Q-Gold Successfully Completes Expansion of Mineral Claim Position at Quartz Mountain Gold Project, Oregon

Q-Gold Resources Ltd. has completed the staking of new mineral claims contiguous to its existing Quartz Mountain Gold Project land package in Lake County, Oregon. The expansion is designed to provide two primary benefits: exploration upside beyond the currently defined Crone Hill and Quartz Butte resources, and additional land for future infrastructure, including processing facilities, waste rock, heap leach areas, access roads, and water management.

The company references a recently completed Preliminary Economic Assessment (PEA) demonstrating robust project economics and notes ongoing permitting, engineering, and stakeholder engagement. Management describes the move as a proactive, disciplined step to support long-term value creation and project flexibility.

Q-Gold Resources Ltd. (QGR) has announced a claim expansion, described as an expected, incremental follow-up to the Preliminary Economic Assessment (PEA) filing in May 2026 and the U.S. Forest Service approval for Angel's Camp exploration in April 2026. The move does not alter the existing resource estimate, PEA economics, or near-term development timeline.

The primary value of the expansion lies in optionality: securing land for infrastructure reduces future permitting friction and allows for a more efficient mine layout. However, the announcement does not generate immediate cash flow or change the capital expenditure profile. Given the market's prior awareness of the PEA and permitting milestones, the announcement is considered routine and unlikely to drive significant price appreciation on its own.

Q-Gold Resources Ltd. (QGR) is a pre-revenue gold exploration and development company focused on North American assets. Its flagship asset is the Quartz Mountain Gold Project in Oregon, an advanced-stage property that has completed a preliminary economic assessment (PEA). The PEA indicates an after-tax net present value (NPV) of US$1.71 billion at a 5% discount rate, an internal rate of return (IRR) of 55.2%, and a 14-year mine life. At a gold price of $3,265/oz, the project’s all-in sustaining costs (AISC) are projected at US$1,216/oz.

The company also holds secondary assets, including the Angel's Camp project in Oregon, which is a 50% joint venture with an option to acquire 100%, and the Mine Centre project in Ontario, which features exploration-stage historic high-grade veins. The Quartz Mountain project is located on U.S. Forest Service land, which requires National Environmental Policy Act (NEPA) permitting. Management has hired experienced permitting and exploration directors to navigate the regulatory environment.