Mr. Peter Tagliamonte reports

QGOLD CLOSES PRIVATE PLACEMENT FLOW-THROUGH FINANCING

Q-Gold Resources Ltd. has closed its previously announced non-brokered private placement financing of common shares issued on a flow-through basis for proceeds of $1,694,503. For more information on the FT offering, please see the company's press release dated Dec. 12, 2025, a copy of which is available under the company's SEDAR+ profile.

Pursuant to the FT offering, QGold issued 4,841,437 common shares on a flow-through basis at a price of 35 cents per share. The securities issued in connection with the FT offering are subject to a statutory four-month hold period, which expires on April 24, 2026. Completion of the FT offering is subject to receipt of final approval of the TSX Venture Exchange. The company intends to use the proceeds of the FT offering to finance exploration work on its Mine Centre gold project in Ontario, Canada.

In connection with the FT offering, QGold paid finders' fees of $127,560.24 in cash and issued 364,456 non-transferable finder warrants to eligible finders in accordance with TSX-V policies. Each finder warrant entitles the holder thereof to acquire one common share at a price of 35 cents at any time prior to Dec. 23, 2027.

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 Venture Market in the United States under QGLDF and the Borse Frankfurt exchange under QX9G.

QGold is committed to progressing its portfolio of gold and silver assets toward production, with its primary focus on its flagship Quartz Mountain gold project in Oregon (United States) and the Mine Centre gold project in Ontario (Canada).

QGold focuses on mineral resource estimate expansion or establishment through systematic exploration, disciplined project development backed by rigorous technical work and responsible environmental stewardship in mining-friendly jurisdictions with established infrastructure.

We seek Safe Harbor.