NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

August 06, 2008 09:03 ET

NQ Exploration Inc.: Start of an InfiniTEM Survey on Carheil

LAVAL, QUEBEC--(Marketwire - Aug. 6, 2008) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce that an InifiniTEM-type electromagnetic ground survey has just begun on the company's Carheil property in Brouillan Township, 8 km southwest of BHP Billiton's Selbaie Mines (production of 44 million tonnes grading an average of 1.05% Cu, 1.98% Zn, 32.1 g/t Ag and 0.47 g/t Au) and about 120 km north of La Sarre. NQ Exploration Inc. owns a 100% interest in the Carheil property, which is not subject to any royalties.

Following its acquisition of 100% of the property Carheil, NQ Exploration Inc. staked 24 new claims in order to increase the size of the property and cover the entire favourable geological structure.

The Carheil property was sporadically explored from 1976 to 1998. Drilling revealed two zones mineralized in zinc and copper occurring as sphalerite and chalcopyrite in veinlet and disseminated form, within an altered rhyolite structure. All the mineralization zones intersected by drilling occur at a shallow depth and remain open. The best intersections were as follows:



Hole BR76-2 0.43% Cu over 2.44 m

Hole B1096 1.57% Zn over 8 m

Hole B906 3.67% Zn over 2.4 m

Hole B1472 0.17 g/t Au over 3 m in an exhalite


InfiniTEM is a high-penetration ground electromagnetic (EM) survey. The purpose of the survey is to locate EM anomalies at depth, at the contact of or within the altered rhyolite mineralized in copper and zinc. The survey will be conducted on the group of nine claims recently acquired from Rio Algom (see press release dated July 30, 2008) and will cover a distance of 13.2 kilometres of lines.

NQ Exploration Inc. opted to acquire the entire Carheil property because it offers excellent potential for the discovery of volcanogenic massive sulphide copper-zinc-gold-silver and gold deposits.

About NQ Exploration

NQ Exploration inc. is a new Junior mining exploration company with 23 exploration projects within the James Bay territory in Quebec. NQ Exploration inc. wants to take advantage of the excellent mineral potential and the favourable climate of investments in Quebec to target the discovery of new world-class gold, base metals and uranium deposits.

Forward-looking Statements

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in NQ Exploration periodic reports including the management discussion and analysis quarterly reports or in the filings made by NQ Exploration from time to time with securities regulatory authorities. NQ Exploration undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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