TORONTO, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce that it has closed its previously announced private placement offering of subscription receipts (each, a “Subscription Receipt”). The Subscription Receipts were created and issued pursuant to the terms of a subscription receipt agreement dated October 3, 2025 (the "Subscription Receipt Agreement") between the Company, the Agent, and TSX Trust Company as subscription receipt agent (the "Subscription Receipt Agent"). The Broker Warrants will be issued to the Agent only upon satisfaction of the Escrow Release Conditions at or prior to the Escrow Release Deadline. All securities issued in connection with the Offering, including the Subscription Receipts, will be subject to a statutory hold period ending February 4, 2026. Tito Gandhi, a director of the Company, subscribed for 2,000,000 Subscription Receipts pursuant to the Offering (the “Insider Participation”).