NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

October 05, 2011 11:09 ET

NQ Appoints Robert Ayotte as its Chief Financial Officer

LAVAL, QUEBEC--(Marketwire - Oct. 5, 2011) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce that Robert Ayotte has been appointed as the Company's Chief Financial Officer to replace Jean Rainville.

Robert Ayotte has been involved in the mining industry since 1975. During the course of his career, Mr. Ayotte gained considerable experience in public company management, public markets and financial services, as well as administration and accounting. He also acted as vice president, corporate finance for two Canadian brokerage firms. He has a bachelor's degree in business administration from Université du Québec à Trois-Rivières.

Mr. Ayotte will receive 200,000 options, each giving its holder the right to purchase one share of the Company for $0.10. The options are valid for a five-year period. Any shares purchased are subject to a four-month hold period.

We also regret to announce the departure of Jean Rainville, who held the position of Chief Financial Officer. Mr. Grondin thanks Mr. Rainville for his efforts, and wishes him every success in his future 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 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.

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