NQ Exploration Inc.

NQ Exploration Inc.

April 24, 2009 14:56 ET

NQ Exploration Makes Changes to its Option Plan

LAVAL, QUEBEC--(Marketwire - April 24, 2009) - NQ Exploration Inc. (TSX VENTURE:NQE) reports that it has changed its option plan (the "Plan") to increase the number of shares reserved for issuance by 3,845,000 and to extend the exercise period for options held by senior executives to a maximum of 12 months in the event of termination of employment due to a change in control. A total of 5,470,000 shares are now issuable under the Plan. This change has been ratified by the disinterested shareholders, and is subject to the approval of the TSX Venture Exchange.


NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 15 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.


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.

Neither 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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