NQ EXPLORATION INC.
TSX VENTURE : NQE

NQ EXPLORATION INC.

September 21, 2011 07:30 ET

NQ Intersects 210.0 g/t Ag Over 9.0 Metres at Its Carheil Project

LAVAL, QUEBEC--(Marketwire - Sept. 21, 2011) - NQ Exploration Inc. (TSX VENTURE:NQE) is pleased to report more results from the summer drilling program at its Carheil project (100% NQ). The fourth hole (CA2011-021) intersected the Ag1 zone at a vertical depth of 295 metres, and confirmed the strength of the mineralized zone at this depth. The zone was intersected over 36 metres at a grade of 85.3 g/t Ag, with a higher-grade zone of 210.0 g/t Ag and 0.80% Zn over 9.0 metres.

Furthermore, the zinc grade in the following 75 metres of the hole is high, at 0.57% Zn, with an enrichment zone of 1.46 % Zn and 19 g/t Ag over 4.5 metres. As in Hole CA2011-018 released in August, a copper zone was also intercepted, returning 1.79% Cu, 0.11% Zn and 15.2 g/t Ag over 3 metres.

Results have also been received for Hole CA2011-019, which intercepted the zone near surface. The results appear to indicate that this is an area of localized weakness in the zone, with the hole intersecting two low-grade zones. These are shown in the table below, along with the results for Hole CA2011-021:

Hole From To Length(1) Cu Zn Ag Au Zone
m M M % % g/t g/t
CA2011-019 54.0 61.5 7.5 0.28 27.3 Ag1aa
78.0 84.0 6.0 0.79 19.5 Ag1
CA2011-021 275.2 277.7 2.5 14.7 Ag1aa
283.5 319.5 36.0 0.34 85.3 Ag1
including 310.5 319.5 9.0 0.80 210.0 Ag1
including 318.0 319.5 1.5 1.88 571.0 0.81 Ag1
337.5 412.5 75.0 0.57 5.0 Zinc
including 355.5 360.0 4.5 1.46 19.0
427.5 430.5 3.0 1.79 0.11 15.2 Copper

(1) The lengths shown are core lengths. On the basis of current information, true widths would be 75 to 85% of these lengths. )

We are very encouraged by the results of Hole CA2011-021, which confirm a high-grade, plurimetric-sized zone within a decametric envelope of lower-grade silver mineralization. In a production scenario, this characteristic would result in relatively high-grade dilution. Furthermore, should silver prices rise, the stopes could be modified to add significant tonnage by extracting some or all of the mineralized envelope. We are therefore in the presence of a deposit that offers a high degree of mining flexibility.

A total of 15 holes totalling 4,700 metres have been drilled to date to test this silver-bearing zone at vertical depths of between 50 and 600 metres. To date, results have only been received for three holes. Drilling is ongoing.

Assays were performed by the ALS Chemex laboratory in Val-d'Or. All samples are assayed using two methods: 1 – for gold, first by fire assay with an FA-AA23 finish, then for results over 1 g/t rerun by fire assay with AU-GRA21 gravity finish; 2 – for 35 elements using multi-acid ICP (ME-ICP61), then for results over 150 ppm silver rerun using fire assay Ag-GRA21, and/or over 10,000 ppm Cu/Mo/Pb/Zn rerun using the ore grade method (OG46) with aqua regia digestion and ICP-AES finish. Due to the exceptionally high number of samples awaiting laboratory testing, assay delivery times have temporarily risen to over 50 days.

Pierre O'Dowd, geologist and Vice President, Exploration of NQ Exploration, has reviewed the technical content of this press release. Mr. O'Dowd is a qualified person under Regulation 43-101 respecting standards of disclosure for mineral 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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