LAVAL, QUEBEC--(Marketwire - May 19, 2011) -NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to TSX Venture Exchange approval, the Company will issue 115,068 common shares at a deemed price of $0.13 per share to Société de développement de la Baie-James ('"SDBJ"), representing the $14,958.90 in interest due as of April 30, 2011, 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.
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, 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:
David Grondin
President and Chief Executive Officer
514-206-7727
www.explorationnq.com