Queenston Mining Intersects 14.0 g/t Gold at Upper Beaver

Queenston Mining (TSX:QMI, FWB:QMI) announced drill results from 33 surface diamond drill holes completed at the Upper Beaver property. Drill results are continuing to show an extension to the Porphyry Zone eastward towards the surface.

Highlights from the drill program include intersections of:

• 231.4 g/t Au with 0.3% Cu over 2.0 m and 14.0 g/t Au with 1.4% Cu over 10.0 m (UB12-161W8) West Porphyry Zone
• 9.8 g/t Au with 0.1% Cu over 20.0 m (UB12-75W3) East Porphyry Zone
• 39.1 g/t Au over 5.0 m and 26.5 g/t Au over 4.0 m (UB12-210W2) East Porphyry Zone
• 30.5 g/t Au with 0.6% Cu over 4.0 m (UB12-75W2) East Porphyry Zone
• 56.6 g/t Au with 2.9% Cu over 2.0 m (UB12-200W5) East Porphyry Zone
• 12.2 g/t Au with 0.2% Cu over 6.0 m (UB12-247W2) Q Zone
• 43.5 g/t Au over 1.0 m and 9.3 g/t Au over 4.0 m (UB12-236) East Porphyry Zone
• 28.6 g/t Au over 3.0 m (UB12-249) New Zone
• 6.2 g/t Au over 8.0 m (UB12-222W3) Footwall Zone
• 4.8 g/t Au with 0.2% Cu over 20.0 m (UB12-225W3) Footwall Zone
• 8.1 g/t Au with 0.6% Cu over 6.0 m (UB12-247) Q Zone
• 7.4 g/t Au over 5.0 m (UB12-243) East Porphyry Zone
• 93.5 g/t Au over 1.1 m (UB12-238) East Porphyry Zone
• 2.2 g/t Au with 0.7% Cu over 43.4 m (UB12-247W1) Q Zone

We continue to be impressed with the high-grade nature, width and continuity of the mineralization within the core of the deposit as well as the expanding footprint of this large gold-copper system. The deposit remains open not only to depth but also both east and west. Six drills continue to operate at Upper Beaver as we advance the project towards underground exploration and feasibility. On site we have excavated to bedrock and are preparing to drill-blast the shaft collar in preparation for sinking the 1,300 metre deep, circular shaft beginning next summer. In addition to the completion of detailed engineering of the head frame, hoist house and transformer station, we have also committed to the manufacturing for three new hoists. Road improvements and power line installation will continue throughout the fall and into the winter.