Mr. Peter Tagliamonte reports

QGOLD COMMENCES TRADING ON OTCQB® UNDER QGLDF ON THE VENTURE MARKET

Q-Gold Resources Ltd.'s common shares have commenced trading on the OTCQB Venture Market, a United States trading platform operated by OTC Markets Group Inc.

Effective Oct. 28, 2025, Q-Gold began trading under the symbol QGLDF.

Peter Tagliamonte, president and chief executive officer of Q-Gold, stated: "We're pleased to enhance visibility and access for our U.S. shareholders through this OTCQB listing. It marks an important step in our plan to broaden our investor base as we advance exploration and engineering programs following our publication of an updated mineral resource estimate at our recently acquired Quartz Mountain gold project."

Q-Gold recently published the updated mineral resource estimate in a technical report dated effective Sept. 26, 2025, respecting the Quartz Mountain gold project in Oregon, United States. The highlights of the mineral resource estimate were:

• An indicated mineral resource with a total of 1,543,000 million ounces Au (gold) at a grade of 0.96 g/t Au;
• An inferred mineral resource includes a total of 0.148 Moz Au at a grade of 0.77 g/t Au;
• The mineral resource estimate is amenable to conventional open-pit mining methods with a low stripping ratio.

Q-Gold intends to initiate the federal and state permitting process required to advance the Quartz Mountain gold project. As part of this effort, the company expects to submit the necessary applications for inclusion under the United States federal FAST-41 program, which is designed to streamline environmental reviews and improve interagency coordination for qualifying infrastructure projects being reviewed by federal agencies.

The company also announced today that it has granted an aggregate amount of 10.45 million stock options to certain directors, officers and consultants pursuant to its stock option plan. The options vest immediately, are subject to a four-month hold period from the date of grant and may be exercised at a price of 20 cents per option for a period of five years from the date of grant. The grant of options remains subject to the approval of the TSX Venture Exchange.

For more information about the mineral resource estimate, please see the company's press release dated Oct. 23, 2025, as well as the technical report, each of which is available under the company's SEDAR+ profile.

Qualified persons

The scientific and technical information contained in this news release has been reviewed and approved by Fred Brown, PGeo, and Dr. Andreas Rompel, vice-president, exploration of Q-Gold, PrSciNat, each a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Q-Gold Resources Ltd.

Q-Gold Resources is a publicly traded North American-based mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America. The company's shares are listed on the TSX Venture Exchange under the symbol QGR, the OTCQB market in the United States under QGLDF and the Borse Frankfurt exchange under QX9G.

Q-Gold is committed to progressing its portfolio of assets toward production with its flagship Quartz Mountain gold project in Oregon (United States) and its Mine Centre gold project in Ontario (Canada).

We seek Safe Harbor.