THQ Inc. to Receive $6.55 Million in Sale of Certain Intellectual Properties to Nordic Games, Gearbox Software, and 505 Games

  THQ Inc. to Receive $6.55 Million in Sale of Certain Intellectual Properties
  to Nordic Games, Gearbox Software, and 505 Games

Business Wire

AGOURA HILLS, Calif. -- April 22, 2013

THQ Inc. (OTC: THQIQ) today announced that it has completed the bidding and
sale process on certain of its intellectual properties (IP) with three buyers
emerging to pay $6.55 million for the six available lots, subject to
Bankruptcy Court approval. The company is filing its motions today with the
Bankruptcy Court to obtain approval of these proposed sales.

The $6.55 million sale of the IP assets breaks down as follows:

  *$4.9 million from Nordic Games Licensing AB, a Swedish-based video games
    publisher, for Darksiders, Red Faction, MX vs ATV, Other Owned Software
    (includes Destroy all Humans!, Summoner and more), and Other Licensed
    Software (includes Marvel Super Hero Squad, Supreme Commander and more);
  *$1.35 million from Gearbox Software, LLC, a Plano, Tex.-based developer of
    interactive entertainment, for Homeworld; and
  *$.3 million from 505 Games Srl, an Italian video game publisher, for Drawn
    to Life and Drawn to Life: The Next Chapter.

The company expects the Bankruptcy Court to hear the sales motions on May 13,
2013 and to finalize the sale transactions thereafter.

On April 18, the company filed its Chapter 11 Plan of Liquidation and
Disclosure Statement with the Court. The Plan outlines how certain classes of
claims will be satisfied. Once the Court approves the Disclosure Statement,
voting on the Plan by certain impaired classes will commence. Both documents
are available for review online at

THQ and its domestic business units filed voluntary petitions under Chapter 11
of the U.S. Bankruptcy Court for the District of Delaware on Dec. 19, 2012.

For additional information about THQ, please visit For
information regarding the Chapter 11 case, please visit

THQ Inc. Caution Concerning Forward-Looking Statements

This press release contains statements that are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on current expectations, estimates
and projections about the business of THQ Inc. and its subsidiaries
(collectively referred to as "THQ"), including, but not limited to,
expectations regarding the bankruptcy case. These statements are based upon
management's current beliefs and certain assumptions made by management. Such
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements, including, but not limited to, the adverse
impact of the bankruptcy case on THQ’s business, financial condition and
results of operations, including its ability to maintain customer and supplier
relationships; the level of interest of prospective bidders in the bidding and
sale process for the remaining IP assets; THQ’s ability to obtain bankruptcy
court approval in connection with the bankruptcy case; the actions of THQ’s
creditors and other third parties with interests in the bankruptcy case;
competitive, economic, legal, political, and technological factors affecting
our industry, operations, markets, products, or pricing. Readers should
carefully review the risk factors and the information that could materially
affect THQ's financial results, described in other documents that THQ files
from time to time with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the fiscal period ended March 31, 2012 and
subsequent Quarterly Reports on Form 10-Q, and particularly the discussion of
trends and risk factors set forth therein. Unless otherwise required by law,
THQ disclaims any obligation to update its view on any such risks or
uncertainties or to revise or publicly release the results of any revision to
these forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release.

                    Note to editors: List of Lots Follows

THQ Official List of Intellectual Property Available for Bidding
Red Faction                            Red Faction Armageddon
Red Faction 2                            Red Faction: Guerrilla
Homeworld                                Homeworld 2

MX Alive                                 MX vs ATV Untamed
MX Superfly featuring Ricky              MX vs. ATV Alive Tournament
MX Unleashed                             MX vs. ATV Unleashed
MX vs ATV Reflex                         MX vs. ATV: On The Edge
Darksiders                               Darksiders 2
All Star Cheer Squad                     Elements of Destruction
All Star Cheer Squad 2                   Fantastic Pets
All Star Karate                          Frontlines: Fuel of War
Baja: Edge of Control                    Full Spectrum Warrior 1
Battle of the Bands                      Full Spectrum Warrior 2: Ten Hammers
Beat City                                Juiced
Big Beach Sports                         Juiced 2: Hot Import Nights
Big Beach Sports 2                       Lock's Quest: Construction Combat
Big Family Games                         Neighborhood Games
Crawler                                  Pax Imperia
Deadly Creatures                         Stuntman: Ignition
Deep Six                                 Summoner
Destroy All Humans!                      Summoner 2
Destroy All Humans! 2                    Terranium
Destroy All Humans! Big Willy            The Outfit
Destroy All Humans! Path of the          Titan Quest
Dood's Big Adventure                     Titan Quest: Immortal Throne
Drawn to Life                            uDraw
Drawn to Life: The Next Chapter          World of Zoo
Lot 6 - LICENSED SOFTWARE (buyer to pay any cure costs)
Costume Quest                            Scripps Spelling Bee (Scripps)
Daniel X (SueJack)                       Sherlock Holmes and the Mystery of
                                         Osborne House
Deepak Chopra's Leela (Curious           Stacking
Fancy Nancy: Tea Party Time! (Harper     Supreme Commander
Jeopardy                                 Supreme Commander Forged Alliance
Jeopardy 2                               The Biggest Loser
Journey to the Center of the Earth       Truth or Lies
Let's Ride Best of Breed                 Vampire Legends: Power of Three (dtp)
Marvel Super Hero Squad: Comic           Wheel of Fortune
Marvel Super Hero Squad: The             Wheel of Fortune 2
Infinity Gauntlet
Marvel Super Hero Squad: The             World of Zoo
Infinity Gauntlet 2
Nancy Drew: The Hidden Staircase         Worms 2
Nexuiz                                   Worms Battle Islands
Paws & Claws Marine Rescue               Worms Open Warfare
Paws & Claws Pampered Pets Resort 3D     Worms: A Space Oddity
PurrPals 2                               Worms: Open Warfare 2 (Team 17)
Rio                                      You Don’t Know Jack (Jellyvision)
Rocket Riot
Screwjumper (Frozen Codebase)          


THQ Media Contact:
The Abernathy MacGregor Group, Inc.
Rivian Bell,
Sydney Isaacs,
Press spacebar to pause and continue. Press esc to stop.