), representing the $15,123.29 in interest due as of October 31, 2009, pursuant to the private placement of a $200,000 unsecured convertible debenture to SDBJ on April 30, 2009. The debenture bears interest at the rate of 15% per annum, payable semi-annually either in cash or in shares.

$250,000 CONVERTIBLE DEBENTURE FINANCING

In the press release dated September 4, 2009, the conversion period for the debentures should have read 36 months rather than 24 months.

ABOUT NQ EXPLORATION INC.

NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 15 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.

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.

Contact Information

  • NQ Exploration Inc.
    David Grondin
    President and Chief Executive Officer
    514-206-7727
    www.explorationnq.com
    or
    Paradox Public Relations
    Investor Relations, Montreal
    514-341-0408 or 1-866-460-0408
    514-341-1527 (FAX)