Engagement Of Investor Relations Firm

Q-Gold Resources Ltd. Announces Engagement Of Investor Relations Firm, Bay Street Connect Ltd.

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

June 7, 2006
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”) announced today that it has signed an Investor Relations contract with Bay Street Connect Ltd. of Toronto, whereby Bay Street Connect will provide a full-range of Investor Relations services to the Corporation in Canada for an initial term of 3 months, effective 1 June 2006.

Bay Street Connect will provide Q-Gold with access to an extensive database of investors, stock brokers, analysts and money managers and make introductions to potential funding sources for the Corporation’s mining activities. It will also coordinate Q-Gold’s presentations to the investment community and assist in the preparation and dissemination of corporate communications to investors, shareholders and the financial community as well as perform other investor relations services on behalf of Q-Gold.

In return for providing these services, Bay Street Connect will be paid a monthly fee of $ 5,000, plus business expenses and will be granted 150,000 common share stock options at a price of $0.25 each, exercisable within five years. These options are subject to TSX Venture Exchange Policy 4.4.

J. Bruce Carruthers II, Chairman and CEO, also announced that the field portion of the Fugro Airborne (helicopter) EM/Magnetic survey of the Corporation’s 100% owned 22,040 acres of gold mining claims near Mine Centre, Ontario has been completed. Final interpretive data from the 1,500+ line kilometer survey will be available in 2-3 weeks. Ground geophysical surveys (Max-Min) are in progress to further delineate areas targeted for diamond drilling, which is scheduled to commence within the next ten days.

For more information, please contact: J. Bruce Carruthers II, Chief Executive Officer 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.