Core Insights - Q-Gold Resources Ltd. has made significant progress in 2025, including the acquisition of the Quartz Mountain Gold Project and securing $11.5 million in financing, positioning the company for growth in 2026 [2][3][4]. Financial Overview - The company successfully closed a private placement financing for gross proceeds of $11.5 million, which will be used for advancing work streams across its gold projects [3]. - The financing included a 15% overallotment and was facilitated by BMO Capital Markets [3]. Project Acquisition and Development - Q-Gold acquired the Quartz Mountain Gold Project from Alamos Gold Inc., which includes two properties totaling approximately 4,823 acres in Oregon's gold belt [4][5]. - The project benefits from over 90,000 meters of historical drilling and extensive geological data, enhancing its potential for resource development [5]. Mineral Resource Estimate - An updated mineral resource estimate for the Quartz Mountain Gold Project was disclosed, indicating 1.543 million ounces of gold at a grade of 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t in the indicated category [15][29]. - The project is amenable to conventional open-pit mining methods, which supports its economic viability [15]. Economic Assessment and Technical Studies - Q-Gold has engaged Kappes, Cassiday & Associates to conduct a Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project, expected to be completed in Q2 2026 [9][10]. - The PEA will evaluate mining methods, processing options, capital and operating costs, and projected financial returns [9]. Permitting and Environmental Studies - The company has engaged SLR International to advance environmental studies and permitting applications for the Quartz Mountain Gold Project, ensuring efficient project development timelines [16][17]. - Early-stage permitting work is progressing alongside technical studies to streamline the approval process [16]. Exploration Activities - Q-Gold completed two drill campaigns at the Mine Centre Gold Project in Ontario, focusing on high-priority targets to expand its understanding of the project's gold potential [12][14]. - The company plans to initiate exploration activities at both the Quartz Mountain and Angel's Camp portions of the project in 2026 [23]. Strategic Leadership - The board of directors has been strengthened with the addition of industry leaders Scott Parsons and Jamsheed Mehta, enhancing the company's strategic guidance and capital markets relationships [18][20][22]. Future Priorities - Key priorities for 2026 include completing the PEA, advancing initial exploration permits, and conducting metallurgical drilling programs to support feasibility studies [23][26]. - The company aims to enhance shareholder value through systematic project advancement and responsible exploration practices [24].

COMPLETED $11,500,000 FULLY ALLOCATED PRIVATE PLACEMENT FINANCING WITH BMOCOMPLETED ACQUISITION OF QUARTZ MOUNTAIN ADVANCED GOLD PROJECT IN OREGON, UNITED STATES FROM ALAMOS GOLDFILED NEW NI 43-101 TECHNICAL REPORT ON MINERAL RESOURCE ESTIMATE FOR QUARTZ MOUNTAIN GOLD PROJECTCOMMENCED TRADING ON OTCQB® VENTURE MARKET UNDER “QGLDF”PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) OF QUARTZ MOUNTAIN GOLD PROJECT STARTED WITH KAPPES CASSIDAY INITIATED TWO DRILL CAMPAIGNS AT MINE CENTRE GOLD PROJECT IN CANADAADVANCED PER ...

Core Viewpoint - Q-Gold Resources Ltd. has appointed Jamsheed Mehta to its Board of Directors, bringing extensive capital markets experience to the company, which is focused on advancing its exploration and development initiatives, particularly the Quartz Mountain Gold Project [1][2][3]. Management Changes - Jamsheed Mehta has over 35 years of capital markets experience, including a 31-year tenure at BMO Capital Markets, where he held senior leadership roles and was Vice-Chair until 2023 [2][4]. - Scott Moore has been appointed as VP Corporate Development, bringing over 25 years of experience in the resource sector, including previous roles as CEO of Euro Sun Mining Inc. and President of Dacha Strategic Metals [5]. Quartz Mountain Gold Project - The Quartz Mountain Gold Project, located in southern Oregon, is QGold's flagship asset and represents a significant gold development opportunity in a historically productive mining district [6][7]. - The project was acquired from Alamos Gold in Q4 2025 and has a mineral resource estimate of approximately 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t within 50,002,000 tonnes in the indicated category [7][8]. - An additional 148,000 ounces of gold at a grade of 0.77 g/t and 135,000 ounces of silver at a grade of 0.70 g/t are included in the inferred category [8]. Strategic Initiatives - QGold has engaged Kappes, Cassiday & Associates to initiate a preliminary economic assessment on the Quartz Mountain Gold Project, indicating a proactive approach to project development [7]. - The company aims to progress its portfolio of gold and silver assets toward production, focusing on resource expansion and responsible environmental stewardship [12].

Core Insights - Q-Gold Resources Ltd. has appointed Jamsheed Mehta to its Board of Directors, effective immediately, bringing over 35 years of capital markets experience [1][2] - The company also appointed Scott Moore as VP Corporate Development, who has over 25 years of experience in the resource sector [5] Leadership Changes - Jamsheed Mehta's extensive background includes a 31-year tenure at BMO Capital Markets, where he held senior leadership roles and was Vice-Chair until 2023 [2][3] - Scott Moore has previously served as CEO of Euro Sun Mining Inc. and has a strong background in resource management [5] Quartz Mountain Gold Project - The Quartz Mountain Gold Project, located in southern Oregon, is Q-Gold's flagship asset and represents a significant gold development opportunity [6][12] - The project was acquired from Alamos Gold in Q4 2025 and has a mineral resource estimate of approximately 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t [7][8] Mineral Resource Estimate - The mineral resource estimate includes an additional 148,000 ounces of gold at a grade of 0.77 g/t and 135,000 ounces of silver at a grade of 0.70 g/t in the inferred category [8] - The estimate is suitable for conventional open-pit mining methods, indicating a favorable development scenario for the project [8]

Core Viewpoint - Q-Gold Resources Ltd. has engaged SLR Consulting to advance environmental baseline studies and permitting strategies for its flagship Quartz Mountain Gold Project in southern Oregon, marking a significant milestone in the project's development [1][3]. Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America [13]. - The company is committed to progressing its portfolio of gold and silver assets toward production, with a primary focus on the Quartz Mountain Gold Project in Oregon and the Mine Centre Gold Project in Ontario [14]. Project Details - The Quartz Mountain Gold Project is located in southern Oregon and is strategically positioned in a historically productive mining district with excellent infrastructure access [8]. - The project was acquired from Alamos Gold Inc. in October 2025 and represents a promising gold development opportunity [4]. Engagement with SLR Consulting - SLR Consulting has extensive experience in mine permitting across North America, particularly in Oregon's regulatory environment, which will help Q-Gold navigate the environmental review and permitting pathway for the Quartz Mountain Gold Project [2]. - The scope of SLR's work includes environmental baseline data collection, permitting strategy development, stakeholder engagement planning, and coordination with relevant regulatory agencies [3]. Mineral Resource Estimate - The recent technical report disclosed an estimated 1.543 million ounces of gold at 0.96 g/t and 2.049 million ounces of silver at 1.27 g/t within 50,002,000 tonnes in the indicated category, plus an additional 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t within 5,992,000 tonnes in the inferred category [9][6]. - The Mineral Resource Estimate indicates that the deposit is amenable to conventional open-pit mining methods [5].

Major Permitting Milestone for Flagship Oregon Gold AssetTORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) ("QGold" or the "Company") is pleased to announce the engagement of SLR Consulting (“SLR”), a leading environmental and permitting consulting firm operating from Portland, Oregon, to advance environmental baseline studies and permitting strategies for the Company's flagship Quartz Mountain Gold Project in southern Oregon, USA. This engagem ...

Core Insights - Q-Gold Resources Ltd. has signed an agreement with Kappes, Cassiday & Associates to initiate a preliminary economic assessment (PEA) for the Quartz Mountain Gold Project in Oregon, USA [1][2] - The PEA will evaluate the project's economic potential, including mining methods, processing options, capital and operating costs, and projected financial returns [3] - The Quartz Mountain Gold Project has an estimated mineral resource of 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t [5] Company Developments - The engagement of KCA, along with a recently completed NI 43-101 technical report, positions Q-Gold to unlock significant shareholder value from the Quartz Mountain Gold Project [2] - The project was acquired from Alamos Gold in Q3 2025 and is located in a historically proven mining district [2][4] - The results of the PEA are expected in the coming months and will serve as a foundation for future technical studies and permitting activities [4] Strategic Positioning - The project benefits from its favorable location, established infrastructure, and solid mineral resource base, with gold being designated as a strategic asset in the USA [4] - Q-Gold is focused on advancing its portfolio of gold and silver assets toward production, with primary emphasis on the Quartz Mountain Gold Project and the Mine Centre Gold Project in Ontario, Canada [9]

Core Insights - Q-Gold Resources Ltd. has signed an agreement with Kappes, Cassiday & Associates to initiate a preliminary economic assessment (PEA) for the Quartz Mountain Gold Project in Oregon, USA [1][2] - The PEA aims to evaluate the project's economic potential, including mining methods, processing options, capital and operating costs, and projected financial returns [3][4] - The Quartz Mountain Gold Project has an estimated mineral resource of 1,543,000 ounces of gold at a grade of 0.96 g/t and 2,049,000 ounces of silver at a grade of 1.27 g/t [5] Company Developments - The engagement of KCA, along with a recently completed NI 43-101 technical report, positions Q-Gold to unlock significant shareholder value from the Quartz Mountain Gold Project [2] - The project was acquired from Alamos Gold in Q3 2025 and is located in a historically proven mining district [2][4] - Q-Gold anticipates an active period ahead as it advances the Quartz Mountain Gold Project through critical development milestones in 2025 and 2026 [2] Project Details - The PEA will provide a comprehensive evaluation of the project's economic potential and is expected to be completed in the coming months [3][4] - The Quartz Mountain Gold Project is amenable to conventional open-pit mining methods [5] - The project benefits from its favorable location, established infrastructure, and solid mineral resource base, with gold designated as a strategic asset in the USA [4]

Core Viewpoint - Alamos Gold Inc. has entered into a binding agreement to sell its non-core Quartz Mountain Gold Project to Q-Gold Resources Ltd. for total consideration of up to $21 million and a 9.9% equity interest in Q-Gold, aligning with its strategy to monetize non-core assets while focusing on high-return growth projects [2][3]. Transaction Details - The transaction includes $2.85 million in cash and a 9.9% equity stake in Q-Gold upon closing [2]. - Alamos will receive $8.15 million in guaranteed payments, structured as follows: $3.15 million one year after closing, $2.5 million two years after, and $2.5 million three years after [6]. - Additionally, there are $10 million in milestone payments contingent on project developments, including $5 million upon completion of a feasibility study or construction decision, and another $5 million upon receiving key permits [6]. Strategic Rationale - The sale of Quartz Mountain is part of Alamos's strategy to focus on developing high-return growth projects, such as the Phase 3+ Expansion at Island Gold and the Lynn Lake project [3]. - The company expresses confidence in Q-Gold's ability to advance the Quartz Mountain project, indicating a positive outlook for future collaboration as a significant shareholder [3]. Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America, including the Island Gold District and the Young-Davidson mine in Canada, and the Mulatos District in Mexico [5]. - The company has a significant portfolio of development-stage projects and employs over 2,400 people, committed to sustainable development practices [5].