QGold Resources Delivers Transformational Year With Quartz Mountain Gold Project Acquisition, $11.5m Financing, and Updated Mineral Resource Estimate; Advances 2026 Development Strategy

Executive Summary

• Q‑Gold Resources closed a fully subscribed $11.5 million private placement financing, providing runway for multiple project work streams.
• The company completed the acquisition of the advanced‑stage Quartz Mountain Gold Project from Alamos Gold, adding ~1.54 Moz Au and 2.05 Moz Ag in indicated resources.
• A new NI 43‑101 technical report disclosed the updated mineral resource estimate; a Preliminary Economic Assessment (PEA) has been engaged with Kappes Cassiday, with results expected Q2 2026.

Key Details

• Financing: Private placement closed 3 Oct 2025; gross proceeds $11,500,000 (including 15% overallotment); BMO Capital Markets acted as agent; proceeds earmarked for PEA, permitting, exploration and general corporate purposes.
• Acquisition: Option to acquire Quartz Mountain Gold Project exercised 22 Oct 2025 from Alamos Gold; project comprises Quartz Mountain and Angel’s Camp properties (~4,823 acres) in Oregon’s gold belt.
• Technical Report & Resource Estimate (NI 43‑101): Filed 20 Oct 2025; announced 23 Oct 2025.
• Indicated resources: 1,543,000 oz Au @ 0.96 g/t and 2,049,000 oz Ag @ 1.27 g/t in 50,002,000 t.
• Inferred resources: 148,000 oz Au @ 0.77 g/t and 135,000 oz Ag @ 0.70 g/t in 5,992,000 t.
• Resource amenable to conventional open‑pit mining.
• PEA Initiation: Kappes Cassiday engaged 21 Nov 2025 to conduct PEA for Quartz Mountain; scope includes mining methods, processing options, capex/opex, and financial returns; anticipated completion Q2 2026.
• Trading Expansion: Commenced quotation on OTCQB® Venture Market under “QGLDF” in 2025 (in addition to TSXV “QGR” and Frankfurt “QX9G”).
• Exploration – Mine Centre Gold Project: Two drill campaigns completed in 2025; results under evaluation; program for 2026 underway targeting additional veins.
• Permitting Advancement: SLR International retained to advance baseline environmental studies and permitting for Quartz Mountain; work proceeding parallel to technical studies.
• Board Appointments: Added Scott Parsons (VP Exploration, Alamos Gold) and Jamsheed Mehta (former Vice‑Chair, BMO Capital Markets) as directors.
• 2026 Priorities & Catalysts:
• Complete PEA for Quartz Mountain.
• Secure initial exploration permits.
• Initiate drilling at Angel’s Camp and core Quartz Mountain zones.
• Conduct metallurgical drilling and test work.
• Pursue additional North‑American gold/silver acquisition opportunities.

Notable Quotes

“With momentum from our transformative 2025 achievements, we firmly believe that 2026 is poised to be a year of execution and value creation,” – Peter Tagliamonte, President & CEO.