QGold Announces Filing of Preliminary Short Form Base Shelf Prospectus

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TORONTO, June 16, 2026 (GLOBE NEWSWIRE) — Q-Gold
Resources
Ltd. (“QGold” or the “Company”) is pleased to announce that it has filed a preliminary short form base shelf prospectus (the “Preliminary Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada.

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The Preliminary Shelf Prospectus is subject to regulatory review. The filing of the Preliminary Shelf Prospectus is intended to provide the Company with financing flexibility. Upon a final base shelf prospectus (the “Final Shelf Prospectus”) becoming effective, these filings, subject to securities regulatory requirements, will allow the Company to qualify the distribution of up to C$300,000,000 of common shares, preferred shares, debt securities, subscription receipts, warrants, or any combination thereof, from time to time over a 25-month period that the Final Shelf Prospectus remains effective. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement (a “Prospectus Supplement”), which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

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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 Preliminary Shelf Prospectus, and copies of the Final Shelf Prospectus and any Prospectus Supplements that may be filed in the future, can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

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About
Q-Gold
Resources
Ltd.

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Q-Gold Resources Ltd. is a Canadian gold development company focused on advancing high-quality gold assets in North America, led by the Quartz Mountain Gold Project in Oregon, USA — a large-scale gold development project with strong economics, long-term scalability, and district-scale exploration potential.

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

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For
further
information,
contact:

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Cautionary
Statements

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This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

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Forward-Looking Information – Certain information set forth in this news release may contain forward-looking statements that constitute “forward-looking information” under applicable securities laws, which involves substantial known and unknown risks and uncertainties. Forward-looking information in this press release includes, but is not limited to, statements relating to the regulatory review and approval process for the Preliminary Shelf Prospectus and whether a Final Shelf Prospectus will be filed by the Company; the amount and type of securities that may be available for distribution under a Final Shelf Prospectus, if any; any future decision of the Company to file one or more Prospectus Supplements to the Final Shelf Prospectus and to issue securities thereunder, and the respective terms thereof, if any; the use of proceeds of any future financings conducted by the Company; the implementation of the Company’s business strategy; receipt of regulatory approvals; and availability of financing on terms acceptable to the Company or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the receipt of all applicable regulatory approvals for the filing of a Final Shelf Prospectus and any future issuances of securities thereunder; and availability of financing and regulatory approvals. Forward-looking statements are based on management’s current expectations, assumptions, and beliefs and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, they should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.

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