21 June 2018

NQ Minerals Plc

(the "Company" or "NQ Minerals")

Project update for the refurbishment and start up of the Hellyer Polymetallic Project, Tasmania

NQ Minerals Plc (NEX: NQMI)(OTCQB: NQMLF), an Australia based exploration and mining company, is pleased to announce a construction update on the refurbishment of the Hellyer Floatation plant for the restart of the Hellyer polymetallic operation in Tasmania, Australia. 

The full report can be viewed on the Company's website: http://www.nqminerals.com/wp-content/uploads/2018/06/NQ-Hellyer-restart-Operational-update-June-2018.pdf

Highlights

-       The project continues to be on budget and on time for commissioning of the plant in August 2018

-       Total number of hours worked to 31 May 2018 is 29,631 hours with no lost time incidents

-       Project expenditure commitments at 60% to end of May 2018

-       Major components expected to arrive on site in June/July 2018

-       Mechanical work substantially completed in Floatation plant

Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:

"The advancement of the Hellyer refurbishment continues at an accelerated pace. The refurbishment to date has been on budget and on time, and the project leadership team are now clearly focused on completing the task,  and expect the project to be only a few months away from production. This remains an exciting time and we look forward to unlocking significantly more value for our shareholders and stakeholders as we advance towards production at Hellyer."

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About NQ Minerals

NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of mineral occurrences. The Company's management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com

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