Q-Gold Announces Results of Annual and Special Meeting and Corporate Update

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VANCOUVER, British Columbia, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (the "Company") (TSX VENTURE: QGR) (http://www.qgoldresources.com) is pleased to announce that at the Annual and Special Meeting of shareholders (the “Meeting”) held on September 13, 2018, 100% of the shares at the Meeting voted for the re-election of Messrs. Fred Leigh and Robert C. Bryce as directors for the ensuing year and for the election of Mr. Andrew Cheatle as a director for the ensuing year. 36.5% of all of the issued and outstanding shares of the Company were represented at the Meeting.

Mr. Cheatle has over 25 years of minerals industry experience as a professional geologist and mining executive, with former roles including President and CEO of Unigold Inc., and as the Executive Director of the Prospectors and Developers Association of Canada (PDAC). His career has spanned both major mining companies (Anglo American Corporation, Goldcorp) and the junior mining sector. He is also currently a Non-Executive Director of Condor Gold plc. and a Director of the Canada – Africa Chamber of Business. He is a graduate of the Royal School of Mines, Imperial College, London and holds an MBA.

The shareholders also re-appointed Calvista LLP Professional Accountants as auditor of the Corporation and approved the Company’s 10% rolling stock option plan. In addition, the shareholders approved by way of a special resolution to amend the articles of the Company and continue the Company to the Province of Ontario under the Business Corporation Act (Ontario).

The shareholders also approved the board of directors to set the number of directors from time to time within the minimum and maximum of directors set forth in the articles of the Company.

Following the Meeting, the board of directors of the Company appointed Deborah Battiston as the Chief Financial Officer as well as Kenny Choi as the Corporate Secretary.  Both Ms. Battiston and Mr. Choi are seasoned professionals with many years of experience in the corporate sector.

Deborah Battiston joins the Company with an extensive background in financial management, with over 25 years of experience that includes public companies, mergers & acquisitions as well as tax and financing.  Ms. Battiston is no stranger to working in a fast paced and a fast growth environment.  She has great experience in developing and streamlining the financial infrastructure of companies, having spearheaded numerous financial teams for a number of successful domestic and international organizations.  Ms. Battiston has a BA in Economics from the University of Guelph, and holds certified designations as a CPA-CGA as well as an ICD.D, which ensures her lifelong commitment to excellence in the boardroom, a desire to stay current, and to be a more effective and innovative leader. 

Mr. Kenny Choi is a corporate lawyer who works as a legal consultant to various TSX and TSX Venture listed companies in the mining and technology industries. He was previously an associate at a large Toronto corporate law firm, where he worked on a variety of corporate and commercial transactions.  Mr. Choi studied at Western University, where he obtained a Juris Doctor from the Faculty of Law and an Honours Business Administration degree from the Ivey Business School.

Ms. Battiston and Mr. Choi replace Mr. Eric Gavin, the former Chief Financial Officer and Corporate Secretary of the Company. Management and board of directors of the Company would like to thank Mr. Gavin for his services and continued support of the Company.

About Q-Gold Resources Ltd.
The Company is a publicly traded Canadian-based mineral exploration company currently exploring for precious and base metals on its Ontario and Arizona prospects.

Forward-looking statements:

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, the company cautions that the completion of the proposed acquisitions cannot be predicted with certainty, and that there can be no assurance at this time that the proposed acquisitions will be completed in the manner noted above or at all. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.

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