🕐15.12.09 - 16:01 Uhr

Queenston Reports New High-Grade Drill Results from Upper Beaver



Queenston Reports New High-Grade Drill Results from Upper Beaver Including Deep Zone Assaying 20.3 g/t Au with 2.5% Cu over 6.0 m December 15, 2009, Toronto, Ontario - QUEENSTON MINING INC.

(QMI-Toronto, Frankfurt, Stuttgart, Berlin) (�Queenston� or �the Company�) announces results from the drill program in progress at the 100% owned Upper Beaver property located in Kirkland Lake, Ontario.

The current program is providing both in-fill drilling information to upgrade the existing NI 43-101 inferred resource to the indicated category as well as step-out information to define and extend the gold-copper system to depth below the deposit.

A total of 11 holes and wedges are being reported representing 15,440 m of drilling.

Three drills continue to operate on the property.

Highlights from the current phase of drilling: � Hole UB09-148: 20.3 g/t Au (0.59 oz/ton) with 2.5% Cu over 6.0 m (19.7 ft) � Hole UB09-149: 15.8 g/t Au (0.46 oz/ton) with 0.95% Cu over 13.1 m (43.0 ft) � Hole UB09-152: 21.3 g/t Au (0.62 oz/ton) with trace % Cu over 6.2 m (20.3 ft) � Hole UB09-145W1: 16.1 g/t Au (0.47 oz/ton) with 3.6% Cu over 2.6 m (8.5 ft) � Hole UB09-110W3: 22.9 g/t Au (0.67 oz/ton) with 1.6% Cu over 1.7 m (5.6 ft) Charles Page, Queenston President and CEO, said, �We are extremely pleased with the results of the current phase of drilling at Upper Beaver.

All 11 holes intersected mineralization with 6 reporting high-grade gold values.

The highlight from the in-fill drilling is shallow hole UB09-149 returning 15.8 g/t gold with 1% copper over 13.1 meters indicating that the deposit remains open towards surface above the resource.

More significant is deep hole UB09-148 that encountered two intervals assaying 23.8 g/t gold with 2.3% copper over 1.5 meters and 20.3 g/t gold with 2.5% copper over 6 meters at a vertical depth of 1100 meters confirming the high-grade deep potential of the deposit.

The results of this drill program indicate that growth opportunity remains high at Upper Beaver and supports our strategy of advancing four, 100% owned gold deposits in the Kirkland Lake camp towards production.� On September 22, 2008 the Company reported a NI 43-101 mineral resource at Upper Beaver comprising total indicated resources of 1,373,500 t grading 8.5 g/t Au (375,000 oz.) (9.7 g/t Au uncapped (427,900 oz.)) with 0.43% Cu and total inferred resources of 1,061,300 t grading 7.7 g/t Au (262,800 oz.) (8.5 g/t Au uncapped (291,300 oz.)) with 0.39% Cu.

The mineral resource was completed by Watts, Griffis and McOuat Limited of Toronto under the supervision of independent Qualified Person Michael W.

Kociumbas, P.Geo.

The Porphyry Zone is the largest gold-copper component of the deposit containing 82% of the mineral resource totaling 942,600 t grading 9.6 g/t Au (10.9 g/t uncapped) in the indicated category and 859,200 t grading 8.3 g/t Au (9.2 g/t uncapped) in the inferred category. The location of the new drill-holes is outlined on the longitudinal section accompanying this news release and is available on the Company�s website (www.queenston.ca).

Holes UB09-110W3, -128W1, -143W1, -145, -145W1, -146, -147, -149, -151 and -152 were completed as part of the in-fill program to upgrade the existing NI 43-101 inferred resource to the indicated category.

All 10 holes were successful in encountering the Porphyry Zone with 6 (UB09-110W3, -145W1, -146, -147, -149 and -152) reporting above average gold grades for the deposit.

Drill-holes UB09-128W1, -143W1, -145 and -151 intersected the Porphyry Zone outside or near the margins of the resource indicating the zones remain open to the east and west.

To view the longitudinal section, please visit the companys website. Holes UB09-145, -145W1 and -151 also intersected wide widths of lower-grade mineralization in other zones including 1.43 g/t Au with 0.9% Cu over 35.0 m, 1.19 g/t Au with 0.33% Cu over 23.0 m and 1.49 g/t Au with 0.58% Cu over 24.0 m respectively.

In hole UB09-146 a thick interval of the South Breccia Zone was intersected assaying 3.00 g/t Au with 0.6% Cu over 39.9 m including higher grade intervals of 8.75 g/t Au with 0.13% Cu over 5.6 m and 4.69 g/t Au with 0.93% Cu over 4.2 m. To view table of assays, please visit the companys website. In news releases issued on December 18, 2008, April 30 and July 9, 2009 the Company announced intersecting wide intervals of gold-copper mineralization at the base and below the existing mineral resource.

In drill-hole UB08-139, a 20.8 m interval assayed 30.3 g/t Au with 1.0% Cu approximately 200 m below the resource in the East Porphyry Zone, and hole UB08-135W2 intersected a 19.7 m interval assaying 6.3 g/t Au with 0.5% Cu approximately 350 m below the resource in the West Porphyry Zone.

Also in the West Porphyry Zone, hole UB09-100W1 intersected a 37.3 m interval assaying 9.4 g/t Au with 0.6% Cu at the base of the resource.

The East and West Porphyry Zones are separated by a diabase dyke that represents a late geological unit that occupies the center of the mineralized corridor. New drill-hole UB09-148 was the first hole of the current program to be completed below the existing mineral resource.

It intersected the West Porphyry Zone approximately -1100 m below surface reporting two high-grade intervals, 23.76 g/t Au with 2.30% Cu over 1.5 m and 20.3 g/t Au with 2.50% Cu over 6.0 m.

This pilot-hole located 60 m from previous drill-hole UB08-135W2 (6.3 g/t Au with 0.5% Cu over 19.7 m) supports the continuity of the zone and provides a drilling platform to complete a series of wedge holes upward towards the mineral resource.

The Porphyry Zones remain open below a vertical depth of 1300 m. Three drill rigs continue to operate on the property.

One is completing the in-fill program within the NI43-101 resource and two others are targeting the Porphyry Zones below the resource.

Quality Control The design of the Queenston�s drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Queenston�s geological staff including qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices.

The Upper Beaver project is supervised by Queenston�s Vice President Exploration, William McGuinty, P.

Geo.

A detailed review of Queenston�s QA/QC procedures is filed in the 2008 Annual Information Form on SEDAR.

The drill core is logged and split with half-core samples shipped to Swastika Laboratories of Swastika, Ontario and analyzed employing the appropriate gold fire assaying technique.

For QA/QC purposes the Company as well as the lab submits standards and blanks every 25 samples.

Approximately 5% of sample rejects and/or pulps are sent to other laboratories for check assaying. This news release was reviewed by Queenston�s Vice President Exploration and QP, William McGuinty, P.

Geo. About Queenston Queenston maintains a significant land package in the Kirkland Lake gold camp containing 21 contiguous properties totaling approximately 14,000 hectares or 942 mineral claim units.

The Company�s strategy is to return to producer status through the development of 100% owned gold projects including the Upper Beaver, McBean, Anoki and Upper Canada.

The Company is also carrying out deep exploration targeting the new South Mine Complex with joint venture partner Kirkland Lake Gold Inc.

on the South Claims property and on its 100% owned AK property.

Queenston has working capital of approximately $40 million and has an exploration budget for 2010 of $15 million employing up to 12 diamond drill rigs. For further information, contact: Charles E.

Page, P.

Geo., President and CEO (416) 364-0001 (ext.

224) Hugh D.

Harbinson, Chairman (416) 364-0001 (ext.

225) Andreas Curkovic, Investor Relations (416) 577-9927 Email: Website: www.queenston.ca Forward Looking Statements Except for historical information this News Release may contain certain �forward looking statements�.

These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Company�s expectations and projections.

A more detailed discussion of the risks is available in the �Annual Information Form� filed by the Company on SEDAR at www.sedar.com
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