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 240,658 common shares at a deemed price of $0.05 per share to
SDBJ, representing the $12,032.88 in interest due as of December 29, 2013,
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.


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