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Press release from Business Wire

S&P Capital IQ Initiates Coverage on Queenston Mining, Inc. in Standard & Poor's Factual Stock Reports

Wednesday, November 02, 2011

S&P Capital IQ Initiates Coverage on Queenston Mining, Inc. in Standard & Poor's Factual Stock Reports09:00 EDT Wednesday, November 02, 2011 NEW YORK (Business Wire) -- S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Queenston Mining Inc. Queenston Mining Inc. (TS:QMI) is a Canadian mineral exploration and development company focused on exploring gold prospects in mining-friendly jurisdictions. The company holds, and continues to acquire, strategic properties in two of Canada's historic gold camps: Kirkland Lake in northeastern Ontario, and Cadillac in northwestern Quebec. Queenston holds over 230 square kilometers of prospective property in the Kirkland Lake gold camp, held in 35 properties comprised of 10 joint venture projects and 25, 100%-owned projects. Within the company's 100%-owned projects there are 11 known gold deposits, including several deposits containing mineral resources that have been estimated in compliance with National Instrument 43-101 (NI 43-101). The objective of the Company is to advance the flagship Upper Beaver project towards feasibility and production. The project is currently being permitted for advanced exploration leading to new shaft development beginning in 2012. The Company is also very active in exploring and advancing five other 100% owned deposits that will provide additional feed for a central milling facility. The Company has cash and short-term investments of approximately $86 million, no debt and a fiscal 2012 exploration budget of $25 million. S&P Factual Stock Report coverage on Queenston Mining Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.queenston.ca for additional information. About Standard & Poor's Factual Stock Reports Currently profiling over 500 issuers, Standard & Poor's Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor's Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account. About S&P Capital IQ S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50052075&lang=enQueenston Mining Inc.Charles E. Page, 416-364-0001cpage@queenston.caorS&P Capital IQCustomers:Richard Albanese, 212-438-3647richard_albanese@standardandpoors.comorMedia Relations:Michael Privitera, 212-438-6679michael_privitera@standardandpoors.com