Q-gold Resources Ltd · TSXV:QGR
Q-gold Resources — Investor Presentation (November 2025)
32 slides from Q-gold Resources's investor presentation, Nov 20, 2025
Slide 1: Advancing North America's Next Significant Gold Projects
Advancing North America's Next Significant Gold Projects CORPORATE PRESENTATION Q4 2025
Slide 2: Cautionary Language & Legal Disclaimer
Cautionary Language & Legal Disclaimer Cautionary Language This presentation has been prepared by Q-Gold Resources Ltd. (“Q-Gold”, "Q-Gold Resources", or the “Company”). This presentation does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer
Slide 3: Cautionary Language & Legal Disclaimer
Cautionary Language & Legal Disclaimer Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expres
Slide 4: Corporate Overview: Share Structure
Corporate Overview: Share Structure KEY INSTITUTIONAL SHAREHOLDERS Common shares outstanding 153,311,108 Institutional Shareholders 52 % Libra Investments 13% Options o/s Franklin Gold Fund 9% 14,650,000 (ex. price range: $0.07-$0.26) ASA Gold Fund 8% Brasil Warrant LLC 6% Warrants o/s 45,973,855 Al
Slide 5: Corporate Overview: Management Team
Corporate Overview: Management Team ▪ International financier and entrepreneur with over $3B raised for resource companies across multiple sectors. Stan Bharti ▪ Over 30 years of experience acquiring, restructuring, and building companies in mining, energy, and technology. Chairman ▪ Formerly led do
Slide 6: Asset Portfolio: North American Gold Platform
Asset Portfolio: North American Gold Platform Gold Projects in the United States and Canada Quartz Mountain Gold Mine Centre Gold Project Large, Open Pit Resource Tremendous Potention USA Canada Large Open-Pit Mineral Resource NI 43-101 Past-Producing Gold Camp 1.543 million ounces M&I @ 0.96g/t and
Slide 7: Quartz Mountain Gold Project
Quartz Mountain Gold Project Location: Oregon, United States Stage: Pre Development Stage Commodity: Gold / Silver Mineral Resource: NI 43-101 (2025) 6
Slide 8: Quartz Mountain: Gold is a Strategic Mineral
Quartz Mountain: Gold is a Strategic Mineral Trump Takes Immediate Action to Increase American Mineral Production* ▪ Gold mining has been declared as of strategic importance to the U.S. national interest* ▪ FAST – 41 to improve mine permitting ▪ The Quartz Mountain Gold Project is on Federal Land ▪
Slide 9: Quartz Mountain: Overview - Location
Quartz Mountain: Overview - Location Advanced Gold Project in Oregon with exploration upside at Angel's Camp Mineral Resources: ▪ 1.543 Million Indicated Ounces Gold at 0.96 g/t ▪ 0.148 Million Inferred Ounces Gold at 0.77 g/t ▪ US$ 6.762 Billion total Gold in situ value: ▪ 2.049 Million indicated O
Slide 10: Quartz Mountain: Mineral Resources NI 43-101
Quartz Mountain: Mineral Resources NI 43-101 Advanced Gold project in Oregon with exploration upside at Angel's Camp Quartz Mountain Gold Project Mineral Resources Category Tonnes Silver Grade Contained Silver Gold Grade Contained Gold Measured Indicated 50,002,000 1.27 2,049,000 0.96 1,543,000 Meas
Slide 11: Quartz Mountain: Property Claims
Quartz Mountain: Property Claims Quartz Mountain and Angel's Camp Surface managed by US Forest Service (USFS) and mineral rights by the Bureau of Land Management (BLM) Quartz Mountain property (Blue) ▪ Near-surface Mineral Resource estimates at Crone Hill and Quartz Butte ▪ 86 unpatented lode mining
Slide 12: Quartz Mountain: Mining Claims and Drill Density
Quartz Mountain: Mining Claims and Drill Density Crown Hill and Quartz Butte 11
Slide 13: Quartz Mountain: Block Model
Quartz Mountain: Block Model Crone Hill and Quartz Butte Quartz Butte Crone Hill 12
Slide 14: Block Model Crone Hill
Block Model Crone Hill Crown Hill Easy access and Low Strip Ratio The block model cross sections show color coded block and drill hole composite gold grades, the base of oxidation surface and the conceptual pit that was used to define NI 43-101 Mineral Resource Estimate. Red line shows extent of oxi
Slide 15: Block Model Quartz Butte
Block Model Quartz Butte Quartz Butte Easy Mining and Low Strip Ratio The block model cross sections show color coded block and drill hole composite gold grades. Red line shows the base of oxidation surface and the conceptual pit that was used to define Mineral Resource Estimate. 14
Slide 16: Quartz Mountain Gold Project: Peer Comparison
Quartz Mountain Gold Project: Peer Comparison Quartz Mountain Gold Project shows Good Grade / Easy Mining and Low Strip Ratio Mine Location Open Pit Grade ( g/t Au ) Stripping Ration (Waste : Ore) Canadian Malartic Canada 1.06 g/t 2.4 : 1 Detour Lake Canada 0.82 g/t 1.90:1 Côté Lake Canada 0.96 g/t
Slide 17: Quartz Mountain: Alamos Base Case Assumptions – Internal Only
Quartz Mountain: Alamos Base Case Assumptions – Internal Only Historic Base Case Assumptions – by Alamos Base Case Assumptions using $1400 gold price & costing estimates using current M&I and Inferred Resources (all in US$): ▪ Leach only (oxides + transition) ▪ Leach + mill (oxides + transition + su
Slide 18: Trading Comparables
Trading Comparables Compelling Investment Opportunity Enterprise Value / Resource (US$ / oz Au Eq.) 350 300 250 200 150 286 296 100 174 181 50 71 75 84 84 6 45 45 59 30 30 35 0 7 10 10 16 17 (1) Source Data from BMO Capital Markets. Median excludes Q-Gold and resources are inclusive of reserves. 17
Slide 19: Angel's Camp Gold Project
Angel’s Camp Gold Project Location: Oregon, United States Stage: Pre Development Stage Commodity: Gold / Silver Mineral Resource: High Grade Gold 18
Slide 20: Quartz Mountain: Mining Claims and Drill Density
Quartz Mountain: Mining Claims and Drill Density Angel’s Camp Location compared to Crown Hill and Quartz Butte Quartz Butte Easy Mining and Low Strip Ratio Crone Hill Quartz Butte Angel’s Camp 19
Slide 21: Quartz Mountain: Growth Opportunity
Quartz Mountain: Growth Opportunity Angel's Camp Historical Highlights Angel's Camp historical highlights at Angel's Peak* 67.44 g/t Au over 4.18 m in QM 403 11.0 g/t Au over 13.7 m in QM 600 160.5 g/t Au over 1.5 m in QM 600 59.5 g/t Au and 1020 g/t Ag over 1.7m in AC 10 Most drilling shallower tha
Slide 22: Angel's Camp Alamos Gold Geological Model
Angel’s Camp Alamos Gold Geological Model The geologic model consists of a single near vertical mineralized structure, oriented at 160° azimuth and plunging to the northwest. This mineralized zone was interpreted on 25ft spaced northeast- southwest cross-sections and then wireframed. The limits of t
Slide 23: Quartz Mountain: Site Visit 2025 Drill Roads
Quartz Mountain: Site Visit 2025 Drill Roads 7
Slide 24: Quartz Mountain: Site Visit 2025 Exploration Warehouse
Quartz Mountain: Site Visit 2025 Exploration Warehouse 7
Slide 25: Mine Centre Project
Mine Centre Project Location: Ontario, Canada Ownership: 100% Stage: Advanced Exploration Commodity: Gold & Silver 16
Slide 26: Mine Centre: Overview
Mine Centre: Overview High-Grade, Past-Producing Gold Camp with Significant Expansion Potential ▪ Development project in Mine Centre, Ontario with Mine Centre Major gold discoveries Red Lake exploration program along the prolific Quetico Fault Zone Cities Roads ▪ Expand known gold and silver veins o
Slide 27: Mine Centre Gold and Silver-bearing Quartz veins
Mine Centre Gold and Silver-bearing Quartz veins High-Grade, Past-Producing Gold Camp with Prospective Open Pit Potential Location of the auriferous veins on the Mine Centre property (left), and zoomed West into to Foley Mine Bonanza Foley Shaft (right) Vowel Jumbo From: Arnold, J. 2024: NI 43-101 T
Slide 28: Mine Centre: Drilling Highlights
Mine Centre: Drilling Highlights Recent & Historical Intersections ▪ The recently drilled 6 holes around Foley Mine intersected veins with visible gold. (See PR July 14, 2025) Assays pending. ▪ Previous diamond drilling between 2005-2012 established the Foley Gold Mine as a large Au-Ag deposit of mu
Slide 29: Mine Centre: Overview
Mine Centre: Overview High-Grade, Past-Producing Gold Camp with Significant Expansion Potential Mine Centre Red Lake Major gold discoveries Cities Roads 105 Sioux Lookout Kenora 72 ON Dryden Ignace 71 502 17 622 Rainy River Mine Centre Upsala (New Gold) Hammond Reef (Agnico Eagle) Atikokan 11 Sheban
Slide 30: Mine Centre: Exploration Strategy
Mine Centre: Exploration Strategy 12-Month Development Plan - Drilling | Mapping | Drilling | Mineral Resource Q4-2025 | Foley Mine Q4-2025 I Foley Mine 2026 I Foley Mine Q2-2025 | Foley Mine Conduct field mapping to Additional infill drilling Complete initial mineral Diamond drilling to define the
Slide 31: Q-Gold: A Catalyst Rich Opportunity
Q-Gold: A Catalyst Rich Opportunity Significant Milestones to Advance the Projects over the next 12 Months Quartz Mountain Gold Mine Centre Gold Project Project Ontario, CAN Oregon, USA Update Mineral Resource & Economics 1.543 million ounces M&I @ 0.96g/t and 0.148 million ounces @ 0.77 g/t Inferre
Slide 32: Contact
Contact Q-Gold Resources Ltd. 198 Davenport Road Toronto ON Peter Tagliamonte Chief Executive Officer pwt@qgoldresources.com +1 (416) 564 2880 info@qgoldresources.com www.QGoldresources.com TSXV: QGR OTCQB: QGLDF FRNK: QX9G 31
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