Cousineau Tract Acquisition

Q-Gold Resources LTD. Announces Approval Of Cousineau Tract Acquisition

SEC 12g 3-2(b) Exemption # 82-4931

April 25, 2006
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”) announced today that it had received approval from the TSX Venture Exchange (the “Exchange”) for the issuance of 375,000 common shares of the Corporation to the owners of the Cousineau Tract in Northwestern Ontario at a deemed price of $0.20 per share for total consideration of $75,000.  This transaction was announced in a press release dated March 13, 2006. The share issuance constitutes Q-Gold’s final payment under its Option enabling it to acquire a 100% interest in the 5,840 acre block of gold and base metals mining claims near Mine Centre (the “Mining Claims”). 

As previously announced, the owners will retain a 2.5% net smelter return (NSR) on any mineral production from the Mining Claims.

Several large tracts on the Mining Claims are scheduled for further investigation in Q-Gold’s upcoming 2006 Exploration Program.

Upon completion of this transaction, the Corporation will have 14,281,489 shares issued and outstanding and 22,794,489 on a fully-diluted basis.

For more information, please contact: J. Bruce Carruthers II, President and CEO at (928) 779-0166

This release may contain forward looking statements implying an assessment that the resources described can be produced profitably in the future. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.