DPM Dundee Precious Metals Inc

Queensland Minerals Ltd. (TSX VENTURE:QML) ("Queensland" or the "Company") is
pleased to announce that the TSX Venture Exchange (the "TSXV") has advised
Queensland that the trading halt in the Company's shares instituted as a result
of its proposed transaction with Dundee Precious Metals Inc. ("DPM") will be
lifted. Queensland's shares will resume trading at the opening of trading on
Tuesday, January 25, 2011.


The details of the transaction between Queensland and DPM are described in a
press release dated October 12, 2010. The completion of the acquisition of DPM's
assets in Serbia through the exercise of the option granted to Queensland
remains subject to financing requirements, minimum expenditure commitments, and
approval of the transaction by the TSXV and Queensland shareholders. The Company
is currently planning to hold a general and special shareholder meeting in early
April.


About Queensland Minerals Ltd.: Queensland Minerals is a mineral exploration
company. It has entered into an option agreement to acquire mineral properties
in Serbia and holds one mineral property in the State of Queensland, Australia.
Additional information about the Company is available on SEDAR at www.sedar.com
and at www.queenslandminerals.com.


ON BEHALF OF THE BOARD OF DIRECTORS:

James Crombie

This press release contains forward-looking information. In particular, this
press release contains statements concerning the completion of the transaction
between Queensland and DPM and the acquisition of mineral properties in Serbia.
Although the Company believes in light of the experience of its officers and
directors, current conditions and expected future developments and other factors
that have been considered appropriate that the expectations reflected in this
forward-looking information are reasonable, undue reliance should not be placed
on them because the Company can give no assurance that they will prove to be
correct. Forward-looking information is subject to known and unknown risks and
uncertainties, and depends on assumptions and other factors, all of which may
cause actual results or events to differ materially from those anticipated in
such forward-looking information. The forward-looking statements contained in
this press release are made as of the date hereof and the Company undertakes no
obligations to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.


Completion of the transaction is subject to a number of conditions. The exercise
of the option and completion of the acquisition of the mineral properties in
Serbia is subject to a number of conditions, including TSXV acceptance and
shareholder approval. The transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the transaction
will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with this transaction, any information
released or received with respect to the transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of Queensland
Minerals Ltd. should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release." 


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.

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