NQ Exploration Inc.
TSX VENTURE : NQE

NQ Exploration Inc.

July 07, 2009 09:25 ET

NQ Exploration Inc.: Appointment of Alain Champoux as a Director and Signature of an Investor Relations Agreement

LAVAL, QUEBEC--(Marketwire - July 7, 2009) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to announce the appointment of Alain Champoux to its Board of Directors and the signature of an investor relations agreement.

Mr. Champoux is the President of BJC Capital Inc., a consulting firm that provides business management, financing and disposition services. He is also presently the Executive Vice President and a shareholder of Energere Inc., a company specialized in energy savings. He is a member of Quebec Bar (1995) and has an MBA degree (1997).

NQ Exploration Inc. has also signed an agreement with Paradox Public Relations Inc., an independent firm that will provide the Company with investor relations advice. The agreement covers a six-month period at a monthly fee of $4,000. The firm will also receive 300,000 stock options to purchase the same number of common shares of NQ Exploration Inc. at $0.15 each for a two-year period.

The Company has also granted an additional 500,000 stock options. Mr. Champoux will receive 250,000 options as a director, and Indy Kullar, a consultant, will receive 250,000 options of the Company. Each option entitles its holder to purchase one share of the Company at $0.15 for a five-year period. The shares are subject to a four-month hold period.

The above-mentioned transactions are subject to the approval of the TSX Venture Exchange.

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 region 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.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements subject to risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events may differ considerably from those anticipated by such statements. Such risks and uncertainties are described in the quarterly management discussions and analyses and documents filed with regulatory authorities by NQ Exploration Inc. NQ Exploration Inc. does not undertake to publicly update or revise forward-looking statements on the basis of new information or future events or for any other reason.

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

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