NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

July 14, 2010 14:35 ET

NQ Exploration Completes Closing of Private Placement for $210,000

LAVAL, QUEBEC--(Marketwire - July 14, 2010) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce the closing of a private placement with CGE Ressources 2010 s.e.c. for gross proceeds of $210,000. NQ issued 1,750,000 flow-through common shares at a price of $0.12 per share. All securities issued in the offering will be subject to a four (4) month, plus one day hold period from the closing date.

The proceeds of the private placement will be used for general working capital and exploration expenses on its current projects.

ABOUT NQ EXPLORATION INC.

NQ Exploration Inc. is a mining exploration company with a solid portfolio of 16 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.

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