NQ Minerals : PDMR Shareholding

NQ Minerals Plc

PDMR Shareholding

London, United Kingdom - August 12, 2020 - NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) ("NQ" or the "Company") has been notified that on 11 August 2020, David Lenigas, Chairman of NQ and a PDMR, completed the purchase of 20,000 ordinary shares at par value of 0.1 pence each in the Company at US$0.12per share.

1		Details of the person discharging managerial responsibilities/person closely
		associated
a)		Name:	David Lenigas
2		Reason for the Notification
a)		Position/Status:	Director
b)		Initial notification/ Amendment:	Initial
3		Details of the issuer, emission allowance market participant, auction platform,
		auctioneer or auction monitor
a)		Name:	NQ MineralsPlc
b)		LEI:	213800FWS72X63PYFA15
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
		each type of transaction; (iii) each date; and (iv) each place where transactions have
		been conducted
a)		Description of the financial	Ordinary Shares at 0.1 pence each
		instrument, type of instrument:
		Identification code:	GB00BYN8YP12
b)		Nature of the transaction:	Purchase of Ordinary Shares
c)		Price(s) and Volume(s):		Price(s)			Volume(s)
				US$0.12		20,000
d)		Aggregated Information:
		- Aggregated Volume	20,000
		- Price
		US$0.12
e)		Date of the Transaction:	11/08/2020
f)		Place of the Transaction:	US OTC Markets

About NQ Minerals

NQ Minerals Plc is listed on London's Aquis Stock Exchange (AQSE) under the ticker NQMI and has it's 1:100 ADR traded on the US OTC QB under ticker NQMIY and its ordinary shares are dual traded on the US OTC QB under the ticker NQMLF.

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NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port.The Company is also planning to reopen the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be found on www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman [e-mail]

Colin Sutherland, Chief Financial Officer [e-mail]: [phone] (North America)

Media Enquiries IFC Advisory Limited

Graham Herring / Tim Metcalfe [e-mail]: [phone] (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: [phone] (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/ Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

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This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

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