Mr. Glen Macdonald reports

AUQ COMPLETES ACQUISITION OF BT CLAIMS

AUQ Gold Mining Inc. has issued final consideration for the acquisition from arm's length vendors to acquire 100 per cent of the Bellechasse Timmins project (B-T). It consists of six claims totalling 351.94 hectares (3.52 square kilometres) located approximately 100 kilometres or a 1.5-hour drive southeast of Quebec City in the Beauce-Bellechasse region of the province of Quebec. The project has very good access, logistics, manpower availability and Quebec has been regularly ranked as a top exploration and mining jurisdiction by the Fraser Institute.

Project summary

The B-T deposit contains at least four mineralized zones namely the Timmins 1 (T1), Timmins 2 (T2), Ascot and 88.

The B-T geological setting is characterized by folded mafic intrusive, volcaniclastite and sediments, having a general southwest-northeast orientation. Considering the structural context, the mineralized bodies are a folded mafic intrusive with an axial plane running northeast, apparently dipping steeply to the southeast and plunging to the southwest.

T1, the largest zone to date is located within a heavily transposed and compacted anticlinal fold nose, along the structural plane. The T2 zone is located easterly along the flank of the fold. The 88 zone is located within a large transposed fold southeast of the T1. The Ascot is along the northern flank of the fold.

The 2012 SGS 43-101 compliant mineral resource (base case) for T1-T2 zones using a lower cut-off grade of 0.6 gram per tonne Au and gold capping at 30 grams per tonne Au is classified as:

• Indicated: 2.905,000 tonnes at 1.83 g/t Au totalling 171,000 ounces;
• Inferred: 2.173,000 tonnes at 1.36 g/t Au totalling 95,000 oz.

The same resource with the same lower cut-off grade of 0.6 g/t Au and no capping limit is classified as:

• Indicated: 2.905,000 tonnes at 3.36 g/t Au totalling 313,900 oz;
• Inferred: 2.173,000 tonnes at 1.46 g/t Au totalling 102,000 oz.

The company has paid $73,250 cash and issued an aggregate of 384,851 common shares to the vendors. All securities have been issued with a hold period legended thereon expiring four months plus one day, in accordance with applicable securities laws. Jacques Marchand, PEng, geology, is the qualified person under National Instrument 43-101 and has reviewed and approved the technical geological information provided in this news release.

We seek Safe Harbor.