Queenston Mining Inc QNMNF

STIFEL NICOLAUS & COMPANY INITIATES COVERAGE

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STIFEL NICOLAUS & COMPANY INITIATES COVERAGE OF QUEENSTON

To view the Stifel Nicolaus report for August 10, 2011;

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Any opinions, estimates or forecasts regarding Queenston’s performance or its securities are made by the analyst and do not necessarily represent the opinions, estimates or forecasts of Queenston or its management.

About Queenston
Queenston is a Canadian mineral exploration and development company with a primary focus on its holdings in the historic Kirkland Lake gold camp that comprises 220 km². Late in 2010 the Company entered into a strategic alliance with Agnico-Eagle Mines Limited with the objective of advancing its key, 100% owned gold projects (Upper Beaver, Upper Canada, McBean, Anoki and Bidgood) at the Kirkland East project towards feasibility and ultimately production. The Company has a fiscal 2011 exploration budget of $25 million.

For further information, please contact:

Queenston Mining Inc.
Charles E. Page, P. Geo. President and CEO Phone: [phone] (ext. 224) Fax: [phone] Fax: [phone] E-mail: [e-mail]	Hugh D. Harbinson, Chairman Phone: [phone] (ext. 225) Fax: [phone] E-mail: [e-mail]
Andreas Curkovic, Investor Relations Phone: [phone]
Ann Gibbs, Investor Relations Phone: [phone] email: [e-mail]
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 Companies expectations and projections. A more detailed discussion of the risks is available in the “Annual Information Form” filed by the Companies on SEDAR at www.sedar.com