Queenston Mining Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss from operations of CAD 691,840, loss before recovery of income taxes of CAD 699,613 and net loss of CAD 699,613 or CAD 0.01 per diluted share on interest income of CAD 11,260 compared to the income from operations of CAD 20,872, income before recovery of income taxes of CAD 13,427 and net income of CAD 13,427 or CAD 0.00 per diluted share on interest income of CAD 158,187 for the same quarter year ago. Net cash provided by operating activities of CAD 180,374 compared to the net cash used in operating activities of CAD 54,704 for the same quarter year ago. Net additions to mining properties was CAD 117,500 compared to the CAD 50,000 for the same quarter year ago. For the nine months period, the company reported loss from operations of CAD 4,485,720, loss before recovery of income taxes of CAD 4,510,075 and net loss of CAD 1,610,075 or CAD 0.03 per diluted share on interest income of CAD 117,586 compared to the loss from operations of CAD 377,738, loss before recovery of income taxes of CAD 400,357 and net income of CAD 981,233 or CAD 0.02 per diluted share on interest income of CAD 448,357 for the same period year ago. Net cash used in operating activities was CAD 475,220 compared to the CAD 1,049,693 for the same quarter year ago. Net additions to mining properties was CAD 285,783 compared to the CAD 550,000 for the same period year ago.

Queenston Mining Inc. announced further results from the resource definition drill program at the 100% owned, past producing McBean deposit located in Gauthier Township, Kirkland Lake, Ontario. The program is planned to both upgrade the mineral resources at McBean to NI 43-101 standards and expand the deposit through deeper exploration drilling. The gold mineralization at McBean occurs within the deformation corridor of the Larder Lake Break hosted in both felsic intrusive (porphyry) locally termed 'felsite' and green carbonate (altered ultramafic flows). Multiple, steeply south dipping mineralized zones have been identified to date within the felsic and green carbonate packages containing pyrite and visible gold. The drilling has traced four zones over a length of 700 m and to a vertical depth of 700 m that remain open to the east, west and at depth. Two drills will continue to target both the McBean and adjacent Anoki mineralization below 600 m.

Newstrike Resources Ltd. and Queenston Mining Inc. announce that a diamond drill program has commenced on the Commodore joint venture property located in Lebel and Gauthier townships in Kirkland Lake, Ontario. The property is favourably located in the Kirkland Lake gold camp totaling 57 mineral claims comprising 25 patented and 32 unpatented claims. The combined property covers seven kilometers of a favourable assemblage of Timiskaming rocks that elsewhere in the camp hosts the historic 24 million ounce Kirkland Lake Main Break gold deposits, 8 km to the west and the 1.5 million ounce Upper Canada gold mine, 3 km to the east. Two gold structures, the Upper Canada Break and 03 Break trend across the property and host known zones of mineralization including the Morris mine, Commodore deposit and the HG zone.