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- COMPLETED $11,500,000 FULLY ALLOCATED PRIVATE PLACEMENT FINANCING WITH BMO
- COMPLETED ACQUISITION OF QUARTZ MOUNTAIN ADVANCED GOLD PROJECT IN OREGON, UNITED STATES FROM ALAMOS GOLD
- FILED NEW NI 43-101 TECHNICAL REPORT ON MINERAL RESOURCE ESTIMATE FOR QUARTZ MOUNTAIN GOLD PROJECT
- COMMENCED TRADING ON OTCQB® VENTURE MARKET UNDER “QGLDF”
- PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) OF QUARTZ MOUNTAIN GOLD PROJECT STARTED WITH KAPPES CASSIDAY
- INITIATED TWO DRILL CAMPAIGNS AT MINE CENTRE GOLD PROJECT IN CANADA
- ADVANCED PERMITTING AT QUARTZ MOUNTAIN GOLD PROJECT WITH ENGAGEMENT OF SLR INTERNATIONAL
- BOARD OF DIRECTORS STRENGTHENED WITH INDUSTRY LEADERS: SCOTT PARSONS, VP EXPLORATION OF ALAMOS GOLD, AND JAMSHEED MEHTA, FORMER VICE CHAIR AT BMO CAPITAL MARKETS
Q-Gold Sources Ltd. (TSXV: QGR,OTC:QGLDF; OTCQB: QGLDF; Börse Frankfurt: QX9G) (“QGold” or the “Firm”) is happy to offer the next This fall 2025 shareholder overview and 2026 company methods for the Firm’s flagship Quartz Mountain gold venture (the “Quartz Mountain Gold Undertaking”) in southern Oregon, USA, in addition to the Mine Centre gold venture in Ontario, Canada (the “Mine Centre Gold Undertaking”).
“2025 was a transformational 12 months for QGold,” acknowledged Peter Tagliamonte, President and CEO. “We efficiently accomplished the acquisition of the high-quality Quartz Mountain Gold Undertaking, secured $11.5 million in financing, and delivered an up to date mineral useful resource estimate on the Quartz Mountain Gold Undertaking demonstrating the numerous scale and potential of this advanced-stage asset. I wish to thank our devoted crew, our new board members, and our shareholders and native communities for his or her help as we achieved these important milestones. With robust monetary backing, a strong mineral useful resource estimate base, and skilled technical companions now engaged, we’re exceptionally well-positioned to advance the Quartz Mountain Gold Undertaking by means of financial research and allowing in 2026, bringing us nearer to our objective of turning into Oregon’s subsequent gold producer.”
STRATEGIC FINANCING POSITIONS COMPANY FOR GROWTH
On October 3, 2025, QGold efficiently closed a completely subscribed personal placement financing for gross proceeds of $11,500,000, together with a 15% overallotment, with BMO Capital Markets appearing as agent (the “$11.5m Financing“). The financing considerably strengthened the Firm’s treasury, offering runway to advance a number of work streams throughout each of the Firm’s gold tasks, being the Quartz Mountain Gold Undertaking and the Mine Centre Gold Undertaking. Proceeds are being deployed towards the PEA, allowing development, exploration actions, and basic company functions.
TRANSFORMATIONAL ACQUISITION OF QUARTZ MOUNTAIN GOLD PROJECT
On October 22, 2025, QGold bought the choice to amass the advanced-stage Quartz Mountain Gold Undertaking from Alamos Gold Inc. (“Alamos Gold“), marking a pivotal second within the Firm’s evolution. The venture contains two contiguous properties – Quartz Mountain and Angel’s Camp – roughly 4,823 acres in south-central Oregon’s prolific gold belt. See Determine I under.
The Quartz Mountain Gold Undertaking advantages from over 90,000 meters of historic drilling, in depth geological information, and proximity to glorious infrastructure, together with paved street entry, electrical energy, and supportive communities. This acquisition instantly elevated QGold’s venture portfolio, offering shareholders with publicity to a big, well-defined gold and silver useful resource in a horny jurisdiction.
NI 43-101 TECHNICAL REPORT FOR THE QUARTZ MOUNTAIN GOLD PROJECT
On October 23, 2025, QGold introduced a big milestone by disclosing particulars of an up to date mineral useful resource estimate on the Quartz Mountain Gold Undertaking (the “Mineral Sources Estimate“) following the submitting by the Firm on October 20, 2025 of a brand new technical report (the “Technical Report“) ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives. The brand new Technical Report highlights a comparatively giant indicated mineral useful resource estimate and open-pit amenable useful resource.
Highlights of the Mineral Useful resource Estimate embody:
- An estimated 1,543,000 ounces of gold with a grade of 0.96 g/t and a pair of,049,000 ounces of silver with a grade of 1.27 g/t inside 50,002,000 tonnes within the indicated mineral useful resource class
- A further 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 inside 5,992,000 tonnes within the inferred mineral useful resource class
- The Mineral Useful resource Estimate is amenable to traditional open-pit mining strategies
The completion of the Technical Report enabled QGold to advance its technique to maneuver the Quartz Mountain Gold Undertaking towards growth and manufacturing. The Firm shortly evaluated engineering companies to provoke mining technical research, advancing the venture towards feasibility and growth.
INITIATION OF PRELIMINARY ECONOMIC ASSESSMENT
On November 21, 2025, QGold introduced the engagement of Kappes, Cassiday & Associates (“Kappes Cassiday“), a extremely revered Reno, Nevada-based engineering agency with in depth expertise in gold venture growth and heap leach operations. Kappes Cassiday is conducting the PEA on the Quartz Mountain Gold Undertaking, which is anticipated to offer a complete analysis of the venture’s financial potential. It will embody mining strategies, processing choices, capital and working prices, and projected monetary returns and general venture economics. Kappes Cassiday brings a long time of expertise in metallurgical engineering and mine growth, making it a super accomplice for this important part of development.
The PEA represents a important step in de-risking the venture and demonstrating its financial viability to stakeholders. Completion is anticipated in Q2 2026, positioning QGold to advance towards pre-feasibility research thereafter.
COMMENCES TRADING ON OTCQB® UNDER QGLDF
In 2025, to boost visibility and entry for our U.S. shareholders, QGold expanded its buying and selling presence by commencing citation on the OTCQB® Enterprise Market below the image “QGLDF”, along with its main itemizing on the TSXV below the image “QGR” and its itemizing on the Börse Frankfurt below the image “QX9G”. This extra buying and selling platform is meant to broaden investor entry and improve liquidity for shareholders.
MINE CENTRE GOLD PROJECT EXPLORATION CONTINUES
QGold accomplished two drill campaigns at its Mine Centre Gold Undertaking in Ontario, Canada throughout 2025, testing high-priority targets and increasing the understanding of the venture’s gold potential. Drill outcomes from the second program are below analysis and are anticipated to tell future exploration methods at Mine Centre, which stays an essential asset within the Firm’s portfolio. We even have developed a strong exploration program on the venture for 2026.
The Mine Centre Gold Undertaking is strategically situated within the Quetico area of northwestern Ontario, in proximity to the manufacturing Wet River Mine (New Gold) and the Hammond Reef Improvement Undertaking (Agnico Eagle). See Determine II under.
The Firm’s work thus far has targeted on simply six veins in an space that’s recognized to host greater than 50 gold-bearing constructions. This follow-up marketing campaign represents an essential step in defining the dimensions and continuity of mineralization on the historic Foley Mine space for QGold.
PERMITTING ADVANCEMENT WITH SLR INTERNATIONAL
To make sure environment friendly venture growth timelines, QGold engaged SLR Worldwide Company (“SLR Worldwide“), a number one worldwide environmental consulting agency with places of work in Portland and in depth expertise in Oregon, to advance baseline environmental research and allowing functions for the Quartz Mountain Gold Undertaking. Early-stage allowing work is progressing in parallel with technical research, positioning the Firm to streamline the approval course of as soon as financial research are full.
Oregon maintains a well-established regulatory framework for mining operations, and QGold is dedicated to working collaboratively with regulatory companies, native communities, and stakeholders all through the allowing course of.
The engagement of SLR Worldwide represents a big milestone in advancing the Quartz Mountain Gold Undertaking towards growth.
STRENGTHENED BOARD WITH INDUSTRY LEADERS
The Firm bolstered its board of administrators with two extremely completed business professionals:
Scott Parsons, Director: Presently holding the place of VP Exploration at Alamos Gold Inc. A seasoned exploration geologist with a long time of expertise in gold exploration and useful resource growth, Mr. Parsons brings deep technical experience that’s anticipated to show invaluable to the QGold board because the Firm advances its exploration and growth applications, notably on the Quartz Mountain Gold Undertaking, which was acquired from Alamos Gold in later 2025.
Mr. Parsons holds a Bachelor of Science and a Grasp of Science in geology from Western College, and a Grasp of Enterprise Administration from Athabasca College. He’s a registered skilled geoscientist in Ontario, a fellow of the Australasian Institute of Mining and Metallurgy, and serves as first vice-president and a member of the board of administrators of the PDAC (Prospectors & Builders Affiliation of Canada).
Jamsheed Mehta, Director: The previous Vice Chair of BMO Capital Markets with in depth expertise in capital markets, mining finance, and company technique. Throughout his tenure at BMO Capital Markets, Mr. Mehta held a number of senior management roles, together with Head of Canadian Equities, Derivatives, and ETFs, culminating in his appointment as Vice-Chair in 2015, a place he held till his departure in 2023.
All through his profession, Mr. Mehta has suggested mining firms throughout all phases of development, from grassroots exploration to manufacturing and M&A financing. He performed a pivotal position in shaping BMO Capital Market’s fairness capital markets technique. He was a key member of the financial institution’s Fairness Capital Commitments Committee, overseeing fairness danger exposures and fostering long-term institutional relationships.
Mr. Mehta’s appointment strengthens QGold’s strategic steerage and capital markets relationships because the Firm transitions towards growth.
KEY PRIORITIES AND CATALYSTS FOR 2026:
- Completion of the Preliminary Financial Evaluation: Ship a strong PEA for the Quartz Mountain, offering an unbiased analysis of mining strategies, processing choices, capital and working prices, and general venture economics—establishing a powerful basis for future feasibility examine work.
- Advance Preliminary Exploration Permits at Quartz Mountain: Safe obligatory permits to allow expanded floor and drilling actions, facilitating mineral useful resource estimate development and technical optimization.
- Provoke Exploration Actions at Angel’s Camp: Start focused fieldwork and drilling on the underexplored Angel’s Camp portion of the Quartz Mountain land bundle, aiming to determine new mineralization and improve general venture potential.
- Provoke Exploration Actions at Quartz Mountain: Conduct mineral useful resource estimate enlargement and infill drilling on the core Quartz Mountain venture to help mineral useful resource estimate upgrades and supply materials for superior metallurgical research.
- Metallurgical Drilling, Take a look at Work, and Feasibility Development: Execute devoted metallurgical drilling applications adopted by complete column leach and restoration testing, producing important information to optimize course of flowsheets and help development towards feasibility research and the conversion of mineral useful resource estimates from the indicated class to the measured class.
- Energetic Advertising and Business Engagement: Attend and current at main mining conferences and investor occasions all year long to showcase progress, broaden shareholder consciousness, and strengthen relationships with institutional and retail traders.
- Strategic Undertaking Evaluation: Proceed evaluating high-quality North American gold and silver venture acquisition alternatives to enrich the prevailing portfolio, with a disciplined strategy targeted on value-enhancing, jurisdiction-friendly belongings.
Peter Tagliamonte, President and CEO, commented: “With momentum from our transformative 2025 achievements, we firmly imagine that 2026 is poised to be a 12 months of execution and worth creation. By systematically advancing the Quartz Mountain Gold Undertaking by means of financial research, allowing, and exploration, we purpose to ship a number of catalysts that spotlight the venture’s compelling potential and place QGold as an rising North American gold developer dedicated to accountable exploration and growth practices, clear stakeholder engagement, and creating long-term worth for shareholders, communities, and the State of Oregon and Province of Ontario.”
Determine I – Quartz Mountain Gold Undertaking Location Map
Determine II – Mine Centre Gold Undertaking Location Map
Certified Individuals
The scientific and technical info contained on this information launch has been reviewed and authorised by Fred Brown, P.Geo., an unbiased advisor of the Firm, and Dr. Andreas Rompel, Vice President, Exploration and a director of QGold, Pr.Sci.Nat., every a “certified particular person” inside the which means of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.
In regards to the Quartz Mountain Gold Undertaking
The Quartz Mountain Gold Undertaking is situated in southern Oregon and represents QGold’s flagship asset. Strategically positioned in a traditionally productive mining district with glorious infrastructure entry, the venture is a promising gold growth alternative.
QGold not too long ago printed (October 2025) a technical report ready in accordance with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives. The report disclosed an estimated 1.543 million ounces of gold at 0.96 g/t and a pair of.049 million ounces of silver at 1.27 g/t inside 50,002 kt of mineral assets within the indicated class, plus an extra 148,000 ounces of gold at 0.77 g/t and 135,000 ounces of silver at 0.70 g/t inside 5,992 kt within the inferred class. The venture represents a big alternative for QGold to advance its portfolio and unlock long-term worth for shareholders.
About SLR Worldwide
SLR Worldwide is a premier environmental consulting agency with places of work throughout North America, with a historic presence in Portland, Oregon, going again 20 years. As world leaders in full-spectrum sustainability options, the agency gives help in environmental allowing, baseline research, and regulatory compliance for mining and pure useful resource tasks, with in depth expertise navigating Oregon’s regulatory framework.
About Q-Gold Sources Ltd.
Q-Gold Sources Ltd. (TSXV: QGR,OTC:QGLDF; OTCQB: QGLDF; Börse Frankfurt: QX9G) is a publicly traded North American-based mineral exploration and growth firm targeted on advancing gold and silver tasks in mining-friendly jurisdictions throughout North America.
The Firm’s shares are listed on the TSX Enterprise Change below the image “QGR”, the OTCQB® Enterprise Market in the US below “QGLDF”, and the Börse Frankfurt alternate below “QX9G”.
QGold is dedicated to progressing its portfolio of gold and silver belongings towards manufacturing, with its main give attention to its flagship Quartz Mountain Gold Undertaking in Oregon (USA) and the Mine Centre Gold Undertaking in Ontario (Canada).
QGold focuses on mineral useful resource estimate enlargement or institution by means of systematic exploration, disciplined venture growth backed by rigorous technical work, and accountable environmental stewardship in mining-friendly jurisdictions with established infrastructure.
For additional info, contact:
Peter Tagliamonte, P.Eng.
Chief Government Officer
E-mail: pwt@qgoldresources.com
Web site: https://qgoldresources.com
Cell: +1 (416) 564-2880
Cautionary Notes
This press launch comprises “forward-looking info” inside the which means of relevant Canadian securities laws. Ahead-looking info consists of, however just isn’t restricted to, statements with respect to the $11.5m Financing, together with the anticipated use of web proceeds, the Firm’s beliefs, plans, expectations or intentions for the Quartz Mountain Gold Undertaking and Mine Centre Gold Undertaking, together with its plans to develop and progress its portfolio of belongings towards pre-feasibility, feasibility, and manufacturing, the engagement of Kappes Cassiday and SLR Worldwide, together with the scope of labor for every engagement and the anticipated advantages of every as they relate to the completion of the PEA and allowing, and advancing growth, in addition to the Firm’s enterprise and exploration plans for 2026. Usually, forward-looking info may be recognized by way of forward-looking terminology equivalent to “plans”, “expects” or “doesn’t count on”, “is anticipated”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “may” or “shall be taken”, “happen” or “be achieved”. Ahead-looking info is topic to recognized and unknown dangers, uncertainties and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm, because the case could also be, to be materially completely different from these expressed or implied by such forward-looking info, together with however not restricted to: receipt of obligatory approvals; basic enterprise, financial, aggressive, political and social uncertainties; future mineral costs and market demand; dangers of working in a non-Canadian jurisdiction; international alternate danger, accidents, labour disputes and shortages; and different dangers of the mining business. Though the Firm has tried to determine essential components that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that such info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking info. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the US. The securities haven’t been and won’t be registered below the US Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be supplied or offered inside the US or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
Photographs accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5311f71c-a40c-4bee-aa65-8f38ef384cad
https://www.globenewswire.com/NewsRoom/AttachmentNg/c3c3a640-3c8a-470d-a2e6-e6acdf0ee7ec
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