CMQ announces extension to funding agreement



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, June 29 /CNW/ - CMQ Resources Inc. (TSXV: NV) ("CMQ") is pleased
to announce that its secured lender under the Funding Agreement has agreed to
extend the maturity of the Funding Agreement to October 30, 2009. This
extension has been implemented to allow CMQ additional time to complete its
current drilling program and for CMQ to further assess its sources of
additional financing. The secured lender has continued to make the entire
CDN$1,000,000 facility available. CMQ intends to make further draws on the
facility to fund the drilling program and assess the results thereof. CMQ has
not incurred any additional financial or contingent cost in obtaining this
extension.
    CMQ currently has 6,534,670 Common Shares issued and outstanding. CMQ's
website is located at www.cmqresources.com.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Forward-Looking Statements
    

    This press release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of Canadian securities laws.
All statements other than statements of historical fact are forward-looking
statements. Forward-looking statements typically contain statements with words
such as "anticipate", "believe", "plan", "continuous", "estimate", "expect",
"may", "will", "project", "would", "should", or similar words suggesting
future outcomes.
    Undue reliance should not be placed on forward-looking statements, which
are inherently uncertain, are based on estimates and assumptions, and are
subject to known and unknown risks and uncertainties (both general and
specific) that contribute to the possibility that the future events or
circumstances contemplated by the forward-looking statements will not occur.
There can be no assurance that the plans, intentions or expectations upon
which forward-looking statements are based will in fact be realized. Actual
results will differ, and the difference may be material and adverse to CMQ and
shareholders. Forward-looking statements are based on management's current
beliefs as well as assumptions made by, and information currently available
to, management. Though management considers these assumptions to be reasonable
based on information currently available to it, they may prove to be
incorrect. By their very nature, forward-looking statements involve inherent
risks and uncertainties, both general and specific, and risks that
forward-looking statements will not be achieved. The forward-looking
statements contained in this press release are made as of the date hereof and
CMQ does not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, except as required by applicable law.
The forward-looking statements contained herein are expressly qualified by
this cautionary statement.

    %SEDAR: 00008560E




For further information:

For further information: John Hogg, Chief Executive Officer, CMQ
Resources Inc., Tel: (775) 778-3693, E-mail montezuma@frontiernet.net

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CMQ Resources Inc.

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