Application For Listing On The Frankfurt Exchange And Engagement Of Globemedia

Gold Resources Ltd. Announces Application For Listing On The Frankfurt Exchange And Engagement Of Globemedia.

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

June 13, 2006
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”) announced today that it has applied for listing of the Corporation’s shares on the Regulated Unofficial Market (the “Open Market”) of the Frankfurt Stock Exchange (Frankfurter Wertpaperbörse), operated by Deutsche Börse under the symbol “QX9”. The Deutsche Börse is the world’s only fully-integrated exchange and offers its customers one-stop access to all relevant stock market services and systems using state of the art technology.

The Corporation also announced that, in conjunction with its application to the Frankfurt Exchange, it has signed an Investor Relations contract with GlobeMedia AG of Regensdorf (Zurich) Switzerland, whereby GlobeMedia will provide Investor Relations services to the Corporation in the German-speaking centers of Europe for an initial term of 12 months, effective 1 June 2006.

In addition to assisting with the Frankfurt listing application, GlobeMedia will provide distribution of the Corporation’s financial materials, press releases and other corporate materials to German-speaking audiences in Europe via the consultant’s homepage. GlobeMedia will also organize research reports, provide mailings to investors and arrange for trade shows and meetings with analysts, brokers, fund managers and professional investors to promote Q-Gold’s mining activities.

In return for providing these services, GlobeMedia will be paid a monthly fee of US$ 2,000, plus business expenses and will be granted 100,000 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 TSX Venture Exchange has approved the Corporation’s previously announced purchase of eight additional gold claims at Mine Centre, Ontario totaling 320 acres for $25,000 payable through the issuance of 100,000 Q-Gold common shares at a deemed price of $0.25 per share.

Mr. Carruthers also reported that NorthStar Drilling of Brandon, Manitoba is mobilizing a diamond drill rig which is scheduled to arrive at Mine Centre on June 15th. This will initiate a minimum 5,000 foot diamond drilling program for Q-Gold on prospective gold targets delineated by recently completed airborne and ground geophysical surveys on its 100% owned 22,360 acres of mining claims and leases in the historic gold mining camp of Mine Centre.

The Corporation also announced that the Annual General Meeting of the Shareholders was held in Calgary on June 12. All five of the Directors nominated on the ballot were re-elected and all other ballot items were passed by a majority of the votes cast.

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.