Mr. Peter Tagliamonte reports

QGOLD ANNOUNCES FILING OF FINAL SHORT FORM BASE SHELF PROSPECTUS

Further to its news release dated June 16, 2026, Q-Gold Resources Ltd. has filed and obtained a receipt for a final short-form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada.

The filing of the final shelf prospectus is intended to provide the company with financing flexibility. The final shelf prospectus, subject to securities regulatory requirements, will allow the company to qualify the distribution of up to $80-million of common shares, preferred shares, debt securities, subscription receipts, warrants, units or any combination thereof, from time to time over the 25-month period that the final shelf prospectus remains effective. The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale, including through underwriters, dealers or agents, directly to purchasers, or by way of at-the-market distributions (as defined in National Instrument 44-102, Shelf Distributions) made directly on the TSX Venture Exchange or other existing trading markets for the common shares. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the final shelf prospectus and any prospectus supplement within the 25-month period that it is effective. A copy of the final shelf prospectus and copies of any prospectus supplements that may be filed in the future can be found under the company's SEDAR+ profile.

About Q-Gold Resources Ltd.

Q-Gold Resources is a Canadian gold development and exploration company focused on advancing high-quality gold assets in North America. The company's primary assets are the Quartz Mountain gold project in Oregon, United States, and the Mine Centre gold project in Ontario, Canada.

The company remains focused on disciplined project advancement, responsible resource development and long-term shareholder value creation through the development and exploration of high-quality North American gold assets.

We seek Safe Harbor.