Q-Gold hires KCA to conduct PEA on Quartz Mountain

Executive Summary

• Q-Gold Resources Ltd. has engaged Kappes, Cassiday & Associates (KCA) to conduct a Preliminary Economic Assessment (PEA) for its Quartz Mountain gold project in Oregon.
• The PEA follows a recently completed NI 43-101 technical report detailing the mineral resource estimate for the asset, which was acquired from Alamos Gold in Q3 2025.
• Management anticipates an active development period in 2025 and 2026, leveraging the project's strategic location and established infrastructure.

Key Details

• PEA Engagement: Agreement signed with KCA dated Nov. 20, 2025, to initiate a Preliminary Economic Assessment.
• Project Location: Quartz Mountain gold project, south-central Oregon, USA.
• Acquisition Context: Project acquired from Alamos Gold in Q3 2025.
• Mineral Resource Estimate Highlights (Effective Sept. 26, 2025):
  • Indicated Category: 50,002,000 tonnes containing 1,543,000 oz Au (0.96 g/t) and 2,049,000 oz Ag (1.27 g/t).
  • Inferred Category: 5,992,000 tonnes containing 148,000 oz Au (0.77 g/t) and 135,000 oz Ag (0.70 g/t).
  • Mining Method: Amenable to conventional open-pit mining.
• PEA Scope: Evaluation of mining methods, processing options, capital and operating costs, and projected financial returns.
• Timeline: PEA results expected in the coming months to serve as a foundation for future technical studies and permitting.
• Qualified Persons: Fred Brown, PGeo (Independent Consultant) and Dr. Andreas Rompel, PrSciNat (VP Exploration and Director).

Notable Quotes

• "Today's engagement of Kappes Cassiday, combined with our recently completed NI 43-101 technical report, positions QGold to unlock significant shareholder value from this strategically located asset in a proven historic mining district of Oregon, USA," commented Peter Tagliamonte, president and chief executive officer of Q-Gold.
• "With our recently completed financing, we anticipate an exceptionally active period ahead as we advance the Quartz Mountain gold project through critical development milestones in 2025 and 2026."
• "With KCA, QGold is positioned to capitalize on the project's strategic advantages," added Peter Tagliamonte. "These include its favorable location, established infrastructure, solid mineral resource base and the designation of gold as a strategic asset in the USA within a strong gold market."