Q-Gold Resources Ltd.

Q-Gold Resources Ltd.

December 13, 2006 14:56 ET

Q-Gold Strikes Additional High Grade Gold in Mine Centre's "West" Vein

FORT FRANCES, ONTARIO--(CCNMatthews - Dec. 13, 2006) - Q-Gold Resources Ltd. (TSX VENTURE:QAU) (FWB:QX9) announced today that it had received more high-grade gold assays from its 2006 Trenching Program in the northern extension of the historic Foley Mine quartz vein complex at Mine Centre in Northwestern Ontario. Seventeen trench samples from the "West Vein" over a total strike length of over 300 metres averaged 8.544 grams/tonne (g/t). In 2005, 16 trench samples were taken from the West Vein over 207.15 metres of strike length averaging 5.16 g/t gold. A middle section of the vein comprising 270.6 metres could not be sampled at this time because of swamp conditions and/or excessive overburden.

Combined weighted averages for assay results from both 2006 and 2005
Trenching Programs are as follows:

Program Strike Length (m) Width (m) Au (g/t)
2005 207.15 0.52 5.16
2006 313.25 0.7 8.54
----- 270.60 (not trenched or sampled)
Total 791.00 0.64 7.43

Thus, the West Vein, a known but previously lightly explored vein on surface, has now been established as having average high grade gold values over a total minimum strike length of 520 metres of its known 791 metres, while still remaining "open" at both ends.

Old mine level plans available from the archives of the Ministry of Northern Development and Mines show a cross-cut made during development activities in 1920-27 from the North Shaft of the historic Foley Mine to the West Vein at the 400 foot level. They also show drifting for 100 feet in both north and south directions on the West Vein at the 400 foot level, thus establishing the vein's presence to at least a depth of 400 feet.

Thus, recent trenching of the West Vein, in addition to recent assays from the Lucky Joe and Jumbo Veins (see press releases of November 16 and December 6, 2006) are providing average high grade gold values over extensive strike lengths and to considerable depths in a wide area North of the Foley Mine.

The 2006 Trenching Program, with additional structural drilling scheduled in 2007, has its objective of the establishment of additional resources/reserves of gold to the north of the existing Foley gold mine complex. As reported by the Ontario Geological Survey on page 33 of "Open File Report 6146" (2005), by P.Hinz, C. Ravnaas and A. Raoul, the Foley Mine, according to "historical reports", is estimated to contain "proven/probable reserves" of 40,000 tonnes of ore at a grade of 0.5 ounces/tonne, and "speculative reserves" of 400,000 tonnes, also at 0.5 ounces/tonne. None of the above reserve figures are compliant with the definitions for resources/reserves required by NI 43-101 and remain to be confirmed by additional diamond drilling, sampling and assaying. Gold production from the Foley in the 1890s and 1920s totaled 5,267 ounces (see NI 43-101 report, revised December 6, 2004).

As previously reported, the Corporation has begun the permitting process to open up the presently flooded Foley Mine to permit re-entry and underground exploration of the North Shaft area, where a total of 2.5 kilometres of drifting on seven levels was completed in the 1890's and 1920's. These workings, to a depth of 850-feet, provide access at that level to both the "Bonanza" and the Jumbo Vein and to the West Vein at the 400 foot level.

Richard C. Beard, P.Eng, Consulting Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this press release.

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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