Q-Gold Resources Ltd.
TSX VENTURE : QAU
FRANKFURT : QX9

Q-Gold Resources Ltd.

July 22, 2009 14:52 ET

Q-Gold Announces Additional Gold Assays at Mine Centre, Ontario

FORT FRANCES, ONTARIO--(Marketwire - July 22, 2009) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (http://www.qgoldresources.com) is pleased to announce that it has received assay results from an additional 35 surface trench samples taken from the "Baseline Vein" on its over 30,000 acres of 100% owned prospective gold patents, Crown Leases and Mining Claims in the historic (1890's) gold camp of Mine Centre, Ontario. The samples were taken in an infill zone between Areas One and Two. Results from the latter areas were reported by the Corporation in a press release dated June 18, 2009. Weighted average assay values for the new 35 samples equalled 6.4 grams/ tonne (g/t) of gold and 6.9 g/t of silver. Several high-grade intervals were intersected, including two high-grade samples yielding gold values at 80.9 and 45.3 g/t and silver at 53.0 and 27.0 g/t, respectively. Five other high-grade samples yielded gold values from 8.34 to 21.60 g/t and silver from 10.0 to 44.0 g/t.

The results tabulated below represent surface samples collected from the exposed trace of the vein. A total of 130.5 kg of sample material over an average width of 0.83 m and a strike length of 16 m was collected from this section of the vein, which had been extensively blasted during an earlier program. A 1m x 1m continuous grid was established for sample control.

The results of additional infill sampling between Areas One and Two are pending. The Baseline Vein is exposed along strike in both northwesterly and southeasterly directions.



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Sample
Sample Au Ag Sample Size Au Ag
Sample # Size (kg) (ppm(1)) (ppm(1)) # (kg) (ppm (1)) (ppm (1))
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55481 3.59 0.34 8 55499 3.55 0.38 2
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less than
55482 5.50 0.15 2 55500 4.14 0.29 1
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55483 3.41 9.82 6 55001 4.11 1.09 2
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55484 3.11 21.60 15 55002 4.30 3.28 2
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55485 2.47 1.61 1 55003 4.41 6.31 8
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55486 3.82 1.78 2 55004 4.16 11.55 15
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55487 2.95 8.34 44 55005 4.40 0.57 2
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less than
55488 2.68 0.08 2 55006 4.95 0.40 1
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55489 3.00 0.07 1 55007 3.58 6.08 21
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55490 2.96 1.43 4 55008 3.32 0.06 1
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55491 3.11 0.68 3 55010 3.08 0.06 1
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55492 4.25 2.94 1 55011 5.11 0.55 1
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less than less than
55493 2.95 0.20 1 55012 3.91 0.05 1
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55494 3.71 0.09 1 55013 4.50 0.07 less than
1
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55495 5.22 0.68 1 55014 4.32 4.18 8
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55496 4.21 80.90 53 55015 2.92 18.20 10
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55497 2.81 0.26 1 55016 3.34 1.97 2
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55498 2.69 45.30 27
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(1) 1 ppm equal to 1 gram/ tonne


Assays were performed by ALS Chemex Division (Vancouver) of ALS Canada Ltd., using Au 30g Fire Assay AA finish for gold and Ag-0G62 Aqua Regia Digestion for silver.

President and CEO, Bruce Carruthers, reported that "An additional gold-bearing quartz vein in the vicinity of the 'Baseline Vein', the 'Lucky Linda' vein, which extends for over 1,000 metres on surface, has been trenched, sampled and sent for assay. Assay values will be reported when received. At least 5 more veins in the over 100 gold-bearing veins contained within Q-Gold's holdings at Mine Centre remain to be trenched and sampled in the upcoming Fall Exploration Program, which is now being formulated. The program will also include core drilling of additional gold targets on the Corporation's 30,000 plus contiguous acres of patents, Crown Leases and mining claims in the Archean granite/ greenstone rocks present at Mine Centre."

Kevin Leonard, P.Geo., is the Qualified Person as defined under NI 43-101 who took the samples and prepared them for assay. He has reviewed and approved the technical content of this press release.

About Q-Gold Resources Ltd.

Q-Gold is a Canadian-based mineral exploration company currently exploring for precious metals on its 30,000+ acres of Ontario holdings in the historic Gold Camp at Mine Centre, including 5 historic gold mines. It also has options on 4,796 exploratory acres in Ontario's Rainy River Greenstone Belt. In addition, the Corporation holds options on seven historic gold and silver mines in the historic Arizona gold camp of Crown King, and two prospective copper porphyries and one copper / zinc prospect in Arizona.

For all future Q-Gold investor relations needs, investors are asked to visit the Q-Gold IR Hub at http://www.agoracom.com/IR/Q-Gold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to email all questions and correspondence to QAU@agoracom.com where they can also request addition to the investor email list to receive all future press releases and updates in real time.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially form the Company's expectations and projections.

SEC 12g 3-2(b) Exemption # 82-4931

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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