NQ Exploration Inc.: Debt Settlement

NQ Exploration Inc. (the "Corporation") (TSX VENTURE:NQE) today announced that,
subject to the approval of the TSX Venture Exchange, it intends to settle
$37,487.50 in outstanding indebtedness through the issuance to a creditor of
749,750 common shares at a price of $ 0.05 per share and 749,750 warrants, each
warrant entitling to purchase one additional common share for a five-year period
(the "Debt Settlement"). The shares issued under the Debt Settlement will be
subject to a hold period of four months and one day from the date of issuance.


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. 


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.


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