QGold Resources Announces Maiden Preliminary Economic Assessment for the Quartz Mountain Gold Project, Positioning the Company as a Premier Gold Development Asset in the United States

TSX-V: QGR | OTCQB: QGLDF | Frankfurt: QX9G After-Tax NPV(5%) of US$1.71 Billion and After-Tax IRR of 55.2% at a 2-Year Trailing Average Gold Price of US$3,265/oz After-Tax NPV(5%) of US$3.20 Billion and After-Tax IRR of 92% at a spot Gold Prices ( 2 ) Low-Cost Gold Mine with AISC of US$1,216/oz (3) and Life of Mine Gold Production of 1.9M ounces and average mine production profile 135k Gold ounces annually over life of mine of 14 years Initial Capex of US$290 Million (Includes All taxes and US$48M in Contingency) Updated NI-43-101 Mineral Resource Estimate of 2.01 million oz Gold in the Indicated Category and 494K oz of Gold in the Inferred Category TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSX-V: QGR; OTCQB: QGLDF; Frankfurt: QX9G) ("QGold" “QGold Resources” or the "Company") is pleased to announce the results of its Preliminary Economic Assessment ("PEA") for its Quartz Mountain Gold Project ("Quartz Mountain" or the "Project"), located in Lake County, Oregon, USA.