SOURCE: Quincy Gold Corp.

April 13, 2005 10:04 ET

Quincy Initiates Phase I Drilling Program at Seven Troughs, Nevada

TORONTO -- (MARKET WIRE) -- April 13, 2005 -- The Board of Directors of Quincy Gold Corp. (TSX-V: QGO) (OTC BB: QCYG) is pleased to announce that the Company has mobilized a project geologist and earth-moving equipment to its Seven Troughs gold project located in Pershing County, Nevada, in advance of an 8,000 foot (2,440 m) reverse circulation drilling program. This drill program marks the Company's first drilling campaign on the Seven Troughs Property and, when completed, will satisfy the Company's firm commitment to spend USD $500,000 by September 1, 2005. Further details of the Company's acquisition from Newmont Capital of the mineral leases covering the 349 patented and unpatented mineral claims comprising the Seven Troughs Property are provided in the Company's news release dated January 26, 2004.

Within the Seven Troughs Property, an area measuring approximately 5 miles (8 km) long and 2.5 miles (4 km) wide has been variably altered by shallow level hydrothermal solutions. Clay alteration is widespread within the mid-Miocene volcanic host rocks and surrounds zones of silicification and quartz veining associated with gold and silver mineralization. Historic production from the district is estimated at 150,000 tons (136,000 tonnes) grading 1.2 oz/t (41.1 gm/t) gold and 4.0 oz/t (137 gm/t) silver. Production within the district was dominated by a vein system located at the Coalition Mine in the northern part of the district.

The Company's program is design to test the strike extension to the south and the up dip and down dip extensions of the Bonanza gold veins of the Coalition Mine. Drill holes will explore the down-dropped block between the Coalition Mine and the Badger Mine. The target, which has received only minimal drill testing by previous operators, consists of narrow high-grade veins which trend N-S, dip 50-60o west and are covered by post-mineral volcanic rocks. The Coalition vein system is also open along strike to the south toward the 5100 Mine and this target will also be tested. A third target will be drilled between the Dixie Queen Mine and the 5100 Mine. This target is also an extension along strike of the main vein zone. This zone will also be tested up dip and down dip of the veins within the Dixie Queen working

Exploration on the Seven Troughs property is under the supervision of Dr. Art Ettlinger, P. Geo., the Company's President and Chief Operating Officer and a Qualified Person as defined by National Instrument 43-101.

THIS PRESS RELEASE WAS PREPARED BY QUINCY GOLD CORP., WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking settlements involve known and unknown risks and uncertainties, which may cause Quincy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Quincy's operations. These and other risks are described in the Company's Annual Report or Form 10-K and other filings with the Securities and Exchange Commission.

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