NQ Exploration Inc.: Settlement of Debt with Societe de Developpement de la Baie-James

NQ Exploration Inc. ("NQ") (TSX VENTURE:NQE) is pleased to announce that it has
arrived at a settlement of its debt with Societe de developpement de la
Baie-James ('"SDBJ"), subject to TSX Venture Exchange approval. 


NQ will issue 240,000 common shares at a deemed price of $0.05 per share to
Societe de developpement de la Baie-James ('"SDBJ"), representing the $12,000 in
interest due as of December 29, 2012, pursuant to the private placement of a
$200,000 unsecured convertible debenture to SDBJ on December 29, 2011. The
debenture bears interest at the rate of 12% per annum, payable semi-annually
either in cash or in shares.


The Company wishes to settle this interest in full through the issuance of
240,000 common shares at a price of $0.05 per share.


ABOUT NQ EXPLORATION INC.

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Grondin
President and Chief Executive Officer
Telephone: [phone]
www.explorationnq.com