Q-Gold Resources Ltd. announced that results from the 2022 exploration diamond drill program (the "2022 Drill Program") which was successfully completed on December 23, 2022 have been received. The 2022 Drill Program was an overall success with 5 of the 8 holes drilled intersecting their targeted vein systems. The part of the 2022 Drill Program that focused on the historic Foley Mine was very successful in extending the strike of the Bonanza vein 300m to the north, with the most northernly hole, Q22-14 intersecting 9.3m grading 0.75 g/t. Bonanza silver grades were encountered to the east of Foley in Q22-12 grading 1910 g/t Ag which equates to 23.875 g/t AuEq yielding an
intersection of 1.6m @ 14.30 g/t AuEq. The scientific and technical information contained in this press release has been reviewed, prepared and approved by Richard Kilpatrick, P. Geo., Exploration Manager, Q-Gold, who is a "Qualified Person" as defined by National Instrument43-101 -Standards of Disclosure for Mineral Projects.