Dr. Andreas Rompel reports

Q-GOLD RESOURCES COMPLETES PHASE III DIAMOND DRILLING AT THE HISTORIC FOLEY SHAFT AREA AND INTERSECTS VISIBLE GOLD

Q-Gold Resources Ltd. has completed its phase 3 diamond drilling program at the historic Foley shaft, part of its Mine Centre project in Northwestern Ontario. The drill holes successfully intersected the anticipated auriferous quartz veins and highlights include:

• Hole Q25-23 which intersected a polymetallic quartz vein with visible pyrite, chalcopyrite, sphalerite and galena;
• Hole Q25-24 which intersected visible gold within a 2.4-metre-wide zone of intense quartz veining.

These encouraging results reinforce the high-grade gold potential of the Foley shaft area and will guide follow-up exploration efforts.

The drill program was carried out by Rodren Drilling Ltd., which has been part of the company's drilling phases from the onset in 2021. The targets were selected based on promising results from the 2022 phase 2 campaign, during which borehole Q22-16 for instance intersected two mineralized veins. Notably, these included 14.8 grams per tonne gold (Au) and 21.7 g/t silver (Ag) over 0.52 metre, and Q22-12 intersected 4.23 g/t gold (Au) and 1,910 g/t silver (Ag) over 1.6 m (see the company's press release dated March 27, 2023). These intersections and preliminary results of this drill program confirmed the presence of significant mineralization within the various veins and highlight the potential for further development. This phase 3 program has expanded the company's understanding of the mineralized zones, lateral and vertical continuity of the high-grade structures, and the company believes it will support future resource delineation efforts at Mine Centre.

The drill program is the first step in a four-stage exploration plan (see the company's press release dated May 29, 2025) that is focused on defining a NI 43-101 (defined below) compliant mineral resource on the property.

Q-Gold remains committed to unlocking the potential of this underexplored historic mining district, leveraging modern exploration techniques to build shareholder value.

Dr. Andreas Rompel, president and chief executive officer of Q-Gold, stated: "We are encouraged by the initial success of our phase 3 drilling campaign and eagerly await assay results from the six diamond drill holes. These early outcomes strengthen our confidence in continuing exploration along the known auriferous veins and pursuing the discovery of additional, yet-unidentified veins within our concession."

About the existing Mine Centre property

Q-Gold holds 10,000-plus acres of contiguous mining claims, Crown leases and leasehold patents located within the historic Mine Centre 1890s gold camp, which historically produced 16,025 ounces of gold from the Foley gold mine and the Golden Star mine.

The Foley gold mine was first developed in the 1890s, with the sinking of the Foley shaft to the 400-foot level. At this time 10,500 tons of ore at 14 grams per tonne were mined from stopes at the 100-foot level with 5,267 ounces of gold recovered between 1898 and 1900. Subsequent work between 1923 and 1927 included an estimated $12-million of total development work, including an offset shaft 400-foot - 850-foot, winze 400-foot to 150-foot and 2.5-plus kilometres of drifts on seven levels. Operations terminated in 1927 due to the onset of the Great Depression.

The Mine Centre property has favourable logistics with immediate access to Highway 11, sitting 250 km northwest of Thunder Bay and 65 km northeast of the United States border. It is also proximal to two major gold discoveries 95 km on either side of Mine Centre: Rainy River (New Gold) and Hammond Reef (Agnico Eagle).

Other interest areas on the property include the McKenzie Gray vein system, a gold-silver vein system with 6,594 m of drilling confirming the existence of high-grade quartz veins down to 100 m, as well as the Golden Star, Manhattan and Fergus vein systems, all high-potential gold vein prospects offering what the company believes to be tremendous optionality at Mine Centre.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Jason Arnold, PGeo, an independent consultant who is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Q-Gold Resources Ltd.

Q-Gold Resources is a publicly traded Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley gold mine in Mine Centre, Ont.

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