Mr. Peter Tagliamonte reports

QGOLD RECEIVES U.S. FOREST SERVICE APPROVAL FOR ANGEL'S CAMP EXPLORATION PROGRAM AT QUARTZ MOUNTAIN GOLD PROJECT

Q-Gold Resources Ltd. has received approval from the United States Forest Service (USFS) for its Angel's Camp exploration program at its Quartz Mountain gold project located on National Forest System land in Oregon.

"Q-Gold's receipt of US Forest Service approval for our Angel's Camp exploration program is a significant milestone and marks the beginning of an exciting phase of field activity at our Quartz Mountain gold project," said Peter Tagliamonte, chairman and chief executive officer of Q-Gold. "The geochemical soil sampling program is anticipated to allow us to systematically evaluate what we believe to be the very prospective Angel's Camp target area across approximately 2,660 acres and generate high-quality data to prioritize future drill targets."

Quartz Mountain gold project

The Quartz Mountain gold project is situated on National Forest System land administered by the USFS in Oregon. The Quartz Mountain gold project consists of two primary areas: Angel's Camp and Quartz Mountain. Q-Gold has submitted exploration authorization applications to the USFS for both target areas, and the company is now pleased to confirm that the Angel's Camp upcoming exploration activities have been formally approved.

Angel's Camp exploration program

The Angel's Camp exploration program will focus on a comprehensive geochemical soil sampling campaign designed to systematically sample the project area and identify gold anomalies for the prioritization of drill targets. This program has been authorized by the USFS and will cover approximately 2,660 acres, encompassing roughly half of the eastern portion of the Quartz Mountain gold project claim block known as Angel's Camp.

The geochemical data generated through this program will be integrated with existing geological information to develop a prioritized drill target model, guiding the company's subsequent drilling activities at the project.

2026 summer exploration program

Q-Gold plans to initiate its summer exploration program at the Quartz Mountain gold project in late June, 2026, with field activities continuing through the summer and into the fall. The program is designed to advance both the Angel's Camp geochemical survey and, pending USFS approval of the company's plan of operations, the Quartz Mountain metallurgical, density, hydrology, geotechnical and exploration drilling program, as the company progresses towards a feasibility study respecting the project.

Results from both programs will be reported as they become available, and the company looks forward to providing updates as exploration advances.

About the Quartz Mountain gold project

The Quartz Mountain gold project is located in Lake County, southern Oregon, and represents Q-Gold's flagship asset. Acquired from Alamos Gold Inc. in the fourth quarter of 2025, the project is strategically situated in a historically productive gold district with excellent infrastructure access.

Q-Gold recently published summary of economic results of its forthcoming preliminary economic assessment (PEA) by way of a press release dated April 8, 2026, for the Quartz Mountain gold project, a copy of which is available under the company's SEDAR+ profile.

Please see the April 8, 2026, press release for details of the project's economics.

The full PEA will be made available on the company's SEDAR+ profile and on the company's website on or before May 23, 2026.

Qualified persons

The scientific and technical information contained in this news release has been reviewed and approved by Fred Brown, PGeo, an independent consultant to the company, and Dr. Andreas Rompel, vice-president exploration and a director of Q-Gold, Pr.Sci.Nat., 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 mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America. The company's primary focus is its flagship Quartz Mountain gold project in Oregon, and its Mine Centre gold project in Ontario. Q-Gold is committed to responsible environmental stewardship, systematic resource expansion and disciplined project development.

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