Q-Gold Resources Ltd. (TSXV:QGR) signed a binding Letter of Intent to acquire 90% rights of Tintina concession from Quantum Energy and Gas, LLC for $3.5 million on April 13, 2021. The consideration for the acquisition includes payment of a $1 million, at the time that cumulative production of 250 kilos of AU is achieved from the Mining Title in favor of the original assignors; the payment of a $1 million at the time that cumulative production of 500 kg of AU is achieved from the Mining Title in favor of the original assignors; payment of a $0.1 million on closing of the transaction to Quantum, participation of Quantum in a percentage of 2% of the total royalties of the Mining Title object of this business in perpetuity and issuance of 7 million common shares of Q-Gold. The transaction is subject to customary closing conditions including due diligence and regulatory approval, including that of the TSXV. Q-Gold Resources Ltd. (TSXV:QGR) cancelled the acquisition of 90% rights of Tintina concession from Quantum Energy and Gas, LLC on August 25, 2021. The transaction has been cancelled as Q-Gold Resources and Quantum did not enter into a definitive agreement by the specified termination date of the LOI.