Announcement • Sep 15

Q-Gold Resources Ltd Announces Summer 2026 Exploration Program Results at Mine Centre Gold Project

Q-Gold Resources Ltd. announced that its summer 2026 exploration program at the Mine Centre Gold Project returned select grab sample assays of up to 600 g/t gold and advanced multiple high-priority targets for the Company's planned diamond drilling campaign later in 2026. Completing over three field rotations from June through August 2026, the program combined geological mapping, vein tracing, prospecting, grab sampling and systematic channel sampling across targets north and south of the historic Foley Mine. Assays have been received for the first two rotations, while assays from the third rotation remain pending. Select grab samples from the Ferguson Showing returned 600 g/t, 73.4 g/t, 57.8 g/t and 44.0 g/t gold along a northwest-striking vein approximately 500 m southwest of the historic Golden Star Mine (QG-AD-032, QG-AD-030, QG-ND-153 and QG-ND-051). Grab samples from a quartz vein approximately 1.2 km south of the historic Manhattan Gold Vein Mine returned 46.6 g/t and 34.7 g/t gold (QG-ND-040 and QG-ND-039). Select grab samples approximately 300 m south of the Foley Mine returned 95.1 g/t and 89.8 g/t gold within the broader Vowel, Jumbo and Bonanza multi-vein systems (QG-ND-125 and QG-AD-020). The three-rotation program generated 222 grab samples and 126 channel samples, excluding quality-control samples, and will support target ranking for the planned 2026 drill campaign (all 126 channel sample assays and the remaining third-rotation grab sample assays are pending). QGold is integrating the assay results with new geological mapping, vein tracing and structural measurements to rank drill targets across North Foley, South Foley, Nugget, Ferguson and Pacitto. The planned drilling campaign is expected to increase drill density around the previously drilled Foley Mine and test select surface targets identified by the 2026 program. Although certain veins in the area have been tested by historical drilling, most remain untested. Field crews completed systematic prospecting and grab sampling across the Foley Project, focusing on documented mineralized veins and showings. Assay highlights included 55.9 g/t gold at the Pacitto Showing, 32.1 g/t at the Government Vein, 23.2 g/t at the Daisy Vein, 34.7 g/t at the Nugget Vein, 9.61 g/t at the Twin Vein northeast of Foley and 6.66 g/t at the Zinc Vein northeast of Foley. These results guided the follow-up mapping and channel sampling completed during the subsequent rotations. The second rotation followed up the mineralized zones identified during the initial program through geological mapping, prospecting, grab sampling and detailed examination of known vein systems. Assay highlights included 95.1 g/t gold at the South Foley Vein, 600 g/t at the northern end of the Government Vein within the Ferguson Showing and 73.4 g/t at the Daisy Vein within the Ferguson Showing. The field team used the results to refine the apparent extent and orientation of the mineralized structures and prioritize areas for channel sampling and future drilling. The third rotation advanced the surface program through detailed geological mapping, vein tracing, channel sampling, grab sampling and structural measurements. Channel sampling and detailed channel sketches were completed across vein extensions at North Foley, high-grade South Foley follow-up targets, the Nugget Vein and the Government and Daisy veins within the Ferguson Showing. Crews also mapped and sampled newly identified or exposed portions of the vein systems. This work is intended to define the apparent continuity, geometry and extent of the gold-bearing veins and strengthen the geological basis for drill targeting. All channel sample assays and the remaining grab sample assays from this rotation are pending. QGold implemented a strict QA/QC protocol during the 2026 summer field sampling program. A rotating sequence of certified gold standards, blanks, and crush duplicates was inserted after every 20th field sample to monitor the accuracy and precision of the analytical results. All samples were collected, documented, and handled under the supervision of the project geologist. Field samples were placed in sturdy plastic sample bags, labelled with the appropriate sample identification, and securely sealed using zip ties. Sample numbers, locations, geological descriptions, and other relevant field information were recorded and entered into the project database. Samples were securely stored in rice bags prior to transportation. Following completion of each field rotation, the sealed sample bags were placed into rice bags, secured, and transported by company personnel to the Activation Laboratories Ltd. laboratory facility in Dryden, Ontario, for analysis. Samples were delivered under controlled chain-of-custody procedures and remained secured under the supervision of the project geologist until shipment. Samples were processed and crushed at the Actlabs facility. Gold analyses were completed using a 50-gram Fire Assay with Atomic Absorption finish. Samples were also analyzed for trace element geochemistry using the UT-4M ultratrace method with 4-Acid Digest and ICP-OES/ICP-MS finish. The inserted blanks, certified standards, and crush duplicates were used to monitor laboratory performance and verify the reliability of the reported analytical results. Analyses were completed at Actlabs, located in Dryden, Ontario. Actlabs is accredited to ISO/IEC 17025 for mineral analysis (CAN-P-1579) and is ISO 9001 certified. Actlabs is independent of QGold and has no other relationship with the Company. Grab samples are selective by nature and may not be representative of the overall mineralization hosted on the property. The scientific and technical information contained in this news release has been reviewed and approved by Jason Arnold, P.Geo., an independent consultant who is a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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