NQ Exploration Inc

NQ Exploration Inc.’s main assets consist of a portfolio of 15 mining properties in the James Bay area, including 10 acquired from Everton Resources Inc. (TSX Venture Exchange: EVR) and five from the Societe de developpement de la Baie-James (SDBJ).

Exploration NQ inc. (TSX Venture Exchange TSX : NQE) is a mining exploration company incorporated in 2007.

Its main assets consist of 11 mining properties located in the Abitibi (6) and in the James Bay territory (5).  Its main exploration effort is centered on the mining districts of the former Selbaie mine and Lac Shortt mine.

In the Selbaie mine district, NQ owns the Carheil (100% NQ) and Brouillan West properties (option to earn a 50% interest).  These projects are located directly to the south and west of the former Selbaie Mine which produced 53 MT at grades of 1.0 % Cu, 1.9 % Zn, 41 g/t Ag et 0.6 g/t Au.  The Carheil property hosts the Northeast polymetallic showing which exhibits a typical Selbaie type geological environment.  Ore grade intercepts have been returned in 2009 and 2010 from the top of a felsic unit overlying the Selbaie mine volcanic stratigraphy.  NQ controls close to 8 km of strike of this little explored and highly favourable stratigraphy.  A 5,000 m definition drilling program will be carried out on the Northeast showing during the winter of 2011.

The second main area of interest of the company consists of 4 mining properties located in the mining district of the former gold producer, the Lac Shortt mine (2,6 MT @ 4,7 g/t Au).  The company holds a 100 % interest in the Gand Property (directly east of the Lac Shortt mine) and Opawica Property (south-west of the Lac Shortt mine).  It also owns the option to earn a 100% interest in the former Lac Shortt mine Property and an option to earn a 50% interest in the La Roncière property located directly to the east of Gand and along the Guercheville – Opawica deformation zone.  NQ controls approximately 12 km of this highly prospective gold bearing structure which hosts the Joe Man mine in its eastern extremity.  The company is currently compiling old technical data on these projects.  Drilling of the best targets is scheduled for the summer of 2011.

The company has assembled a highly qualified and experienced management and exploration team.  This team is actively working to enhance the value of the properties by focussing its exploration effort on the most promising mineralized and altered targets.

Partnership with local communities and industry leaders will be at the heart of our business and growth strategy.

NQ Exploration Inc. is aiming to rapidly establish itself as a significant player on the Quebec and Canadian mining scene by mobilizing the financial and human resources required to acquire, explore, develop and, if warranted, put into production mining properties with gold and base metal potential, for the benefit of its shareholders and other stakeholders.

Morand
The Morand property lies in the James Bay region of Quebec, about 72 km west of Radisson and immediately north of the La Grande river. The property consists of 177 contiguous map-designated claims covering a total area of 89.91 km2.  It is wholly-owned by NQ Exploration Inc. and is subject to a 2% NSR royalty. [READ MORE]

Duncan
The Duncan project lies in the James Bay region of Quebec, about 35 km south of Radisson. It consists of 229 map-designated claims grouped into two blocks lying on either side of the James-Bay road and covering a total area of 116.8 km2. The claims are wholly-owned by NQ Exploration Inc., with some subject to a 2% NSR royalty. [READ MORE]

Starlake
The Star Lake property lies in the James Bay region of Quebec, 120 km southeast of Radisson. The property consists of 217 contiguous map-designated claims covering a total area of 112.15 km2. It is wholly-owned by NQ Exploration Inc. [READ MORE]

Aylmer
The Aylmer property lies in the James Bay region of northern Quebec. It consists of 12 map-designated claims covering a total area of 6.3 km2. It is wholly-owned by NQ Exploration Inc. and is subject to a 2% NSR royalty. [READ MORE]

Pine Hill Nord
The Pine Hill Nord property lies to the north of the LG-3 reservoir in the James Bay region of Quebec, about 150 km east of Radisson. The property consists of 85 contiguous map-designated claims covering a total area of 42.85 km2.  It is wholly-owned by NQ Exploration Inc. and is subject to a 2% NSR royalty. [READ MORE]

Pine Hill
The Pine Hill property lies north of the LG-3 reservoir in the James Bay region of Quebec, about 135 kilometers east of Radisson. The property consists of 68 contiguous map-designated claims covering a total area of 34.45 km2.  It is wholly-owned by NQ Exploration Inc. and is not subject to any royalties. [READ MORE]

Le Moyne
The Le Moyne property lies 35 km south of the La Grande river in the James Bay region of Quebec. The property consists of 40 map-designated claims covering a total area of 20.6 km2. It is wholly-owned by NQ Exploration Inc., and half the claims are subject to a 2% NSR royalty. [READ MORE]

Candlestick
The Candlestick property lies 35 km south of the La Grande river in the James Bay region of northern Quebec. The property consists of 90 map-designated claims covering a total area of 46.6 km2.  It is wholly-owned by NQ Exploration Inc. and is subject to a 2% NSR royalty. [READ MORE]

Conviac
The Conviac property is located in the James Bay region of Quebec, 22 km north of the Eastmain river and about 275 km north of Chibougamau. The property consists of 198 map-designated claims covering a total area of 104.1 km2. It is wholly-owned by NQ Exploration Inc. [READ MORE]

Eastmain Nord
The Eastmain Nord property lies in the James Bay region of Quebec, about 250 km north of Chibougamau. The property consists of 131 map-designated claims covering a total area of 69.1 km2.  It is wholly-owned by NQ Exploration Inc., with 24 claims subject to a 1% NSR royalty. [READ MORE]

Carheil
The Carheil property lies north of the Abitibi region in Brouillan Township, about 5 km southwest of the old Selbaie mine (Rio Algom Limited, historical production of 53 million tonnes grading an average of 0.96% copper, 1.90% zinc, 40.7 g/t silver and 0.58 g/t gold), in similar geological units, on the southern flank of an anticline that lies between the property and the Selbaie mine (see regional geology figure). It consists of 32 contiguous claims covering a total area of 512 hectares. NQ Exploration Inc. has owned the property outright since August 2008. The property is not subject to any third-party royalties. [READ MORE]

Themines
NQ Exploration Inc. has a non-contributing 5% interest in this property, where the majority partner, Maudore Minerals Ltd., is the project operator. The Themines property lies southeast of Matagami near Lebel-sur-Quevillon, in an area covered by the James Bay Agreement.

Rapides des Cedres
Exploration NQ Inc. has minority interests or simply a royalty on this property, where the partners or majority interest holders are the project operator. The property lies in the Chibougamau-Chapais area of the James Bay territory.

Gand1
The Gand I property lies in the James Bay region, about 25 km northeast of Desmaraisville, in the Chibougamau mining district. The property consists of 76 contiguous claims in Gand and Lesperance townships covering a total area of 12.55 km2. It is wholly-owned by NQ Exploration Inc. [READ MORE]

Opawica
Since May 2009, NQ Exploration Inc. has held a 100% interest in the Opawica property in Lesperance Township, 80 km southwest of Chapais, in the territory covered by the James Bay agreement. This property consists of 24 contiguous claims covering a total area of 384 hectares. The interests of Kinross Gold Corporation and Inmet Mining Corporation were acquired in consideration of a 1% royalty, half of which can be bought back for US $750,000. [READ MORE]

David Grondin - President, Chief Executive Officer and director

Mr. Grondin is an independent consultant in administration and corporate finance since 2000.  He graduated with a Bachelor in Business Administration from Hautes Etudes Commerciales (HEC) in 2002.  From 1997 until 2000, he was a financial analyst with CTI Capital Inc.

Jean Rainville - Chief Financial Officer

Mr. Rainville is a consultant in management, administration and finance for mining companies. He holds a bachelor in engineering, mining and metallurgy and a bachelor in Commerce from McGill University.  He has 30 years of experience both in Canada and at the international level in project valuation, administration and financing of public companies. 

Alexander Banks - Director

Mr. Banks is the head trader at CFT Financials, a proprietary trading firm.  He is a candidate for CFA (certified financial analyst) certification in June 2011, and has a bachelor’s degree in finance and accounting from the John Molson School of Business (Concordia University).

Christian Perrier - Director

Mr. Perrier is president of PCI Inc.  He graduated with a Bachelor in aeronautical engineering from Ecole Polytechnique de Montreal in 1995 and with an MBA from HEC in Montreal in 2002.  He is a member of l’Ordre des Ingénieurs du Québec since 1995.   Mr. Perrier has been active in the fields of automation and industrial computers since that time.  Mr. Perrier has been project manager in numerous countries (US, South Africa, Korea, France and Mexico).  He is the founder and has been president of PCI inc. since 2001.

Pierre Folco - Director

Mr. Folco is the portfolio manager with the Société de Développement de la Baie-James (SDBJ) since November 2006.  He holds a bachelor in geography (1982) and a bachelor in geology (1984) from Université du Quebec in Montreal.  He has worked for SOQUEM as a project manager from 1992 to 2002 and then district manager in Chibougamau from 2003 to 2006.

Alain Champoux - Director

Mr. Champoux is the President of BJC Capital Inc., a consulting firm that provides business management, financing and disposition services. He is also presently the Executive Vice President and a shareholder of Energere Inc., a company specialized in energy savings.  He is a member of Quebec Bar (1995) and has an MBA degree (1997). 

Pierre O'Dowd - Vice President, Exploration

Mr. O’Dowd graduated from Université de Montréal in 1978 with a bachelor’s degree in geology. He is a member of the Ordre des Géologues du Québec, and has over 32 years of experience in mining exploration. He has contributed to many discoveries and mine developments in Canada and elsewhere in the world, for such companies as Soquem, Falconbridge Copper, Noranda, Breakwater Resources and Cambior, as well as many junior exploration companies.  He was a research geologist with Noranda in Chile, and has consulted on advanced gold, copper and silver projects in South America and Mexico. Having worked in many areas of the world over the past 18 years, he is familiar with many favourable geological settings for economic discoveries. 

Guy Parent - 

Mr. Parent has 27 years of experience in mine exploration and development. He is a graduate of Université de Montréal, where he earned a bachelor’s degree in geology in 1985. He was President and Chief Executive Officer of Radisson Mining Resources Inc. from 1996 to 2003. He has acted a chief geologist on underground gold mining projects. He has also worked as a consultant, and has been involved in gold, base metals, graphite and chrome projects, primarily in Quebec. He was actively involved in the assessment and drilling of the Francoeur project for Richmont Mines Inc., which led to the opening of the gold mine in 1986. He also made a key contribution to the structural understanding of the gold zones at the Duquesne project belonging to Radisson Mining Resources Inc. Mr. Parent was involved for many years in the Québec Mineral Exploration Association (formerly the Quebec Prospectors Association) as a director and as President from 1998 to 2000. Mr. Parent is a member of the Ordre des Géologues du Québec.

Capital Structure:
31,755,403

Options:
1,570,000 at a price of $0.15
750,000 at a price of $0.20
1,275,000 at a price of $0.25

Warrants:
1,026,358 at a price of $0.20
1,700,000 at a price of $0.35