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

Q-Gold Resources Ltd.

April 26, 2007 13:46 ET

Q-Gold Acquires Mining Claims in Rainy River Greenstone Belt

FORT FRANCES, ONTARIO--(CCNMatthews - April 26, 2007) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) ("Q-Gold" or the "Corporation") announced today that it has staked a large block of sixty-five 40-acre mining claims totaling 2,600 acres in the Greenstone Belt of the Rainy River Mining District of Northwestern Ontario.

The claims, most of which are contiguous, are located in Morley Township about 4 miles southwest of Rainy River Resources Ltd.'s ("Rainy River's") Richardson Township gold discovery made in mafic meta-volcanic sediments of the Wabigoon subprovince. Rainy River has recently announced the discovery of a number of significant high-grade gold zones on their Richardson property, as well as a copper/ nickel zone.

President and CEO, Bruce Carruthers said, "We are extremely fortunate to have been able to acquire a sizable block of prospective acreage at Rainy River in the midst of Canada's hottest new gold province. This gives Q-Gold a 'second front' in the search for gold along the massive, deep-seated Quetico regional fault, to complement our ongoing gold exploration activities at Mine Centre."

Q-Gold's new property is located immediately to the south of the huge Quetico Fault, whereas Rainy River's discoveries are immediately to the north of the fault. The new property is comprised of underlying Archean (pre-Cambrian) rocks of the Wabigoon Subprovince containing both mafic and felsic volcanic sediments and felsic intrusives. These bedrocks contain a number of exceptionally strong airborne conductive anomalies recorded from previous surveys and will be the subject of further investigation by Q-Gold.

The Archean rocks are overlain by Quaternary sediments deposited by recent glaciation. Published information by the Ontario Geologic Survey (OGS) from previous mapping and rotosonic drilling (OGS Map P. 3140, "Gold Grains in Rotosonic Drill Core and Surface Samples", 1987-88, Bajc, A.F., Author) and later extensive reverse circulation drilling by Nuinsco Resources Ltd. in the glacial till on the property revealed high gold grain counts similar to those encountered by Rainy River to the northeast. These "gold-in-till" anomalies eventually led to Rainy River's underlying gold zone discoveries.

The Q-Gold property also contains a significant gold-in-till anomaly determined by the OGS (Geologic Series - OGS Map P. 3110, 1987, Johns, G.W., Author) that is in proximity to underlying bedrock parallel shear structures determined by previous magnetic surveys. These bedrock structures will be further investigated to determine if they are potential gold targets as part of Q-Gold's fully-funded 2007 Exploration Program.

At Mine Centre, Ontario, on the Corporation's 32,000+ acres of gold claims and leases, drilling is currently in progress in wide zones of disseminated mineralization. This mineralization is associated with strong induced polarization (IP) targets along the Finger Lake Fault complex at Bad Vermilion Lake. A series of deep "structural" holes is also being drilled in the historic Foley Gold Mine Complex to establish the presence of known gold-bearing veins in the Complex at depth. The Corporation is awaiting the results from a large number of samples that have been sent out for assays to several assay labs.

A number of high-priority targets revealed from airborne and ground geophysical surveys remain at Mine Center to be drilled over the summer.

Lawrence M. Buss, P.Geo., Consulting Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this press release.

About the Corporation:

Q-Gold is a Canadian-based mineral exploration company currently exploring for precious and base metals on its extensive holdings at Mine Centre, Ontario of over 32,000 acres and 2,600 acres recently acquired in the Rainy River, Ontario greenstone belt.

This release may contain forward looking statements implying an assessment that the resources described can be produced profitably in the future. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.

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

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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