Golden Queen Mining Co. Ltd. - Exercise of Warrants



    TSX - GQM

    WEST VANCOUVER, Jan. 23 /CNW/ - Golden Queen Mining Co. Ltd. (the
"Company") announces that warrants have been exercised to acquire 7,200,000
common shares of the Company, at an exercise price of C$0.60 for total
proceeds to the Company of C$4,320,000. The proceeds from the exercise of the
warrants will be applied towards ongoing operations and general working
capital.

    THE TORONTO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
    ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.





For further information:

For further information: H. L. Klingmann, President, Telephone: (604)
921-7570, Email: mintoexpl@telus.net, www.goldenqueen.com


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