Queenston Mining Inc QNMNF

Desjardin Capital Markets

[rolfoto]

https://www.queenston.ca/primages/DCM20111219.pdf

December 20, 2011 Queenston Reports Wide Gold Intervals from Upper Beaver Drilling (including 9.15 g/t Au over 18.4 m, 3.41 g/t Au over 54.0 m and 2.01 g/t Au over 101.0 m)

December 1, 2011 Queenston Intersects New Gold Zone at the Rand Property, Kirkland Lakes (including 8.4 g/t Au over 22.6 m)

November 14, 2011 Queenston Reports Drill Results from the L Zone and the Discovery of Two New Gold Zones at Upper Canada

Desjardin Capital Markets

Lodes left in Kirkland Lake:
Initiating coverage with a Buy rating and C$9.00 target price

To view Desjardin Captial Markets' initiating report December 19, 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 comprising 235 km² of prime exploration lands. The Company’s assets include 6, 100% owned gold deposits, all with NI 43-101 compliant mineral resources and ongoing exploration and development. 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 deposit that will provide additional feed for a central milling facility. The Company has cash and short-term investments of approximately $84 million, no debt and a fiscal 2012 exploration budget of $25 million.

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] E-mail: [e-mail]
Website – www.queenston.ca