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Q-Gold Resources Ltd (5)
Symbol QGR
Shares Issued 194,055,890
Close 2026-08-19 C$ 0.165
Market Cap C$ 32,019,222
Recent Sedar+ Documents

Q-Gold completes expansion of claims at Quartz Mountain

2026-08-19 16:16 ET - News Release

Mr. Peter Tagliamonte reports

Q-GOLD SUCCESSFULLY COMPLETES EXPANSION OF MINERAL CLAIM POSITION AT QUARTZ MOUNTAIN GOLD PROJECT, OREGON

Q-Gold Resources Ltd. has completed a significant expansion of its mineral claim holdings at the Quartz Mountain gold project in Lake county, Oregon. Through the staking of new claims, the company has materially enlarged the land package surrounding its existing claim block, increasing Q-Gold's geological and operational footprint in this underexplored gold district in the Western United States.

The newly staked claims surround and are contiguous with the company's existing Quartz Mountain claim block, creating a larger, consolidated land position along the Klamath Falls-Lakeview Highway (Oregon Highway 140) corridor. The expanded footprint is intended to support both regional exploration and longer-term project planning as Quartz Mountain advances.

Strategic rationale

The claim expansion supports two principal priorities for the company:

  • Exploration upside: The enlarged land package extends Q-Gold's geological footprint beyond the boundaries of the currently defined resource at the Crone Hill and Quartz Butte deposits. The additional ground provides room for regional-scale exploration and evaluation of potential mineralized zones outside the existing resource area.
  • Future infrastructure flexibility: If the company elects to proceed with development and operation of a mine at Quartz Mountain, the expanded claim position provides additional land that may support future site infrastructure, potentially including processing facilities, waste rock and heap leach areas, access roads, water management infrastructure, and other site facilities. This additional ground provides greater flexibility for future engineering, mine planning and permitting work.

Management commentary

"This claim expansion is a proactive strategic step in advancing the long-term potential of Quartz Mountain. By enlarging our land position around the existing resource, we are opening additional ground for exploration while also preserving important flexibility for potential future project infrastructure as engineering and permitting work progresses. This is disciplined, forward-looking work designed to support the continued advancement of Quartz Mountain and long-term value creation for our shareholders," said Peter Tagliamonte, PEng, MBA, chairman and chief executive officer.

About the Quartz Mountain gold project

The Quartz Mountain gold project is located in Lake county, Oregon, and is one of the largest undeveloped gold projects in the Western United States. Q-Gold recently completed a preliminary economic assessment for the project (the PEA) demonstrating robust project economics, and the company continues to advance permitting, engineering and stakeholder engagement activities in support of Quartz Mountain's long-term development. The project consists of the (i) Angel's Camp property, in which the company indirectly holds a 50-per-cent unincorporated joint venture interest and an option to acquire the remaining 50 per cent, and (i) Quartz Mountain property, in which the company indirectly holds an option to acquire a 100-per-cent interest, subject to the completion of several conditions. For more information about the project, please refer to the PEA, a copy of which is available under the company's SEDAR+ profile.

About Q-Gold Resources Ltd.

Q-Gold is a gold exploration and development company advancing the Quartz Mountain gold project in Oregon, United States, and holds an interest in the Foley gold mine project in Mine Centre, Ontario, Canada.

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

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