NQ Exploration Closes a Private Placement for $100,000

NQ Exploration Inc. (TSX VENTURE:NQE) announce that it has closed a non-brokered
private placement for a total of $100,000, details are as follows: 




--  Private placement of common shares
    
    1,538,462 common share units priced at $0.065 per unit for gross
    proceeds of $100,000. Each unit consists of one common share and one
    half warrant entitling its holder to purchase one common share of the
    Company for $0.10 for a period of 24 months.



No member of the pro group and no insider of the Company participated in the
private placement. 


All the securities issued pursuant to the private placements are subject to a
mandatory hold period of four months following the closing date. 


The Company will use the proceeds of the private placements for working capital
purposes.


ABOUT NQ EXPLORATION INC. 

NQ Exploration Inc. is a mining exploration company with a solid portfolio of 10
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.