QGX Initiates Metallurgical Studies for the Undur Tsagaan W-Mo Project, Mongolia



    TSX - QGX

    WATERDOWN, ON, Dec. 13 /CNW Telbec/ - QGX Ltd. (TSX: QGX) is pleased to
announce independent metallurgical testing of tungsten-molybdenum sulfide ores
has commenced for the Undur Tsagaan project in eastern Mongolia. The
metallurgical study is being directed by Mr. Peter Tse of Process Research
Associates Ltd. ("PRA"), Richmond, British Columbia, with 30 years of
experience in the metallurgical field.
    The study is utilizing a 200 kg composite sample derived from core with
an average head grade of 0.129% WO3 and 0.0179% Mo that QGX believes is
representative of the deposit. Diagnostic test work will include grinding,
gravity separation (centrifugal and table concentration), and flotation
(rougher and cleaning). PRA anticipates the study will be completed by end
February.

    Paul Zweng, President and CEO of QGX Ltd., commented as follows:

    "Undur Tsagaan is the largest tungsten and molybdenum resource in
Mongolia. As the production of steel continues to rise in China and elsewhere
in the world, we believe the demand for tungsten and molybdenum will remain
strong. We also believe demand will remain strong for these two commodities
because tungsten and molybdenum projects are scarce-there are only a handful
undergoing development. We are pleased to be one of the owners of a
potentially significant tungsten-molybdenum project."

    Qualified Person

    Mr. David Anderson, Executive Chairman of QGX Ltd. and a Qualified Person
as defined by NI 43-101, has reviewed and approved the information contained
in this release.
    All assays were performed by International Plasma Laboratories ("iPL"), a
wholly owned subsidiary of PRA Group.

    About QGX

    QGX is a Canadian-based company that has been exploring for mineral
deposits in Mongolia since 1994. QGX's two most advanced properties are the
Baruun Naran and the Golden Hills projects. In July 2007 QGX announced that an
independent 43-101 preliminary economic analysis for Baruun Naran showed a net
present value (discounted at 10%) of US$481 million on an after-tax basis. QGX
announced in August 2007 an independent NI 43-101 resource for coking and
thermal coal at Baruun Naran comprised of 93.3 Mt of measured and 159.6 Mt of
indicated (252.9 Mt contained in measured and indicated) and 11.1 Mt of
inferred resources. QGX filed in April 2007 an independent NI 43-101 report
outlining a positive preliminary economic assessment for its
copper-gold-silver project at Golden Hills. Barrick Gold Corp. holds an
approximate 9% equity interest in QGX as part of a strategic relationship
between the two companies.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

    This press release includes certain "forward-looking statements". All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding potential mineralization,
results and future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statement.
    %SEDAR: 00013803E




For further information:

For further information: David Anderson, Executive Chairman, (905)
689-9442; Paul Zweng, President/CEO, (925) 855-0505; visit our website at
www.qgxgold.com; Renmark Financial Communications Inc.: John Boidman,
jboidman@renmarkfinancial.com; Maurice Dagenais:
mdagenais@renmarkfinancial.com; Media: Adam Ross, aross@renmarkfinancial.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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