QGold Strengthens its Board of Directors with the Appointment of Scott R.G. Parsons

Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF) (" QGold " or the " Company ") is pleased to announce the appointment of Scott R.G. Parsons, M.Sc., MBA, P.Geo., FAusIMM to its Board of Directors, effective immediately. Mr. Parsons currently serves as Vice President, Exploration at Alamos Gold Inc. a leading North American gold producer, and brings two decades of experience in mineral exploration and resource development to the QGold board.

"We are honoured to welcome Scott Parsons to the QGold Board," said Peter Tagliamonte, President and CEO of QGold. "Scott's vast experience in exploration and his proven leadership at Alamos Gold will significantly strengthen our Board. His expertise and association with Alamos Gold will provide invaluable continuity and insight as we advance our recently acquired Quartz Mountain project and drive its exploration and development forward."

Mr. Parsons joined Alamos Gold in 2018 and was appointed Vice President, Exploration in 2020. In this role, he has overseen numerous exploration successes across Alamos' North American operations and exploration projects. Prior to Alamos, Mr. Parsons was Manager of Regional Exploration and Geoscience at TMAC Resources, where he led resource expansion and regional exploration programs at the Hope Bay Project in Nunavut.

Mr. Parsons holds a Bachelor of Science and Master of Science in Geology from Western University , and a Master of Business Administration from Athabasca University . He is a registered Professional Geoscientist in Ontario, a Fellow of the Australasian Institute of Mining and Metallurgy, and serves as First Vice President and a member of the Board of Directors of the PDAC (Prospectors & Developers Association of Canada).

Mr. Parsons' appointment follows the resignation of Gregory Biniowsky. The board and management of QGold express their gratitude to Mr. Biniowsky for his efforts and contributions and wish him well in his future endeavours.

About Q-Gold Resources Ltd.

Q-Gold Resources Ltd. (TSXV: QGR; OTCQB: QGLDF; Börse Frankfurt: QX9G) is a publicly traded North American-based mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America. The Company's shares are listed on the TSX Venture Exchange under the symbol "QGR", the OTCQB ® market in the United States under "QGLDF", and the Börse Frankfurt exchange under "QX9G".

QGold is committed to progressing its portfolio of assets toward production with its flagship Quartz Mountain Gold Project in Oregon (USA) and its Mine Centre Gold Project in Ontario (Canada).

For further information, contact:

Peter Tagliamonte
Chief Executive Officer
Email: pwt@qgoldresources.com
Website: https://qgoldresources.com
Cell: +1 (416) 564-2880

Cautionary Notes

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's beliefs, plans, expectations or intentions for the Quartz Mountain Gold Project and Mine Centre Gold Project, including its plans to progress its portfolio of assets toward production. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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