Q2 Gold Resources Inc.

Q2 Gold Resources Inc.

March 14, 2008 07:00 ET

Q2 Gold Resources Inc.: Exploration Program to Commence on Caya Gold Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Q2 Gold Resources Inc. ("Q2 Gold") announces that field activities have begun on its Caya 36 gold concession in southeast Ecuador. The company has provided the Ministry of Mines and Petroleum ("MMP") the required filings of the Annual Environmental Budget and Annual Environmental Audit documents to conduct exploration work on Caya 36. Field crews will begin by reopening an existing access road to the concession area and initiating the mapping and sampling program required prior to the drilling phase.

In addition, the Sub-Secretary of Environment in the MMP and the National Director of Environment have accepted the Terms of Reference for an Environmental Impact Assessment ("EIA") for the company's Piedra Liza gold target concessions. Work is continuing on the EIA and upon completion will be submitted to the MMP. Consultations with the local communities surrounding Piedra Liza are ongoing.

Q2 Gold also announces the launch of its website www.q2gold.com, where additional information on the company can be found.


Q2 Gold acquired the Caya 36 and Piedra Liza gold exploration targets from Corriente Resources Inc. as a result of a Plan of Arrangement. The resulting spin-off transaction related to these properties closed on June 18, 2007. Q2 Gold holds a 100% interest in approximately 7,000 hectares of gold concessions located in the Zamora-Chinchipe Province in southeastern Ecuador. The Caya 36 property is situated directly south of Corriente Resources Inc.'s Mirador concessions and north of Aurelian Resources Inc.'s Fruta del Norte gold targets.

Kenneth R. Shannon, President and CEO

Certain statements contained in this News Release constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company's plans to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, and readers are advised to consider such forward-looking statements in light of the risks set forth in the company's continuous disclosure filings as found at www.sedar.com.

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