QMX Gold Receives Positive Decision From Arbitrator on the LQMX Gold Receives Positive Decision From Arbitrator on the Lac Pelletier Property Marketwire Canada QMX GOLD CORPORATION (TSX VENTURE:QMX) ("QMX" or the "Company") has received a positive and binding arbitration decision that the exercise of QMX Gold's option agreement for ownership of the Lac Pelletier Property was valid as of August 31, 2010. The Lac Pelletier property is located four kilometers southwest of Rouyn-Noranda, Quebec and covers 722.6 hectares with 35 mining licences, two mining concessions and a special permit covering part of the past-producing Stadacona mine. The Arbitrator has set out a series of deadlines including one within 60 days of the decision whereby the parties must agree on a date for the achievement of Commercial Production on the Lac Pelletier Property. If a date cannot be agreed upon, the matter is to be referred back to the Arbitrator. The arbitration proceedings took place in August 2013 and on May 20, 2014 the Company received the Arbitrator's decision in favour of QMX Gold. Pursuant to the September 2005 option agreement with Thundermin Resources ("Thundermin"), the Company was entitled to acquire a 100% interest in the Lac Pelletier Property subject to a 3.5% NSR royalty on production from the property and a $1/tonne toll charge on ores mined from deposits adjacent to the property using the Stadacona shaft. The Company was required to spend $1,000,000 in expenditures by September 1, 2008, make a production decision by September 1, 2009 and reach commercial production by September 1, 2010. If commercial production was not attained by 2010, the Company was required to pay an advanced royalty of $75,000 per annum. During 2007, the Company met its expenditure obligations pursuant to the agreement and commenced plans for the dewatering of a ramp and underground workings on the Lac Pelletier deposit. The Company amended the agreement with Thundermin in 2009, extending the production decision deadline to September 1, 2010 with an accompanying payment of $100,000. From 2008 to 2010, the Company completed construction of the mine site infrastructure and facilities, dewatered the ramp and completed an advanced development, exploration and bulk sampling program on the deposit. The Company completed the underground program in March 2010 and advanced a feasibility study on the Lac Pelletier deposit. A production commitment notice was issued to Thundermin, exercising its option to acquire the Lac Pelletier Property in August 2010. Thundermin initiated the arbitration proceedings on December 7, 2010 pursuant to which it has claimed that the purported exercise by the Company of its option to acquire a 100% interest in the property was invalid. The Company announced this on December 7, 2010. Total expenditures by the Company on the Lac Pelletier property totaled $24 million to this date. Brett New, President and CEO of QMX, commented: "We are very pleased with the Arbitrator's ruling. The Company has completed three campaigns of surface exploration drilling and completed a program of underground delineation drilling, mine development and bulk sampling with the objective of moving Lac Pelletier closer to production. With the positive decision from the Arbitrator, the Company now has the ability to do so and a production scenario will be assessed in light of the Corporation's current strategic plans and financial capabilities."