Queenston to be Added to the S&P/TSX Global Gold and Global Mining Indices
TORONTO, ONTARIO -- (Marketwire) -- 06/13/11 -- QUEENSTON MINING INC. (TSX: QMI)(FRANKFURT: QMI) ('the Company') is pleased to announce that Standard and Poor's Canadian Index Operations has added the Company to the S&P Global Gold Index and the S&P Global Mining Index effective June 20, 2011.
Mr. Charles Page, President and CEO, commented, 'We are pleased to learn of Queenston Mining's addition to the S&P/TSX Global Gold and S&P Global Mining Index. The inclusion represents an important benchmark in the Company's development and recognition of our efforts and success. The addition to these indices will increase our Company's exposure to the investment community, providing further value for our shareholders.'
The S&P/TSX Global Gold Index is designed to be a dynamic international benchmark tracking the world's leading gold companies and aims to offer investors broad exposure to the world's gold markets. The intention of the Global Gold Index is to provide an investable representative index of publicly-traded international gold companies. The S&P/TSX Global Mining Index is comprised of the world's leading mining issuers with holdings and projects all over the globe. The index provides investors with both diverse geographic exposure to mining companies and broad-based exposure to metals and minerals.
About Queenston
Queenston is a Canadian mineral exploration and development company with a primary focus on its holdings (235 km2) in the historic Kirkland Lake gold camp. The Company's objective is to advance 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 working capital of approximately $70 million no debt and a fiscal 2011 exploration budget of $25 million.
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 Company's expectations and projections. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by the Company on SEDAR at www.sedar.com.
Contacts:
Queenston Mining Inc.
Charles E. Page, P. Geo.
President and CEO
(416) 364-0001 (ext. 224)
Queenston Mining Inc.
Hugh D. Harbinson
Chairman
(416) 364-0001 (ext. 225)
Queenston Mining Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927
Queenston Mining Inc.
Anne Gibbs-Baines
(416) 627-8872
Info@queenston.ca
www.queenston.ca