Q-Gold announces gold zone drilling program at Mine Centre, Ontario



    SEC 12g 3-2(b) Exemption No. 82-4931

    FORT FRANCES, ON, Aug. 18 /CNW/ - Q-Gold Resources Ltd. (TSX VENTURE:QAU)
(FRANKFURT:QX9) (http://www.qgoldresources.com) announced that it has
contracted a diamond core drill rig for a series of sections across the
Company's gold-bearing McKenzie Gray quartz vein on the southwest portion of
its over 30,000 acre holdings at Mine Centre, Ontario. Subject to the
completion of preliminary line-cutting, the rig should be onsite before
month-end.
    The McKenzie Gray tract includes six contiguous Crown Leasehold Patents
totaling 240 acres, which are surrounded on three sides by Q-Gold's other
holdings at Mine Centre. The tract was purchased by Q-Gold from private
parties (see press release dated January 5, 2007) and also includes the
gold-bearing Jolly Roger vein, a small mill and building and 2 large tailings
ponds, which include a currently inactive permit that can be activated by the
Company if events warrant.
    An historical report prepared by David J. Gliddon Geological Services,
Inc., dated July 31, 1990 (p. 16), shows the following results from different
trenching, sampling and assaying programs on the McKenzie Gray Vein by other
operators between 1938-46:

    

                                          Au Grade      Width      Strike
                                        (grams/tonne)    (m)      Length (m)
                                        -------------------------------------
    McIntyre Gold Mines Ltd.                16.8         0.9         76.2
    -------------------------------------------------------------------------
    U.S. Smelter Corp.                      15.1         1.2         53.4
    -------------------------------------------------------------------------
    Ventures, Ltd.                           9.3         1.2         91.5
    -------------------------------------------------------------------------
    

    Exploratory drilling by the previous owners in 1992 revealed gold-sulfide
mineralization in a lense plunging to the 100 metre level, with the vein
remaining "open" at depth. This lense at depth will be the target of Q-Gold's
drilling program. Reserve estimates made by Ovalbay Geological Services Inc.
in a report dated December 31, 1992 (p. 32), showed 98,702 tons grading 0.30
gold equivalent ounces per ton in all ore categories (totaling 29,611 gold
equivalent ounces).
    However, as a Qualified Person, as defined by NI 43-101, has not done
sufficient work to classify the above historical estimates as current mineral
resource, Q-Gold is not treating these historical estimates as current mineral
resources and the historical estimates should not be relied upon for any
purpose.
    President and CEO Bruce Carruthers said, "The Company is pleased to be
able to test this 2007 purchase, whose previous owner encountered a gold zone
in the McKenzie Gray vein. We will now be drilling multiple 3-hole sections
into the vein at depths of 80, 100 and 150 metres from single drill locations
in a "fan" pattern. The sections will be on a relatively 'tight' grid, spaced
15 metres apart for maximum control and exposure to the indicated gold zone.
    Richard C. Beard, 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.

    
    About Q-Gold Resources Ltd.
    ---------------------------
    

    Q-Gold is a Canadian-based mineral exploration company currently
exploring for precious and base metals and platinum group elements on its
30,000+ acres of Ontario holdings in the historic Gold Camp at Mine Centre,
including 5 historic gold mines. It also has options on 4,796 exploratory
acres in Ontario's Rainy River Greenstone Belt. In addition, the Corporation
holds options on seven historic gold and silver mines in the historic Arizona
gold camp of Crown King, and two prospective copper porphyries and one copper
/zinc prospect in Arizona.
    For all future Q-Gold investor relations needs, investors are asked to
visit the Q-Gold IR Hub at http://www.agoracom.com/IR/Q-Gold where they can
post questions and receive answers within the same day, or simply review
questions and answers posted by other investors. Alternatively, investors are
able to email all questions and correspondence to QAU@agoracom.com where they
can also request addition to the investor email list to receive all future
press releases and updates in real time.

    The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially form the Company's expectations and
projections. Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.




For further information:

For further information: Corporate Inquiries: Q-Gold Resources Ltd., J.
Bruce Carruthers II, President, 1-888-779-0166, http://www.qgoldresources.com;
Investor Relations: AGORACOM Investor Relations,
http://www.agoracom.com/IR/Q-Gold, QAU@Agoracom.com

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