Mr. Stephane Leblanc reports

QNB METALS CLOSES A $65,000 FIRST TRANCHE OF ITS PRIVATE PLACEMENT

QNB Metals Inc. has closed a first tranche of $65,000 of its previously announced private placement of up to five million units at a price of five cents per unit for aggregate gross proceeds of up to $250,000. An aggregate of 1.3 million units were issued under the first tranche.

Each unit consists of one common share in the capital of the corporation and one share purchase warrant. Each warrant is exercisable into one share at an exercise price of 40 cents for a period of 24 months following its issuance.

The corporation did not pay a finder's fee with respect to the first tranche, and no insiders of the corporation participated in the first tranche. All securities issued under the first tranche are subject to a statutory hold period of four months and a day from their issuance.

The net proceeds from the private placement will be used for general exploration and working capital. Completion of the private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the Canadian Securities Exchange.

About QNB Metals Inc.

QNB Metals is an exploration and development company focused on creating shareholder value through the strategic acquisition of nickel and copper projects while closing and maintaining key partnerships.

We seek Safe Harbor.