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

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
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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.

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Queenston Mining Inc.

Charles E. Page, 416-364-0001

cpage@queenston.ca

or

S&P
Capital IQ

Customers:

Richard Albanese, 212-438-3647

richard_albanese@standardandpoors.com

or

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michael_privitera@standardandpoors.com