NQE NQ Exploration Inc. (delisted)

NQ Exploration Inc. (TSX VENTURE:NQE) announces that, subject to the approval of
the TSX Venture Exchange, it will issue 301,640 common shares to each of the
Fonds de solidarite FTQ and Sidex Limited Partnership ("Sidex") (150,820 common
shares) at a price of $0.05 per share in payment of debenture interest of
$7,540.98 (Sidex) and $7,540.98 (Fonds de solidarite FTQ) for a total of
$15,081.96 due on September 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. 


NQ Exploration also announces an amendment to the debt settlement with Societe
de developpement de la Baie-James ("SDBJ") announced on July 17, 2012.


NQ Exploration will issued to SDBJ 241,320 common shares at a price of $0.05 per
share in payment of interest accrued on the $200,000 convertible debenture
issued on December 29, 2011, aggregating $12,066 and due as of June 29, 2012.
The price per share of $0.05 represents the minimum allowed under the policies
of the TSX Venture Exchange. 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 Abitibi and James Bay regions of Quebec. The Company is
betting on Quebec's excellent mineral potential and favourable investment
climate to produce new world-class gold, silver and base metal deposits.

NQ Exploration Inc. (TSXV:NQE)
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