Launches Gold Vein Trenching Program

Q-Gold Resources Ltd. Launches Gold Vein Trenching Program In Mine Centre, Ontario.

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

September 13, 2006
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”), announced that it has received final DIGHEM Airborne survey data covering its 26,840 acres of mining claims and leases in the historic Gold Mining Camp of Mine Centre, Ontario. The electromagnetic (EM) and magnetic data, which contains a number of anomalies which are potential prospects, are being interpreted by the Corporation in conjunction with a geophysical consulting firm. Drilling targets thus determined will be drilled in the second phase of Q-Gold’s current exploratory drilling program at Mine Centre, which is fully funded and expected to commence in November.

In the interim, while drilling targets are being selected, Q-Gold has launched an extensive trenching and sampling program on its wholly-owned Foley and Golden Star Vein Complexes. The current program will trench and sample a minimum of 1,100 meters in four of the major surface veins in the Foley Complex (West, Vowel, Sulfide and Jumbo) and a fifth un-named cross-cutting vein. An additional 800 meters on three virtually unexplored veins in the Foley Complex will be also trenched and sampled to attempt to further enlarge the scope of the vein complex.

The trenching program will also include 550 meters of heretofore unexplored veins in the Golden Star Mine Complex, where 10,758 ounces of gold were produced from one vein in the 1890s. Thus, gold-bearing veins with an additional total strike length of almost 2,500 meters will be trenched and assayed this Fall at Mine Centre.

A similar trenching program on veins in the Foley Complex in 2005 (reported on November 22) yielded weighted average values of 4.8 grams/ tonne (g/t) of gold and 15.6 g/t of silver over a strike length of 213 meters from 16 trenches from the Jumbo Vein alone. Weighted average assay values for five other gold-bearing surface veins at the Foley tested over a strike length of 787 meters ranged from 1.0 to 6.2 g/t gold.

Over 100 quartz veins on Q-Gold’s holdings at Mine Centre have recorded gold values. The Corporation’s Foley and Golden Star Mines produced a total of 16,000+ ounces of gold principally in the 1890s, prior to a fire that destroyed surface facilities at both mines in 1901.

Q-Gold’s President and CEO, J. Bruce Carruthers II, declared, “While the Company and its consultants are preparing and reviewing technical data to delineate additional drill targets for the next phase of diamond drilling, we are encouraged that the upcoming trenching and sampling program of the surface gold-bearing quartz vein system at Mine Centre will provide us with a significant amount of near-term assay information at minimal cost. This will help us extend the already sizeable known area of the gold vein complex, which appears to be highly interconnected the more we explore it.”

As reported on August 18, 2006, the Corporation has commissioned consulting firm Northwest Mineral Development Services of Kenora, Ontario to prepare a pre-feasibility study on the advisability of de-watering and re-opening the Foley Mine to underground exploration. The mine incurred extensive underground development in the 1920s, but no mining of ore, as the project ran out of funds during the Great Depression before an on-site mill could be completed. Historical reports of “reserves” contained in the Foley Mine have not been confirmed and are subject to further exploration through drilling and underground sampling, as they are not compliant with NI 43-101 requirements.

The Corporation also announced that it has engaged geographic information systems (GIS) consultants Zone 14 GeoInfo Solutions Inc. (“Zone 14”) of Winnipeg to digitize Q-Gold’s large volume of historic and current technical data covering the Mine Centre Gold Camp into a modern GIS database. Q-Gold’s GIS system will also be managed by Zone 14, which provides similar services for a number of Canadian mining companies.

For more information, please contact: J. Bruce Carruthers II, President at 888-779-0166.

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.

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