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QGR.V ·

c/o Mineral Creek Resources Inc.

Corporate Updates

Q-GOLD RESOURCES LTD.

c/o Mineral Creek Resources Inc.

809 W. Riordan Road, Suite 100-391

Flagstaff, Arizona 86001

www.QGoldResources.com

CROWN KING EXPLORATION PROGRAM

Vancouver, British Columbia, January 19, 2018 – Q-Gold Resources Ltd. (the "Company") (TSX

VENTURE: QGR) (http://www.qgoldresources.com) announced that it has received and

evaluated assay results from the 4 th Quarter 2017, diamond core drilling program in the historic

Peck Silver Mine Complex near Crown King in Yavapai County, Arizona.

Three “NQ” diamond drill holes totaling 500 feet penetrated a significant conductive geophysical

anomaly in Vein #2 of the Complex, attempting to duplicate the high -grade silver deposit

contained in the adjoining Vein #1. Vein #1 produced a reported 1.5 million ounces of silver in

the 1880’s. This has not been confirmed under NI 43-101 standards.

Assay results received from the ALS USA Inc. revealed the presence of only minor quantities of

silver minerals of no commercial value in micro-voids in the host-rock quartzite within a sequence

of Proterozoic greenstone schists and meta-quartzites.

As a result of its technical review, the Company has decided to abandon its Peck Complex

exploration program and has released all of its property and exploration rights in Yavapai County

and returned the properties to the various owners.

The technical content of this release was reviewed and approved by Brian A. Beck, P. Geo., CRS,

a “Qualified Person” as defined by National Instrument 43-101.

About Q-Gold Resources Ltd.

Q-Gold is a Canadian -based mineral exploration company currently exploring for precious and

base metals on its Ontario prospects.

Contact Information:

J. Bruce Carruthers II, Chairman at (928) 600-4977 or [email protected],

Website: http://www.qgoldresources.com

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 adequac y or accuracy of this

release.