QGold Provides Update on Acceleration of Warrants
QGold Provides Update on Acceleration of Warrants
TORONTO, June 11, 2026 -- Q-Gold Resources Ltd. (“QGold” or the “Company”) announced on April 22, 2026, that its share
price had closed at $0.295, after closing at or above $0.25 for the previous 10 consecutive days. In accordance with the terms
of the warrant indenture between the Company and TSX Trust Company (in its capacity as the warrant agent) dated October 3,
2025, pursuant to which the Company issued 38,333,333 common share purchase warrants (the “Warrants”), that
announcement triggered the Company’s voluntary expiry acceleration right (the “Acceleration Right”) in respect of the
Warrants.
In accordance with the Acceleration Right, the Company elected to accelerate the expiry date of the Warrants to the date that
fell 30 days following the date of the news release, or May 22, 2026. All Warrants that remained unexercised by 5:00 p.m.
(Toronto time) on May 22, 2026 expired and were cancelled. Of the 32,333,334 Warrants that remained unexercised as of
March 31, 2026, 29,213,345 Warrants were exercised in April and May 2026 for proceeds to the Company of $5,842,669;
3,116,999 Warrants expired and were cancelled.
Peter Tagliamonte, Chairman and CEO of the Company stated, “We would like to thank our warrantholders for their support in
exercising such a substantial portion of the outstanding Warrants. We anticipate that the additional funds will cover all planned
work expenditures on our Quartz Mountain Gold Project for 2026.”
About Q-Gold Resources Ltd.
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.
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.
For further information, contact:
Peter Tagliamonte
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 statements, including, but not limited to, statements regarding the Company’s
anticipated use of the proceeds received from the Warrant exercises. 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. Readers are
cautioned not to place undue reliance on forward-looking statements, 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, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers 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.
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.