Q-Gold Resources Ltd.

Q-Gold Resources Ltd.

June 08, 2007 16:26 ET

Q-Gold Resources Updates Drilling Program

FORT FRANCES, ONTARIO--(Marketwire - June 8, 2007) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FRANKFURT:QX9) (www.qgoldresources.com) announced today that has received partial assay results from 7 core holes drilled in the northern half of claims acquired earlier this year from Nipigon Gold Resources Ltd. Although gold values were encountered in several short intervals, no gold values of commercial significance were encountered in these holes. Assays for platinum and silver for these holes have not yet been received.

Dry conditions in the southern portion of the Nipigon block precluded Induced Polarization surveys this winter, which will be conducted in early fall 2007.

The company has been formally notified by one of its assay labs that, due to a sample backlog, assay results from structural diamond drilling in the Foley Gold-Quartz Vein Complex totaling 10 holes using the "pulp metallics" assay method will not be available for a minimum of four weeks.

In the interim, Q-Gold is awaiting final results from mine water samples taken from the Foley Gold Mine North Shaft in preparation for dewatering, inspection and re-entry of the mine in order to conduct underground exploration, expected to begin next month.

The Mine, which produced 5,267 ounces of gold, principally in the late 1890's, was being developed and a mill was under construction during the period 1922-27, when funds ran out at the onset of the Great Depression of 1929.

For all future Q-Gold investor relations needs, investors are asked to visit the Q-Gold IR Hub at 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 holdings in the historic Gold Camp at Mine Centre, Ontario of over 32,000 acres and 2,600 acres recently acquired in the Rainy River, Ontario 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.

Contact Information