GOLD EXPLORATION: High grades, new discovery enhance Upper Beaver

ONTARIO - The latest diamond drill holes from the Upper Beaver property in Kirkland Lake continue to return high grade gold results, says owenr Queenston Mining of Toronto, and a new, near-surface gold zone (the Q zone) has been found.

Highlights from the recent drilling include 11.50 g/t and 0.40% Cu over 25.0 meres, 12.90 g/t Au and 0.75% Cu over 8.0 metres, 11.63 g/t Au and 1.60% Cu over 8.0 metres. According to Queenston, the results indicate the continuous nature of the porphyry zone in the deeper part of the deposit.

The Q zone was drilled northeast of the historic Upper Beaver mine. Seven holes have intersected a narrow, high grade gold-copper zone often within a broader low grade zone hosted in an altered mafic volcanic assemblage intruded by narrow feldspar porphyry and syenite dykes. The discovery hole assayed 1.0 g/t Au over 55.0 metres (including 53.66 g/t over 0.5 metre) and 2.06 g/t Au over 44.3 metres.

The Upper Beaver deposit was mined on-and-off from 1912 to 1972. During that time, 141,000 oz of gold and 11.9 million lb of copper were produced.

Further information is available at www.Queenston.ca.