Q-Gold Resources Secures $1.69M Flow-Through Financing to Accelerate Ontario Gold Project

Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) has successfully completed a non-brokered private placement, raising $1,694,503 through the issuance of 4,841,437 flow-through common shares at $0.35 per share. The financing, which closed on December 23, 2025, represents a key funding milestone for the company’s exploration initiatives.

Capital Deployment and Project Focus

The capital raised will be directed toward exploration activities on QGold’s Mine Centre gold project located in Ontario, Canada. This funding injection positions the company to accelerate drilling and geological investigations at the asset, advancing it toward production-ready status. The flow-through structure allows Canadian investors to claim tax deductions on their investments, a mechanism commonly utilized by exploration-stage companies listed on the TSX Venture Index and similar Canadian exchanges.

Transaction Details and Holder Restrictions

Investors acquiring shares through this offering are subject to a standard four-month hold period, expiring on April 24, 2026. In conjunction with the placement, QGold compensated finders with $127,560.24 in cash and distributed 364,456 non-transferable finder warrants. These warrants grant holders the right to purchase one common share at $0.35 each, exercisable through December 23, 2027, providing finders with additional upside exposure.

Company Overview

QGold operates as a North American mineral exploration enterprise with listings across multiple exchanges: the TSX Venture Exchange (QGR), OTCQB Markets (QGLDF), and Börse Frankfurt (QX9G). The company’s portfolio centers on two flagship assets: the Quartz Mountain gold project in Oregon and the Mine Centre property in Ontario. QGold’s operational strategy emphasizes systematic exploration in stable regulatory jurisdictions supported by established mining infrastructure, combined with environmental responsibility and disciplined technical evaluation protocols.

The company remains committed to advancing its gold and silver project pipeline toward commercial production while maintaining robust operational standards and stakeholder engagement practices.

Regulatory Status

Final approval from the TSX Venture Exchange is required for the offering to reach completion. Forward-looking statements regarding exploration programs, project development timelines, and production aspirations are subject to various risks including commodity price volatility, jurisdictional regulatory changes, and operational challenges inherent to mineral exploration activities. Investors should refer to regulatory filings for comprehensive risk disclosures.

Contact Information: Peter Tagliamonte, P.Eng., Chief Executive Officer Email: pwt@qgoldresources.com Cell: +1 (416) 564-2880 Website: www.qgoldresources.com

This press release contains forward-looking information subject to risks and uncertainties. The securities described have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without compliance with applicable securities laws. The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.