David Grondin B.A.A.

President & CEOJuly 2011

NQETSX VENTURE EXCHANGE

CORPORATE PRESENTATION

This presentation 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.

FORWARD LOOKING STATEMENT

David Grondin President and CEO, Director

Jean Rainville Chief financial officer

Pierre O’Dowd VP exploration

Guy Parent Director of exploration

Alexander Banks Director

Christian Perrier Director

Alain Champoux Director

Pierre Folco Director

Michel Gauthier Technical advisory board

DIRECTORS AND MANAGEMENT

Exploration NQ Inc. Outstanding shares 64 867 066

Under escrow and institutional holding 42 349 533

Float 22 517 533

Options 3 920 000

Warrants 21 203 395

Fully diluted 89 990 461

CAPITAL STRUCTURE

Institutions and Funds holding more than 43% of the company

SIDEXSODEMEXFSTQFSTQ Nord du QuébecSDBJ (Société de Développement de la Baie James)

STRONG INSTITUTIONNAL SUPPORT

SILVER PROJECTS

CARHEIL REGIONAL GEOLOGY

Detour Gold

OWNERSHIP IN THE CARHEIL PROJECT AREA

CARHEIL BROUILLAN GEOLOGY

Nordest Showing

CARHEIL AND BROUILLAN PROPERTIES

• Definition drilling on the Nordest showing ( 6000 m for the summer, up to 15 000 m next winter)

• One of the largest land holding in the Selbaie mine district

• Richest silver discovery in Quebec (100% NQ)

• Definition drilling on the Nordest showing

• 8 km of the favorable stratigraphy

• Other poorly explored prospective horizons

• OBJECTIVE: First NI compliant 43-101 resources estimate (winter 2012)

CARHEIL NORDEST SHOWING: Ag1 zone

C CA2009-04: 0.52% Zn, 69.9 g/T Ag over 24.7m including 0.32%Zn, 170.7g/T Ag over 4.5m and 1.53% Zn, 95.5

g/T Ag over 4.5m

CA2009-05: 170.7 g/T Ag over 35.5 metres including 1.58% Zn, 524 g/T Ag over 10.5 m

CA2010-09: 0.66% Zn, 266 g/T Ag over 7.25 m and 0.38% Zn, 296 g/T Ag over 2.45 m

CA2011-14: 231 g/T Ag over 7 metres

CA2011-15: 281 g/T Ag over 6.3 metresOTHER SIGNIFICANT RESULTS

CA2009-01 0.78% Zn over 78.2 mCA2009-02 0.64% Zn, 74.1 g/T Ag over 10.9 mCA2009-07 1.78% Cu,18.5 g/T Ag, 4.78 g/T Au over 1.3mCA2010-09 1.07% Zn, 15.5 g/T Ag, 2.55 g/T Au over 2.0 m

CARHEIL NORDEST 2009-10 RESULTS

Hole From To LengthTrue

Width Zn Ag Au Vertical

# m m m m % g/t g/t Depth

CA2009-01 152.2 157.6 5.4 5 0.08 45.0 0.02 130

  186.16 189.16 3 2.54 1.7 34.2 0.19 159

CA2009-04 199.5 231.2 31.7 19.5 0.43 76.0 0.11 210

including 199.5 205.5 6 3.7 0.4 117.0 0.11 192

 and 213 217.5 4.5 2.8 0.32 170.7 0.08 210

and 226.7 231.2 4.5 2.8 1.53 95.5 0.35 220

CA2009-05 389.5 425 35.5 24.7 0.72 170.7 0.09 395

CA2010-09 567 594 27 22.3 0.45 139.2 0.18 550

640 641.5 1.5 1.2 0.91 20.0 1.49 615

CA2009-02 180 183 3   1.12 49.3 0.09 155

  198.75 205.25 6.5 5 0.83 107.6 0.31 180

CA2009-06 421.5 426 4.5 3.2 0.01 29.0 0.03 406

  510.5 515.7 5.2 3.5 0.49 35.9 0.27 493

CA2009-07 288.14 294 5.86 4.7 0.08 19.0   270

481 485.5 4.5 3.9 0.26 60.3 0.05 450

CARHEIL NORDEST 2011 RESULTS

Hole From To Length Cu Zn Ag Au Vertical Zone

# m m m % % g/t g/t Depth  

CA2011-10 408.35 431 22.65 0.008 0.12 35.7 0.03 407 Ag1 aa

including 408.35 414.5 6.15 0.004 0.15 68.7 0.02 400 Ag1 aa

  437.05 441.4 4.35 0.566 1.60 14.7 0.71 424 Ag1?

CA2011-11 441.1 489.8 48.7 0.01 0.57 17.5 0.06 440 Ag1

including 484.85 489.8 4.95 0.04 .71 89.7 0.27 460 Ag1

511.85 513.2 1.35 0.52 0.60 73.5 0.14 105 Ag2

CA2011-12 484.0 489.45 5.45 16.3 474 Ag1aa

502.4 504.8 2.40 0.56 1.40 21.0 0.25 486 Ag1

509.3 513.45 4.15 0.28 0.86 17.3 0.26 497 Ag1

CA2011-13 505.3 509.3 4.0 15.9 495 Ag1aa

556.7 585.15 28.45 0.53 35.2 0.13 562 Ag1

including 580.0 585.15 5.15 0.69 88.3 0.43 570 Ag1

including 583.5 585.15 1.65 0.93 204.1 1.19 570 Ag1

605.0 619.0 14.0 0.28 20.3 2.06 600 OrAg1

including 605.0 611.2 6.2 0.46 38.8 3.74 600 OrAg1

including 607.6 608.6 1.0 31.7 11.75 600 OrAg1

CARHEIL NORDEST 2011 RESULTS

Hole From to Width Cu Zn Ag Au Zone

  m M m % % g/t g/t  

CA2011-14 312.65 453.5 140.85 0.47 23.4  

incluant 332,00 353.7 21.7 0.62 104.7   Ag1

incluant 341,00 348,00 7.0   0.87 231.7 0.26 Ag1

incluant 346,00 347,00 1.0 0.96 499.0 0.35 Ag1

  366,00 373.9 7.9 1.05 38.8 0.47

incluant 373.2 373.9 0.7 4.44 76.0 4.05

  398.85 399.2 0.35 3.27 3.59 93.3 0.56

  448.1 448.45 0.35 1.42 3.40 500.0 0.31

CA2011-15 447,00 460,00 13,00 0,40 74,00 0,03

incluant 448,95 454,00 5,05 0,39 110,80 0,06

incluant 457,00 460,00 3,00 0,31 102,30 0,02

  473,30 495,70 22,40 0,57 105,40 0,18 Ag1

incluant 484,70 491,00 6,30   0,81 281,10 0,24 Ag1

incluant 486,40 486,85 0,45 1,11 1760,00 0,99 Ag1

  587,00 587,95 0,95 4,19 0,14 25,00 0,29

CARHEIL LONGITUDINAL SECTION

Ag 1 Zone

• Good continuity

• Grades tend to increase with depth

• Open in many directions

CARHEIL LONGITUDINAL SECTION

OrAg 1 Zone

• New discovery

• Gold high grade-11.75 g/t

•Accompanied by Silver and Zinc•OPEN in depth in all directions

CARHEIL CROSS SECTION

High grade Silver and Gold Zones

• In the felsic unit

• Associated with highly silicified and albitized alteration related to the alteration pipe

• Open in many directions.

• Potential for other zones

PRECIOUS METAL PROJECTS

LAC SHORTT REGIONAL GEOLOGY

Chibougamau

Chapais

Joe Mann

Coniagas, Bachelor Lake

Lac Shortt

Montviel, REE

LAC SHORTT DISTRICT GEOLOGY

LAC SHORTT MINING DISTRICT

•12 km of the Opawica – Guercheville DZ

•Land package includes the former Lac Shortt mine

•Several known surface gold occurences to be tested

•Top priorities: Eastern extension of Lac Shortt mine The Mariposite showing

•3,500 m of drilling planned for the summer of 2011

LAC SHORTT GEOLOGY

Drill targets

South Zone, 300 metres south of the shaft, depths between 200 and 400 metres:LSU-1170: 3.4 g/t Au over 7.2 m LSU-828: 7.1 g/t Au over 0.27 mLSU-1275: 6.1 g/t Au over 3.2 m

West Zone, 700 metres southwest of the main zone, along the same gold-bearing structure: 82-40: 3.5 g/t Au over 2.0 m

LSS-85: 4.4 g/t Au over 13.2 m82-44: 3.4 g/t Au s over 4.0 mLSS-58: 3.43 g/t Au over 10.0 m

East Zone, several drill holes with significant grades, 82-51: 4.62 g/t Au over 7.6 m

LSS-83: 11.0 g/t Au over 2.5 mLSS-100: 4.6 g/t Au over 2.9 m

East Extension, about 1.3 kilometres east of the old mine, in a surface hole:LSS-117: 5.2 g/t Au over 1.5 m.

LAC SHORTT PROPERTY

Mariposite Showing

GAND 1 GEOLOGY

Only 3 shallow holes on the Mariposite shear zone:1.0 g/t Au over 13.7 meters (CH-01)

0.2 g/t Au over 33.0 meters (CH-02)

Lake Shortt Fault, best assays in shallow holes:50.3 g/t Au over 0.61 meter (GD-80-04)

6.8 g/t Au over 0.31 meter (GD-80-01)

3.5 g/t Au over 0.61 meter (GD-80-12)

Other showings:3.0 g/t au over 3.85 meters (GD-80-06)

4.8 g/t Au over 3.0 meters (GD-81-38)

8.4 g/t Au over 0.9 meter (GD-80-06)

BEST RESULTS ON GAND 1BEST RESULTS ON GAND 1

LA RONCIÈRE GEOLOGY

Mariposite ShowingEspoir Showing

DDH Grade g/t Au Length (m)46-1 4,45 1,52

46-2 5,10 2,43

46-5 5,13 3,05

46-7 3,21 8,20

46-9 5,15 11,27

46-15 4,87 4,11

81-1 3,95 6,12

86-12 5,97 3,05

86-14 6,94 1,22

GL-3 5,44 1,89

GL-11 5,66 1,98

GL-12 3,20 4,06

GL-16 4,10 3,41

MARIPOSITE SHOWING

Focus on two major prospective districts:

SELBAIE CAMP FOR SILVER POTENTIAL:Ag 1 Zone: 1,6 % Zn, 524 g/t Ag, 0,14 g/t Au over 10.5 mOpen in many directions Sustained exploration drilling planned

LAC SHORTT CAMP FOR OROGENIC GOLD POTENTIAL:Already impressive alteration and mineralized gold zones and Untested prospective shear and fault zones over 12 kmMany drill targets never tested in the past.Sustained exploration programs planned.

The objective: To define an economic orebody

Our Three year Business Plan