NQ Exploration Acquires 100% of Interest in the Carheil Property

LAVAL, QUEBEC, Aug 05 (MARKET WIRE) --
NQ Exploration Inc. (TSX VENTURE: NQE) is pleased to announce that it now
owns a 100% interest in the nine claims of the Carheil property,
following the acquisition of the 94.74% interest belonging to Rio Algom
Limited ("Rio Algom"), a wholly-owned subsidiary of the BHP Billiton
Group, for $10,000. The property is not subject to any royalties.

When it was incorporated in November 2007, NQ Exploration Inc. acquired
the non-contributing minority interest of Societe de developpement de la
Baie-James ("SDBJ") in the Carheil property in consideration of 103,746
shares of NQ Exploration Inc.

The property lies in Brouillan Township, about 120 km north of La Sarre
and 8 km southwest of BHP Billiton's Selbaie Mines (production of 44
million tonnes grading an average of 1.05% Cu, 1.98% Zn, 32.1 g/t Ag and
0.47 g/t Au). The Carheil property was sporadically explored from 1976 to
1998. A total of 23 diamond drill holes were drilled to test for
copper-zinc and gold deposits, primarily by Rio Algom between 1993 and
1998. Drilling revealed two zones mineralized in zinc and copper
occurring as sphalerite and chalcopyrite in veinlet and disseminated
form, within an altered rhyolite structure. All the mineralization zones
intersected by drilling occur at a shallow depth and remain open. The
best intersections were as follows:

Hole BR76-2 0.43% Cu over 2.44 m
Hole B1096 1.57% Zn over 8 m
Hole B906 3.67% Zn over 2.4 m
Hole B1472 0.17 g/t Au over 3 m in an exhalite

NQ Exploration Inc. opted to acquire the entire Carheil property
because it offers excellent potential for the discovery of volcanogenic
massive sulphide copper-zinc-gold-silver and gold deposits.

About NQ Exploration

NQ Exploration inc. is a new Junior mining exploration company with 23
exploration projects within the James Bay territory in Quebec. NQ
Exploration inc. wants to take advantage of the excellent mineral
potential and the favourable climate of investments in Quebec to target
the discovery of new world-class gold, base metals and uranium deposits.

Forward-looking Statements

This press release may contain forward-looking statements that are
subject to known and unknown risks and uncertainties that could cause
actual results to vary materially from targeted results. Such risks and
uncertainties include those described in NQ Exploration periodic reports
including the management discussion and analysis quarterly reports or in
the filings made by NQ Exploration from time to time with securities
regulatory authorities. NQ Exploration undertakes no obligation to
publicly release the result of any revision of these forward-looking
statements to reflect events or circumstances after the date they are
made or to reflect the occurrence of unanticipated events.

The TSX
Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.

Contacts:
NQ Exploration Inc.
David Grondin
President and chief executive officer
514-206-7727
info@nqexploration.com

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