Exciting Gold Values

Q-Gold Resources Ltd. (“QAU”: TSX-V) Reports Additional Exciting Gold Values At Mine Centre

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

December 7, 2005
Q-Gold Resources Ltd. (“Q-Gold” or the “Corporation”) is pleased to announce more encouraging assay results from its trenching program for two more (Vowel and West Vein) of the five large quartz fissure veins in the Foley Mine Vein Complex near Mine Centre, in Northwestern Ontario, 150 miles southeast of Red Lake.  Q-Gold owns 100% interest in mining claims and Crown leases covering 18,740 contiguous acres in the historic (1890’s) Mine Centre Gold Camp.

The results from 27 new trenches from the Vowel and West Vein when added to the assays from 16 trenches in the Jumbo Vein (previously reported on November 22, 2005), confirm the continuity of excellent gold grades from a total of 43 trenches in three large surface veins in the complex ranging from 4.2 to 6.2 grams of gold/ tonne (0.12 to 0.18 ounces/ ton) over a total sampled strike length of 600 meters.

Assay results from the Vowel and West Vein are similar to those obtained from the Jumbo Vein (reported November 22, 2005). Both mineral composition and assay values showed similar consistency between these veins. The results of 20 samples taken from 10 trenches on the Vowel (Main) Vein returned a weighted average of 6.187 g gold/t, 25.2 g silver/t and 2.21% zinc for a strike length of 116.3 metres. Two samples # 21557 and # 21558 taken from trench V-25 returned the following assays: (#21557) 31.14 g gold/t, 102.0 g silver/t, and 5.95 % zinc over 0.35 metre, and (#21558) 12.23 g gold/t, 86.3 g silver/t and 6.09% zinc over a true width of 0.35 metre for an aggregate weighted assay of 21.69 g gold/t, 94.15 g silver/t and 6.02% zinc over a true width of 0.70 meter. The weighted average grade of the trenches on this vein varied from 0.58 to 21.69 g gold/t and from 1.97 g to 94.15 g silver /t. The Vowel (Main) Vein branches eastward to form the Vowel-East splay Vein near its midpoint. Nine samples from this vein returned the following weighted average assay of 4.19 g gold/t, 4.56 g silver/t and 0.07% zinc along a strike length of 63.4 metres.

Similar grades of gold, silver and zinc were obtained from the West Vein. Several high gold assays were also obtained from this vein. Five samples from this vein, numbered 21598, 21602, 21604, 21609 21611 and 21614 returned gold values of 17.1, 10.58, 14.74, 11.25, 10.22 and 17.06 g gold/t respectively. ( See table below)           

Chairman and CEO, J. Bruce Carruthers II, reported, “We are extremely pleased with the assay results of the first three veins (Jumbo, Vowel and West Vein) of the five large veins trenched and sampled in the first phase of our Exploration Program at Mine Centre. The sampling has shown consistency in gold grade within these first three large veins, something that eluded previous limited exploration efforts.  Trenching has also revealed that several of the veins originally thought to be separate are actually extensions and/or splays of other known veins.  Many of the veins now appear to be inter-connected, indicating that the Foley Vein Complex System is much larger and the gold grade is higher and more consistent than originally thought. Our limited drilling efforts so far have shown that the veins at Mine Centre widen with depth. Historical drilling and drifting records in the vein complex indicate that gold grade increases with depth.” 

Weighted average results for samples from trenches in the two new veins are summarized in the table below.  Assays were provided by Swastika Laboratories Ltd. of Swastika, Ontario.

	West Vein	Vowel Vein (Main)	Vowel Vein (East Splay)
Total Trenches (43)	11	10	6
Total Strike Length (599.78 m)	207.15	116.25	63.38
Average Trench Width (m)	0.500	0.907	0.430
Weighted Average of Assays
Gold (gm/t)	5.23	6.19	4.19
Silver (gm/t)	4.35	25.20	4.56
Zinc (% by weight)	0.07%	2.21%	0.76%
Remarks:	451 meters intervening section of vein not sampled due to swamp.  Open at both known ends of total 652 m vein length.	Open in both directions	Open for 150 m to the south

The Company is awaiting assays from the trenching of additional veins in the Foley Complex. Results will be reported as soon as they are received and interpreted.

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.

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