Q-Gold Hits High Grade

Q-Gold Resources Ltd. (“QAU”: TSX-V) Hits High Grade

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

November 22, 2005
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”) is pleased to announce the results of the first phase of exploration on its 100% owned Mine Centre Gold Property located in Northwestern Ontario. The Property consists of 18,740 acres of contiguous mining claims, Crown leases and Leasehold Patents. The Corporation’s holdings are located within the historic Mine Centre 1890’s gold camp, which produced 16,025 ounces of gold from the Foley and Golden Star Mines. The gold camp has not received any extensive, systematic exploration since the 1920’s.

The first phase of exploration consisted of stripping, trenching and drilling of 10 diamond drill holes. The stripping was carried out on the West, Jumbo, Bonanza, Vowel, North Sulphide and South Sulphide Veins. A total of 104 chip samples were taken from the exposed portions of the West (16), Jumbo (37), North Sulphide (19), Vowel (13) and South Sulfide (19) veins. All of the veins are contained within highly altered, quartz-rich trondhjemite which forms part of the Shoal Lake Intrusion. The assay results from the Jumbo vein, have confirmed the historical gold values reported from this vein. Assay results from trenching on the other four veins are still pending. All assays were performed by Swastika Laboratories, Ltd., of Swastika, Ontario, using the “pulp and metallic” assay method.

Channel sampling on the “Jumbo” vein of the Foley Mine Vein Complex yielded the assay results listed below:

Summary - Jumbo Vein (16 Trenches)
Total strike length sampled:  213 meters (open on strike at both ends)
Average trench width:  1.13 meters
Weighted average mineralization encountered:
Gold = 4.809 gm/tonne (0.1403 oz/ ton)
Silver = 15.6 gm/tonne (0.455 oz/ ton)
Zinc = 0.326% by weight (6.623 lbs/ton)

These initial results from trenching of the Jumbo vein, show relatively consistent gold mineralization along the entire 213 meters of exposed strike length of the vein, which remains “open” on strike at both ends.

The drilling stage of Q-Gold’s exploration program consisting  of ten diamond drill holes tested the downward continuity of the veins and acquired preliminary structural, geological and mineralogical information below surface around the Foley Mine veining system.  Two intervals containing significant gold values were intersected in two drill holes. Holes Q-05-08 intersected 1.5 metres, from 147.3m to 148.8m, grading 53.47 g gold/t (1.559 oz/ton) and Holes Q-05-09 intersected 0.5 metres, from 98.55m to 99.05m, grading 6.67 g gold/t (0.195 oz/ton).  Three other structural drill holes intersected gold, but at lower values as indicated below:

		Interval (m)			Au
	Hole	From	To	Width (m)	Gm/tonne		Remarks
(1)	Q-05-02	81.65	82.35	0.7	3.44
(2)	Q-05-05	57.75	59.25	1.5	0.83
(3)	Q-05-07	90.70	92.00	1.3	3.38
(4)	Q-05-08	147.3	148.8	1.5	53.47		Visible gold in core.  Included 0.5m interval grading Au  155.7 gm/ tonne (4.543 oz/ton)
(5)	Q-05-09	98.55	99.05	0.5	6.67		Visible gold in core

The drilling confirmed the down dip extension of the veins to a maximum depth of 120m in Hole Q-05-08 and to a depth of 160m in hole Q-05-09. It also confirmed the presence of multiple, parallel veining in broad zones of sheared and altered trondhjemite and the widening of all the veins at depth.

The veins in the Foley Mine area are very similar in mineralization to other veins in the Shoal Lake Felsic Intrusion. The above listed veins are consistently mineralized with massive, disseminated and stringers of pyrite, massive and disseminated sphalerite, minor chalcopyrite, bornite and acanthite (a silver sulphide). The veins have been subjected to multiple stages of deformation, forming a peculiar ribbon texture to the quartz veins. Tourmaline has been injected along fractures within the trondhjemite and quartz veins.  The host, quartz rich trondhjemite, has been intensely saussuratized and chloritized with varying levels of silicification. The veins are hosted within moderately to strongly foliated trondhjemite. All of the veins around the Foley Mine have a northerly and sub-parallel trend within the intrusion. Many of the veins bifurcate to form larger veins.

There are at least three separate stages of deformation and injection of quartz into the structurally emplaced veining system. These structure appear be deep-seated and the drilling confirmed more intense alteration at depth.  These structurally emplaced gold-bearing quartz veins form part of a larger structural pattern within the Shoal Lake Intrusion in the immediate property area and surrounding region.

“The Corporation is very encouraged with the results of the trenching, sampling and diamond drilling, which compromise the first phase of our exploration program at Mine Centre”, said Chairman and CEO, J. Bruce Carruthers II. “We look forward to increasing our exploration activities there in the very near future”.  To that end, Q-Gold recently announced that it has engaged Toronto-based, IBK Capital Corp. to raise up to $2.0 million to further Q-Gold’s exploration efforts.  “Mine Centre is one of only a few remaining under-explored past gold-producing Archean greenstone belts in the Superior Province. The belt is situated between two major structural Deformation Zones, the Seine River and Quetico Fault system”, Mr. Carruthers continued. “We hope that we will be able to find the deep-seated sources (conduits) of the gold “system” indicated by the presence of two former producing gold mines and over 100 veins that have recorded gold values in the past at Mine Centre.”

Mr. Ray Bernatchez, P. Eng., Consulting Geologist, a Qualified Person, as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this press release.

For more information, please contact: J. Bruce Carruthers II, President 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.

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