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Q-Gold Resources Reports Core Drilling Results from McKenzie Gray Gold-Silver Discovery

Q-Gold Resources Ltd. (TSX VENTURE: QGR) has announced the results of drill holes QMG10-07 to QMG10-12 of its diamond core drilling program on its 93% owned McKenzie Gray gold/silver discovery near Mine Centre, Ontario.

In the fall of 2010, Q-Gold completed a Phase II diamond-drilling program on the McKenzie Gray property consisting of 18 drill holes totaling 2,612 metres.

Highlights of drill holes QMG10-07 to QMG10-12 on McKenzie Gray include 3.45 metres of 112.49 g/t silver, including 1.1 metres of 295.69 g/t silver (QMG10-10); 0.15 metres of  82.82 g/t gold (QMG10-07) and 0.85 metres of 10.41 g/t gold, 156.15 g/t silver and 4.46% zinc (QMG10-12).

The company is very pleased with its recent achievements on McKenzie Gray and is looking forward to further exploration and the possible extension of this high-grade gold and silver system in Phase III.

Assay results for the remaining drill holes are forthcoming.

Drilling Results

Q-Gold Resources Ltd. completed the above 18-hole Phase II diamond-drilling program on the McKenzie Gray property in November of 2010. It was designed to follow-up on the successful 2009 drill program (see press release dated October 28, 2009), which identified significant gold, silver and zinc mineralization. The 2010 drill program consisted of 5 shallow dipping drill holes (-40o) to test the mineralized zone near surface (QMG10-14 to 18). The other 13 drill holes (QMG10-1 to 12) tested the mineralized zone to a depth of 150 metres. The new drilling was completed on the same cross-sections as the 2009 drill holes, spaced at 15 metre intervals.

All core samples were selected by the Q-Gold site geologist and were cut in half by diamond core saw. Individual samples were placed in plastic sample bags with a sample tag number and sealed. Groups of samples were then placed into plastic pails and sealed with plastic covers. The remaining half cores are stored in the outdoor storage area at the Q-Gold Fort Frances office, which is fenced-in and locked.

All sample shipments were sealed and shipped to TSL Laboratories Inc. in Saskatoon, Saskatchewan for analysis. TSL Laboratories' quality system complies with the requirements for the International Standards. Q-Gold also had its own quality control / quality assurance programs in place.

The remaining coarse reject portions of the samples and sample pulps remain in storage at the TSL storage facility in Saskatoon in the event that further analyses are required.

The technical content of this release was reviewed and approved by Delio Tortosa P. Eng., a Qualified Person as defined by National Instrument 43-101.

Q-Gold Resources also announced today it appoints Dr. Karsten Eden as Vice President Exploration for Q-Gold Resources Ltd. Dr. Karsten Eden is a Certified Professional Geologist (CPG -11094) through the American Institute of Professional Geologists and European Geologist (EurGeol -771) through the Federation of European Geologists. Additionally he is a licensed Professional Geologist in the State of Alaska (#603). Dr. Eden has16 years experience in the mining and exploration industries. He has specialized knowledge in Geographic Information Systems (GIS) technology and extensive experience in mineral potential modeling, geological modeling and mineral economics. He has international experience in the supervision and management of mineral exploration projects in remote regions of Alaska, Western Australia, West Africa, Scandinavia and Europe. Dr. Eden holds a Master's Degree in Economic Geology from the Technical University of Clausthal in Germany and a doctorate degree in Exploration Geology with an emphasis in GIS applications in mineral exploration from The University of Technology Aachen in Germany. He received two internationally recognized research awards for his PhD work.

The board of directors of Q-Gold welcomes Dr. Karsten Eden to the position of Vice President of Exploration.

Source: Q-Gold Resources Ltd.

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