AuQ Gold Mining Announces Resource, and a Clear Growth Path at the Bellechasse–Timmins Gold Project, Quebec

AuQ Gold Mining Announces Resource, and a Clear Growth

Path at the Bellechasse–Timmins Gold Project, Quebec

Vancouver, BC — April 30, 2026 — AuQ Gold Mining Inc. (“AuQ” or the “Company”)

(TSXV: AUQ; OTC: AUQFF: FSE: NWV) is pleased to provide a comprehensive update on

its 100%-owned Bellechasse–Timmins Gold Project, a high-quality gold asset located in the

historic Beauce–Bellechasse region of southern Quebec. The project continues to demonstrate

strong resource potential, excellent metallurgical characteristics, and a clear, de -risked path

toward significant value creation.

Located just 1.5 hours south of Quebec Cit y, the Bellechasse–Timmins Project benefits from

exceptional road access, stable permitting conditions, and a long history of regional gold

discoveries dating back to the 1820s — the first documented gold rush in North America.

The project is situated within the Northern Appalachian Fold Belt, between the Baie Verte–

Brompton Line and the Guadeloupe Fault, in a structurally favourable environment underlain

Upper Cambrian to Lower Ordovician volcano-sedimentary sequences.

AuQ Gold Mining’s 2026 NI 43-101 resource estimate confirms a robust gold endowment:

2026 NI 43-101 Resource Estimate

● Indicated: 3.568 Mt @ 1.79 g/t Au — 206,000 oz

● Inferred: 3.226 Mt @ 1.76 g/t Au — 182,000 oz (0.50 g/t Au cut-off, uncapped)

The 2026 resource estimate for the Bellechasse–Timmins Project was completed using the Inverse

Distance Weighting (IDW) method, applying a spherical 25‑metre search radius to ensure balanced

grade interpolation without directional bias. The validated datab ase includes 279 drillholes and

trenches totaling 50,737 metres, with 31,287 metres sampled and 32,403 assays incorporated into

the model. Geological modeling was performed on horizontal slices spaced 5 to 20 metres apart,

using a 0.2 g/t Au lower cutoff t o define mineralized volumes. The gold system forms a folded

structure that rakes sharply to the northeast, with thicker southwest fold hinges in the T1 and 88

zones and pinched northwest hinges, while all zones remain open along strike and at depth. The

Ascot Zone forms a 0.46 Mm³ mineralized sheet extending 200 metres northeast and down to the –

100 m elevation, displaying an S‑shaped crenulation fold consistent with regional mega‑folding.

Resource classification is based strictly on distance to the nearest composite, with Indicated blocks

defined within 14 metres and Inferred blocks within 14 –25 metres; no Measured category is

assigned due to drill spacing. The copy of the technical report dated March 30, 2026 on its

Bellechasse-Timmins project located in Saint -Magloire, Quebec, Canada can be found under the

Company’s profile on SEDAR+ at www.sedar.com and there are no known risk or factors that may

materially affect resources and reserves.

Jacques Marchand, P. ENG. Geology is an independent qualified person as defined under NI

43-101 who supervised the preparation of and approves the scientific and technical content of

this news release.

Mineralization has been partially defined across four zones — T1, T2, Ascot, and 88 —

spanning a 1,000 m NE –SW corridor and up to 800 m in width. Historical d rilling has

confirmed gold-bearing structures to depths of:

● 600 m in T1

● 225 m in T2

● 190 m in Ascot

● 290 m in Zone 88

All zones remain open along strike and at depth, highlighting strong expansion potential.

Gold mineralization occurs within quartz–carbonate breccias and fractures hosted in an

intrusive albite–diorite sill and surrounding volcaniclastic rocks. Multiple hydrothermal

events have been identified, with two vein types carrying significant gold values, including

auriferous pyrrhotite–pyrite ± Zn-Pb-Cu-Ag sulphosalts.

This geological setting is consistent with structurally controlled, laterally continuous gold

systems typical of the Appalachian orogenic belt.

Historical bench-scale metallurgical testing supports:

● 85–90% gravity recoveries

● Up to 99% combined gravity + cyanidation recoveries

A 2020–21 characterization study of 152 historical coarse rejects validated T1 zone grades and

demonstrated an overall grade uplift of 15 –20%, with potential for further improvement

through optimized sample size and treatment protocols.

These results indicate strong processing economics and the potential for enhanced head grades

through modern ore-sorting and characterization technologies.

AuQ Gold Mining holds 100% interest in six exclusive exploration permits covering the

project area. All claims are in good standing, and no environmental liabilities or legacy mine

workings exist on the property.

This clean ownership structure and absence of historical disturbances significantly reduce

permitting risk and streamline future development.

A Clear Path Forward

A recommended $3.5 million CAD two -phase work program is designed to advance the

project toward resource expansion, grade optimization, and development readiness. Planned

activities include:

● Verification of historical core, coarse rejects, and pulps

● Continued grade validation and characterization

● LIBS scanning at multiple resolutions

● 5,000 metres of HQ core drilling

● Ore-sorting testwork on representative bulk samples

This program directly targets the key catalysts that drive project re -rating: resource growth,

improved grade confidence, and enhanced metallurgical performance.

Management Commentary

Glen Macdonald, CEO of AuQ commented “Bellechasse –Timmins is emerging as one of the

most compelling undeveloped gold assets in southern Quebec,” said AuQ Gold Mining. “With

strong grades, excellent metallurgy, clean ownership, and clear expansion potential, the

project is well positioned to deliver meaningful value as we advance through the next phases

of drilling and technical work.”

About AuQ Gold Mining

AuQ Gold Mining is a Canadian exploration and development company focused on advancing

high-quality gold assets in mining -friendly jurisdictions. The company is committed to

responsible development, technical excellence, and long-term value creation for shareholders.

ON BEHALF OF THE BOARD

"Glen Macdonald"

Chief Executive Officer and Director

For further information, please contact:

Glen Macdonald, Chief Executive Officer & Director

Telephone: (604) 719-8129

Email: [email protected]

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

release.

Cautionary Statement Regarding Forward-Looking Information.

This news release may contain forward -looking statements that are based on AuQ Gold Mining Inc.'s

expectations, estimates and projections regarding its business and the economic environment in which

it operates. These statements are not guarantees of futur e performance and involve risks and

uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ

materially from those expressed in these forward -looking statements and readers should not place

undue reliance on such statements. Statements speak only as of the date on which they are made, and

AuQ Gold Mining Inc. undertakes no obligation to update them publicly to reflect new information or

the occurrence of future events or circumstances, unless otherwise required to do so by law.

Not for distribution to U.S. newswire services for dissemination in the United States of America. Any

failure to comply with this restriction may constitute a violation of U. S. securities law.