Queenston Mining Inc QNMNF

RE: GOT KY ??

[20/20/12]

December 20, 2012 Toronto, Ontario - QUEENSTON MINING INC. (QMI-TSX, Frankfurt, QNMNF-OTCQX) (“Queenston” or the “Corporation”) is pleased to announce that Queenston shareholders have approved the previously announced plan of arrangement involving the Corporation and Osisko Mining Corporation (the “Arrangement”).

Under the terms of the Arrangement, each Queenston shareholder will receive 0.611 of an Osisko common share for each Queenston common share held.

Over 98% of Queenston common shares voted at today’s special meeting of shareholders voted in favour of the special resolution approving the Arrangement. In addition, over 97% of Queenston common shares held by minority shareholders of Queenston voted in favour of the special resolution approving the Arrangement. Approximately 79% of the issued and outstanding Queenston common shares were represented at today’s special meeting. Details of the voting results will be filed under the Corporation’s profile on SEDAR at www.sedar.com.

Queenston will apply for a final order of the Ontario Superior Court of Court of Justice (Commercial List) for approval of the Arrangement on December 21, 2012, and, assuming receipt of court approval and all other conditions to the Arrangement being satisfied or waived, including stock exchange and any other regulatory approvals, Queenston expects that the Arrangement will close on or about December 28, 2012.

Shareholders with questions regarding the Arrangement can contact Kingsdale Shareholder Services Inc. at 1-866-581-1479 or by email at [e-mail].

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 comprising 230 square kilometres of prime exploration lands. The Corporation’s assets include six 100%-owned gold deposits, all with NI 43-101 compliant mineral resources and ongoing exploration and development. The objective of the Corporation is to advance the flagship Upper Beaver project towards feasibility and production. The Upper Beaver project is progressing with Advanced Exploration leading to new shaft development in 2013.

Queenston Mining Inc.
Charles E. Page, P. Geo. President and CEO Phone: [phone] (ext. 224) Fax: [phone] E-mail: [e-mail]	David Donovan, CFA. Dir. Corporate Communications Phone: [phone] (ext. 234) Fax: [phone] E-mail: [e-mail]
Andreas Curkovic, Investor Relations Phone:[phone]
Website – www.queenston.ca