Q-Gold Resources Ltd.

Q-Gold Resources Ltd.

June 14, 2007 09:00 ET

Q-Gold Acquires Options on Additional Properties in Rainy River Greenstone Belt

FORT FRANCES, ONTARIO--(Marketwire - June 14, 2007) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (http://www.qgoldresources.com) announced today that it has obtained options to purchase both mining and surface rights on 1,638 acres of patented claims in the Rainy River Mining District near Stratton, Ontario in the Morley and Patullo Townships. The Options, obtained from private landowners, are valid for a period of five years and are adjacent to a 2,600 acre block that Q-Gold acquired by staking in March of this year (see Press Release April 26, 2007). The options give the Company, already the second largest landowner in the area behind Rainy River Resources Ltd., control over 4,238 acres in one of Canada's most exciting new gold plays as Rainy River Resources has recently announced discovery of a series of high-grade gold zones in the area.

The new options were acquired for cash and total of 102,380 common shares of Q-Gold stock at a deemed price of $0.20 per share. These acquisitions are subject to approval from the TSX Venture Exchange. The options will vest after a series of annual cash payments over the five year term or earlier, at Q-Gold's election. Landowners will retain a 2% Net Smelter Return ("NSR") royalty on all mineral production from the patents.

As stated in the earlier press release, "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."

Geologic mapping, sampling and trenching on the Company's Rainy River holdings will begin within the month in preparation for a reverse-circulation drilling program anticipated to begin in late summer or early fall to test the gold-bearing potential of the bedrock.

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 e-mail all questions and correspondence to QAU@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About Q-Gold Resources Ltd.

Q-Gold is a Canadian-based mineral exploration company currently exploring for precious and base metals on its extensive Ontario holdings in the historic Gold Camp at Mine Centre of over 32,000 acres and over 4,000 acres in the Rainy River greenstone belt.

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 from the Company's expectations and projections.

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

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

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