LAVAL, QUEBEC — (Marketwire) — 03/16/12 — NQ Exploration Inc. (TSX VENTURE: NQE) announces that, subject to the approval of the TSX Venture Exchange, it will issue 132,446 common shares to each of the Fonds de solidarite FTQ and Sidex Limited Partnership („Sidex“) (264,892 common shares) at a price of $0.056 per share in payment of debenture interest of $7,472.49 (Sidex) and $7,472.49 (Fonds de solidarite FTQ) for a total of $14,944.98 due on March 2, 2012. Interest is payable on debentures issued under the terms of subscription agreements dated September 3, 2009, pursuant to which NQ issued to each of the Fonds de solidarite FTQ and Sidex a convertible $125,000 debenture on which interest is payable semi-annually, either in cash or in common shares of the Company-s capital stock.
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, base metal and uranium 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.
Contacts: David Grondin President and Chief Executive Officer (514) 206-7727
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