QGold Closes Acquisition of Option on Quartz Mountain Advanced Gold Project in Oregon, U.S.A and Satisfies Release Conditions for $11,500,000 Escrowed Financing

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Last update: Oct 22, 2025

TORONTO, Oct. 22, 2025 (GLOBE NEWSWIRE) --

Q-Gold Resources Ltd. (TSXV: QGR) (“QGold” or the “Company”) is pleased to announce the closing of its previously announced indirect acquisition (the “Acquisition”) of an option to acquire the advanced-stage Quartz Mountain gold exploration project located in south-central Oregon (the “Quartz Mountain Project”). The Acquisition was completed pursuant to the previously announced share exchange agreement dated March 31, 2025, as amended (the “Agreement”), through the purchase of all issued and outstanding shares of 0975828 B.C. Ltd. (the “Target”) from its sole shareholder, Alamos Gold Inc. (“Alamos”).