Q-Gold appoints Callaghan as permitting director

Executive Summary

• Q-Gold Resources Ltd. appointed Catherine Callaghan as Director of Permitting and Community Affairs and Wolfgang (Wolf) Schleiss as Director of Exploration for the Quartz Mountain and Great Basin regions.
• The company highlighted the recent approval of Paramount Gold Nevada Corp.'s Grassy Mountain project in Oregon as a positive regulatory milestone that reinforces confidence in advancing the Quartz Mountain project.
• Q-Gold reaffirmed its focus on completing a Preliminary Economic Assessment (PEA) and advancing permitting for the Quartz Mountain gold project, citing a recently published NI 43-101 mineral resource estimate.

Key Details

• Management Appointments:
  • Catherine Callaghan (Director of Permitting and Community Affairs): Brings 25+ years of experience, including a 36-year career with the U.S. Forest Service. She previously administered permitting and monitoring for exploration plans at Quartz Mountain for 15 years on behalf of the Fremont-Winema National Forest.
  • Wolfgang (Wolf) Schleiss (Director of Exploration, Quartz Mountain and Great Basin region): Brings 40+ years of exploration experience across gold, precious/base metals, and industrial/rare earth minerals. Previously served as exploration manager for Quartz Mountain under Alamos Gold. Holds a Master’s in Geology from Michigan Technological University.
• Regulatory Context:
  • On Jan. 28, 2026, the U.S. Bureau of Land Management signed a Record of Decision approving Paramount Gold Nevada Corp.'s Grassy Mountain gold project.
  • This marks the first gold mining development to advance through Oregon's unified permitting framework under the National Environmental Policy Act.
• Project Status & Technical Data (Quartz Mountain Gold Project):
  • Mineral Resource Estimate (Effective Sept. 26, 2025):
    • Indicated: 1,543,000 oz Au @ 0.96 g/t and 2,049,000 oz Ag @ 1.27 g/t within 50,002,000 tonnes.
    • Inferred: 148,000 oz Au @ 0.77 g/t and 135,000 oz Ag @ 0.70 g/t within 5,992,000 tonnes.
  • Mining Method: Amenable to conventional open-pit mining.
  • Next Steps: Engagement of Kappes Cassiday & Associates (announced Nov. 21, 2025) to initiate a Preliminary Economic Assessment (PEA).
• Company Background:
  • Quartz Mountain was acquired from Alamos Gold in Q4 2025.
  • Shares trade on TSX Venture (QGR), OTCQB (QGLDF), and Borse Frankfurt (QX9G).

Notable Quotes

• Peter Tagliamonte, President and CEO: "We are delighted to welcome Catherine to the Q-Gold team... Her distinguished record in overseeing critical projects, direct Quartz Mountain experience and deep Lake county roots make her an ideal leader to advance permitting while strengthening our role as a trusted local partner."
• Peter Tagliamonte, President and CEO: "We are excited to have Wolf join Q-Gold... His deep technical knowledge and proven leadership in exploration will be critical as we advance both exploration and permitting at Quartz Mountain."
• Peter Tagliamonte, President and CEO: "Q-Gold would like to congratulate our neighbours in Oregon for this milestone achievement. This federal approval demonstrates that well-designed gold mining projects can successfully navigate regulatory framework existing in Oregon, reinforcing our confidence in advancing our Quartz Mountain gold project."