LAVAL, QUEBEC--(Marketwired - Jan 9, 2015) - NQ Exploration Inc. ("NQ") (TSX VENTURE:NQE) is pleased to announce that it has arrived at a settlement of its debt with Société de développement 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, 2014, 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.