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

Q-Gold Resources Ltd.

June 18, 2009 13:13 ET

Q-Gold Announces High-Grade Gold Assays at Mine Centre, Ontario

FORT FRANCES, ONTARIO--(Marketwire - June 18, 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 39 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. Weighted average assay values for the 39 samples equalled 11.8 grams/ tonne (g/t) of gold and 13.6 g/t of silver. Several high-grade intervals were intersected, including two samples yielding gold values at 84.1 and 44.5 g/t and silver at 32.0 and 39.0 g/t, respectively. Four other high-grade samples yielded gold from 19.5 to 24.0 g/t and silver from 21.0 to 34.0 g/t.

The results tabulated below represent surface samples collected from two separate areas along the exposed trace of the vein. Area One (i.e. 55018-55020) returned 12.37g Au and 13.47g Ag over an average vein width of 0.83m and a strike length of 25 meters. A total of 93.5 kg of sample material collected from Area Two (55017, 55021-55048) returned 11.61g Au and 15.19g Ag over a strike length of 15m. This section of the vein had been extensively blasted during an earlier program and 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 directions and remains to be sampled.

  Sample Au Ag     Sample Size Au Ag
Sample # Size (kg) (ppm * ) (ppm * )   Sample # (kg) (ppm * ) (ppm * )
55009 3.83 0.06 <1   55029 3.85 0.93 11
55017 6.39 2.08 4   55030 2.17 1.76 7
55018 21.4 23.5 22   55031 2.66 11.05 11
55018-B <0.02 2.77 8   55032 2.64 10.1 18
55018-C <0.02 11.95 8   55033 3.02 1.59 22
55018-D <0.02 0.92 2   55034 2.53 12.05 11
55019 21.03 8.99 7   55035 2.42 7.2 8
55019-B <0.02 3.13 8   55036 2.21 0.72 2
55019-C <0.02 13.95 26   55037 4.16 4.5 3
55019-D <0.02 44.5 39   55038 4.71 6.12 8
55020 2.36 0.33 1   55039 3.29 19.5 21
55021 3.87 5.86 4   55040 3.78 11.35 12
55022 3.46 0.36 12   55041 4.28 84.1 32
55023 3.92 24 34   55042 3.21 5.86 16
55024 3.3 2.61 4   55043 3.02 9.01 59
55025 5.01 3.68 6   55044 3.66 0.83 11
55026 5.03 7.46 18   55045 4.18 23 26
55027 4.16 14.1 16   55046 3.98 0.28 2
55028 2.56 21 28   55047 3.5 1.88 3
          55048 3.34 5.94 4

* 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, commented that "Q-Gold is pleased to uncover an additional high-grade gold and silver zone at Mine Centre. This new zone compliments our five historic gold mines, including past producers, the Foley and Golden Star, and at least 11 additional principal gold-bearing quartz veins controlled by Q-Gold which, as previously reported, have been trenched and sampled as we continue to explore and discover the gold and silver potential of the Mine Centre area, where over 100 quartz veins on Q-Gold's properties have recorded gold values."

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 and base metals and platinum group elements 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 near Crown King, Arizona and three 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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