Mr. Stephane Leblanc reports

QNB METALS CLARIFICATION ON THE KINGSVILLE SALT PROPERTY

QNB Metals Inc. has brought more clarification on the Kingsville property located in Nova Scotia, Canada.

Kingsville's salt property overview

The Kingsville salt deposit is located at Kingsville on Nova Scotia's Cape Breton Island, approximately 20 kilometres north of the Port Hawkesbury/Point Tupper industrial area on the Strait of Canso. Deep exploration drilling for salt was initiated in the Kingsville area between 1968 and 1971 by Domtar Ltd. based on a significant high-amplitude Bouguer gravity-low anomaly that extends over a length more than 4,000 metres.

Domtar drilled 10 exploration diamond drill holes (DK3-DK12) at depths of approximately 1,200 metres. In 1972, Domtar estimated a historical salt mineral reserve of 31.63 million tonnes of proven and 1.15 billion tonnes of probable reserves* in the drilled area of 2,400 m by 900 m to a depth of 1,200 m. The reserves were later reported by Domtar in 1978**. Depth to the top of the first salt ranges from 400 to 500 metres. The estimated reserves were defined with 10 drill holes, a Bouguer anomaly and a 60-per-cent extraction ration through brining process for the proven reserves and a 40-per-cent extraction ration through brining process for the probable reserves.

Domtar indicated that blocks of salt appropriate for potential brine production cavities were outlined in 10 of its 11 holes.

Domtar (1978) reported four main categories of salt grade: (1) very high grade, greater than 95 per cent NaCl; (2) high grade, 90 to 95 per cent NaCl; (3) medium grade, 75 to 90 per cent NaCl; and (4) low grade, 60 to 75 per cent NaCl. Potash salts are not reported in significant amounts in any of the drill hole logs or analyses. Domtar (1978) described notable intersections of very high- and high-grade salt in drill holes DK-6 and DK-7.

The salt analytical database on approximately 10,000 salt samples provided by Domtar is the largest available for any salt deposit in the province (Domtar 1978). The success of the brining test (KBW No. 1) and the deposit description by Domtar indicates that the salt grades and tonnages would be sufficient for economic extraction.

Qualified person

The technical content of this news release has been reviewed and approved by Patrick Laforest, BSc, MBA, PGeo, who is an independent qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). The QP and the company have not completed sufficient work to verify the historic information on the properties, particularly regarding historical exploration, neighbouring companies and government geological work.

About QNB Metals Inc.

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

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