Mr. Peter Tagliamonte reports

QGOLD STRENGTHENS MANAGEMENT TEAM WITH KEY APPOINTMENTS AS IT ADVANCES THE QUARTZ MOUNTAIN GOLD PROJECT

Q-Gold Resources Ltd. has appointed Catherine Callaghan as Director of Permitting and Community Affairs, and Wolfgang (Wolf) Schleiss as Director of Exploration, Quartz Mountain and Great basin region. These high-calibre additions bring unmatched expertise, project-specific knowledge and deep local connections to propel the responsible development of the company's flagship Quartz Mountain gold project located in Oregon, United States.

Ms. Callaghan -- director of permitting and community affairs

Ms. Callaghan brings more than 25 years of technical and permitting excellence, highlighted by a 36-year career (retired) with the U.S. Forest Service (USFS). In senior roles, she managed permitting of complex land use and infrastructure initiatives on federal lands. Critically for Q-Gold, she directly administered permitting and monitoring for all exploration plans of operations at Quartz Mountain over the past 15 years on behalf of the Fremont-Winema National Forest -- providing unparalleled site familiarity and regulatory insight to streamline advancement.

A fifth-generation resident of Lake county, Oregon, Ms. Callaghan maintains strong community ties through active volunteering with Soroptimist International of Lakeview and the Lake District Hospital Auxiliary. Her dedication to service and stewardship mirrors Q-Gold's commitment to sustainable, community-focused development.

"We are delighted to welcome Catherine to the Q-Gold team," said Peter Tagliamonte, Q-Gold's president and chief executive officer. "Her distinguished record in overseeing critical projects, direct Quartz Mountain experience and deep Lake county roots make her an ideal leader to advance permitting while strengthening our role as a trusted local partner."

Mr. Schleiss -- director of exploration, Quartz Mountain and Great basin region

Mr. Schleiss brings over 40 years of distinguished exploration success across gold, precious/base metals and industrial/rare earth minerals. He holds a master in geology from Michigan Technological University (1986) and an undergraduate degree from the University of Wisconsin-Milwaukee. His career spans North America, Europe, Russia and India with leading companies, including Duval Corp., Battle Mountain Gold, Phelps Dodge, Unimin Corp. and Alamos Gold.

Most recently, Mr. Schleiss served as exploration manager for Quartz Mountain under Alamos Gold, granting him intimate knowledge of the deposit, geology and Angel's Camp upside. He is a registered professional geologist and fellow of the Society of Economic Geologists.

"We are excited to have Wolf join Q-Gold," continued Mr. Tagliamonte. "His deep technical knowledge and proven leadership in exploration will be critical as we advance both exploration and permitting at Quartz Mountain. Wolf's experience will also play a pivotal role in driving Q-Gold's broader growth strategy across the United States."

These appointments fortify Q-Gold's team to advance the Quartz Mountain gold project -- a predevelopment gold/silver project with an established recently published National Instrument 43-101 mineral resource estimate (see the technical report (defined below)), attractive open-pit characteristics and significant exploration potential -- while delivering value for shareholders and positive impacts for Lake county.

Recent Oregon permitting developments

On Jan. 28, 2026, the federal government of the United States approved Paramount Gold Nevada Corp.'s Grassy Mountain gold project in Oregon. This record of decision respecting the project signed by the U.S. Bureau of Land Management represents the culmination of the U.S. Federal Environmental review process under the U.S. National Environmental Policy Act. This approval represents the first time a gold mining development has advanced through Oregon's unified permitting framework.

Mr. Tagliamonte stated: "Q-Gold would like to congratulate our neighbours in Oregon for this milestone achievement. This federal approval demonstrates that well-designed gold mining projects can successfully navigate regulatory framework existing in Oregon, reinforcing our confidence in advancing our Quartz Mountain gold project."

Looking ahead

With these two key appointments, Q-Gold has strengthened its team to ensure the responsible and efficient advancement of the Quartz Mountain gold project. With the recent permitting success in the Oregon mining sector noted above, the company remains focused on completing its preliminary economic assessment on the project, advancing permitting efforts, and unlocking value for its shareholders and the Lake county community.

About the Quartz Mountain gold project

The Quartz Mountain gold project is located in southern Oregon and represents Q-Gold's flagship asset. Strategically positioned in a historically productive mining district with excellent infrastructure access, the project is a promising gold development opportunity.

Acquired from Alamos Gold in Q4 2025, the Quartz Mountain gold project is a promising gold development project in southern Oregon. Q-Gold recently published a mineral resource estimate in a technical report dated effective Sept. 26, 2025, for the Quartz Mountain gold project.

The highlights of the mineral resource estimate include:

• An estimated 1,543,000 ounces of gold with a grade of 0.96 gram per tonne and 2,049,000 ounces of silver with a grade of 1.27 g/t within 50,002,000 tonnes in the indicated mineral resource category;
• An additional 148,000 ounces of gold with a grade of 0.77 g/t and 135,000 ounces of silver with a grade of 0.70 g/t within 5,992,000 tonnes in the inferred mineral resource category.

The mineral resource estimate is amenable to conventional open-pit mining methods.

Q-Gold also announced, by a press release dated Nov. 21, 2025, the engagement of leading engineering firm Kappes Cassiday & Associates of Reno, Nev., to initiate a preliminary economic assessment on Quartz Mountain gold project. The technical report and a copy of the above-mentioned press release are available on the company's SEDAR+ profile.

Qualified persons

The scientific and technical information contained in this news release has been reviewed and approved by Fred Brown, PGeo, an independent consultant of the company, and Dr. Andreas Rompel, PrSciNat, vice-president, exploration, and a director of Q-Gold, each a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Q-Gold Resources Ltd.

Q-Gold Resources is a publicly traded North American-based mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America.

The company's shares are listed on the TSX Venture Exchange under the symbol QGR, the OTCQB market in the United States under the symbol QGLDF and the Borse Frankfurt exchange under the symbol QX9G.

Q-Gold is committed to progressing its portfolio of gold and silver assets toward production, with its primary focus on its flagship Quartz Mountain gold project in Oregon (United States) and the Mine Centre gold project in Ontario (Canada).

Q-Gold focuses on resource expansion through systematic exploration, disciplined project development backed by rigorous technical work and responsible environmental stewardship in mining-friendly jurisdictions with established infrastructure.

We seek Safe Harbor.