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

Q-Gold Resources Ltd.

July 30, 2009 15:05 ET

Q-Gold Announces More Gold Values From the Baseline Vein at Mine Centre, Ontario

FORT FRANCES, ONTARIO--(Marketwire - July 30, 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 the final batch assays from the "Baseline" vein trenching program at Mine Centre has been received. The 22 samples were the remainder of the samples taken from a strike length of 14.5 metres in the infill zone between area One and Two. Results from the latter areas were reported by the Corporation, along with those also from the infill zone in press releases dated June 18 and July 22, 2009, respectively.

Weighted average assay values for the new 22 samples equalled 6.01 g/t gold and 7.03 g/t silver. Six of the highest gold grade samples encountered ranged from 6.9 to 23.3 g/t gold with the five best silver grades ranging from 16 g/t to 44 g/t.

Weighted average results from all 96 trench samples taken from the Baseline vein as recently reported equalled 9.3 g/t gold and 10.5 g/t silver.



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Sample
Sample Au Ag Size Au Ag
Sample # Size (kg) (ppm(1)) (ppm(1)) Sample # (kg) (ppm(1)) (ppm(1))
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55459 2.72 0.03 1 55470 5.65 0.14 1
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less than
55460 4.93 0.01 1 55471 3.86 0.59 2
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55461 3.24 0.34 2 55472 4.82 3.84 8
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55462 4.48 21.70 8 55473 4.04 23.30 16
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55463 2.96 20.40 44 55474 4.39 1.11 2
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55464 4.36 7.21 14 55475 3.07 0.17 1
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55465 2.56 24.00 36 55476 3.60 1.54 1
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55466 3.39 16.40 15 55477 3.67 9.92 8
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55467 3.59 2.83 3 55478 1.69 6.88 3
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55468 5.32 0.24 2 55479 4.03 0.09 1
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less than
55469 4.15 0.94 2 55480 3.03 1.57 1
----------------------------------------------------------------------------
(1) 1 ppm equal to 1 gram/ tonne


The above reported 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.

Ranking of Veins

The Baseline vein now ranks second in weighted average gold values (9.3 g/t) of the 11 principal surface veins that the Corporation has trenched and sampled in the complex of over 100 gold-bearing veins in Q-Gold's Mine Centre holdings. First in rank is the 90 metre long Lucky Joe vein averaging 14.78 g/t gold (see press release dated November 16, 2006).

Eighteen additional trench samples taken from the 1,000 metre long Lucky Linda vein have recently been sent for assay. These results will be reported when received.

Fall Exploration Program

Further trenching and sampling of the principal veins at Mine Centre owned by Q-Gold will be the subject of a Fall 2009 exploration program now being formulated. The program will also include core drilling of several of the Corporation's additional Mine Centre holdings, which are either known to be gold-bearing or highly prospective for gold.

Historic Gold Production

Q-Gold's historic Foley and Golden Star gold mines produced a total of 16,025 ounces of gold (reference: NI 43-101 report dated March 27, 2006: www.sedar.com), principally in the late 1890's from veins in the complex described above. Forest fires destroyed the surface facilities in the area, ending all gold production by 1900.

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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