Q-Gold Announces Flow-Through Financing

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(All figures in Canadian dollars unless otherwise stated)

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) (“Q-Gold” or the “Company”) is pleased to announce it is initiating a non-brokered flow-through financing (the “Offering”). The Offering will consist of up to of 9,090,910 flow-through units (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at $0.11 per flow-through unit (the “Offering Price”) for gross proceeds of up to $1,000,000.

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