Queenston Mining Inc QNMNF

STONECAP SECURITIES INITIATES COVERAGE

[rolfoto]

STONECAP SECURITIES INITIATES COVERAGE OF QUEENSTON

To view the Stonecap Resources report for July 18, 2011, please click on the thumbnail below:

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

FROM THE REPORT:


The company has interests in 35 properties, the largest land package (~230 km2) ever
assembled in the prolific Kirkland Lake Gold Camp (40 million oz. produced). On 26 of
the 35 properties, the company owns a 100% interest and on seven properties
Queenston holds a 50:50 joint venture interest with Kirkland Lake Gold Inc. The
property package contains seven historic mines (Upper Beaver, McBean, Upper
Canada, Bidgood, Moffat Hall, Morris and Sylvanite) that have produced 3.6 million oz
of gold and eight gold deposits (Figure 5) with combined historic and current NI 43-101
resources of ~3.7 million ounces. In addition, there are 50 gold showings, 14 shafts
with underground workings and a tailings impoundment facility on the project claims.