Q-Gold Successfully Completes Expansion of Mineral Claim Position at Quartz Mountain Gold Project, Oregon Expanded land package surrounds the existing claim block, extends the exploration footprint and provides additional flexibility for potential future mine infrastructure
Q-Gold Successfully Completes Expansion of Mineral Claim Position at Quartz
Mountain Gold Project, Oregon
Expanded land package surrounds the existing claim block, extends the exploration footprint and provides
additional flexibility for potential future mine infrastructure
TORONTO, Aug. 19, 2026 -- Q-Gold Resources Ltd. (TSX-V: QGR; OTCQB: QGLDF; Frankfurt: QX9G) (“QGold” or the
“Company”) is pleased to announce that it has completed a significant expansion of its mineral claim holdings at the Quartz
Mountain Gold Project (“Quartz Mountain” or the “Project”) in Lake County, Oregon. Through the staking of new claims, the
Company has materially enlarged the land package surrounding its existing claim block, increasing QGold’s geological and
operational footprint in this underexplored gold district in the western United States.
The newly staked claims surround and are contiguous with the Company’s existing Quartz Mountain claim block, creating a
larger, consolidated land position along the Klamath Falls-Lakeview Highway (Oregon Highway 140) corridor. The expanded
footprint is intended to support both regional exploration and longer-term project planning as Quartz Mountain advances.
Strategic Rationale
The claim expansion supports two principal priorities for the Company:
• Exploration Upside: The enlarged land package extends QGold’s geological footprint beyond the boundaries of the
currently defined resource at the Crone Hill and Quartz Butte deposits. The additional ground provides room for regional-
scale exploration and evaluation of potential mineralized zones outside the existing resource area.
• Future Infrastructure Flexibility: If the Company elects to proceed with development and operation of a mine at
Quartz Mountain, the expanded claim position provides additional land that may support future site infrastructure,
potentially including processing facilities, waste rock and heap leach areas, access roads, water management
infrastructure and other site facilities. This additional ground provides greater flexibility for future engineering, mine
planning and permitting work.
Management Commentary
“This claim expansion is a proactive strategic step in advancing the long-term potential of Quartz Mountain. By enlarging our
land position around the existing resource, we are opening additional ground for exploration while also preserving important
flexibility for potential future project infrastructure as engineering and permitting work progresses. This is disciplined, forward-
looking work designed to support the continued advancement of Quartz Mountain and long-term value creation for our
shareholders.”
— Peter Tagliamonte, P.Eng., MBA, Chairman & CEO
Expanded Quartz Mountain Claim Position
Figure 1. Quartz Mountain Mining Claim Expansion. Original mining claims are shown in blue, while the newly added mining
claims are shown in purple.
About the Quartz Mountain Gold Project
The Quartz Mountain Gold Project is located in Lake County, Oregon, and is one of the largest undeveloped gold projects in
the western United States. QGold recently completed a Preliminary Economic Assessment for the Project (the “PEA”)
demonstrating robust project economics, and the Company continues to advance permitting, engineering and stakeholder
engagement activities in support of Quartz Mountain’s long-term development. The Project consists of the (i) Angel’s Camp
property, in which the Company indirectly holds a 50% unincorporated joint venture interest and an option to acquire the
remaining 50%, and (i) Quartz Mountain property, in which the Company indirectly holds an option to acquire a 100% interest,
subject to the completion of several conditions. For more information about the Project, please refer to the PEA, a copy of
which is available under the Company’s SEDAR+ profile at www.sedarplus.ca.
About QGold
QGold is a gold exploration and development company advancing the Quartz Mountain Gold Project in Oregon, USA, and
holds an interest in the Foley Gold Mine project in Mine Centre, Ontario, Canada.
The Company’s shares are listed on the TSX Venture Exchange under the symbol “QGR”, the OTCQB® market in the United
States under “QGLDF”, and the Börse Frankfurt exchange under “QX9G”.
QGold is committed to progressing its portfolio of gold and silver assets toward production, with its primary focus on its
flagship Quartz Mountain Gold Project in Oregon (USA) and the Mine Centre Gold Project in Ontario (Canada).
QGold focuses on resource expansion through systematic exploration, disciplined project development backed by rigorous
technical work, and responsible environmental stewardship in mining-friendly jurisdictions with established infrastructure.
For further information, please contact:
Peter Tagliamonte, P.Eng.
Chairman & Chief Executive Officer
Cell: +1 (416) 564-2880
Q-Gold Resources Ltd.
[email protected] | www.qgoldresources.com
Cautionary Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable
securities laws, including (but not limited to) statements regarding the anticipated benefits of the claim expansion, future
exploration activities, potential infrastructure development and the Company’s plans to advance the Quartz Mountain Gold
Project toward development and progress its broader portfolio of assets toward production. Forward-looking statements are
based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and
its perception of trends, current conditions and expected developments, as well as other factors that management believes to
be relevant and reasonable in the circumstances as of the date such statements are made. Forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those
anticipated, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and
social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages; and other risks of
the mining industry. 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, nor that the
Company will proceed with development of a mine at Quartz Mountain, as actual results and future events may differ materially
from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements.
The Company undertakes no obligation to update forward-looking statements except as required by applicable law.
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.
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