TORONTO, ON / ACCESS Newswire / July 17, 2026 / XAU Resources Inc. (TSXV:GIG) ("XAU" or the "Company") is pleased to announce that it has filed on SEDAR+ an independent technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in respect of the Quartzstone Gold Project ("Quartzstone" or the "Project"), located in the Cuyuni-Mazaruni Region of Guyana, South America.
The Technical Report represents an important step in advancing the Company's previously announced proposed transaction (the "Transaction") with QS Holdings Inc. ("QSH"), the parent company of Qstone Inc. ("Qstone"), which holds the Project. Further details regarding the Transaction were disclosed in the Company's news release dated June 10, 2026.
The Technical Report was prepared by SLR Consulting (Canada) Ltd. ("SLR"), with Marie-Christine Gosselin, P.Geo., serving as the Qualified Person ("QP") for the purposes of NI 43-101. Quartzstone is expected to become a principal property of the Company upon completion of the Transaction. The Technical Report has been filed on SEDAR+ under the Company's issuer profile.
The Transaction remains subject to the satisfaction of typical closing conditions, including TSXV acceptance and shareholder approval.
About the Quartzstone Gold Project
Quartzstone is an exploration-stage gold project located approximately 120 kilometres west of Georgetown, Guyana, within one of the country's prospective greenstone belts. The Project comprises 83 mining permits covering approximately 73,069 acres, or 29,570 hectares. Quartzstone is located 45 kilometres southeast of Zijin's Aurora Mine, 78 kilometres east-northeast of Aris Mining's Toroparu Project and 24 kilometres northwest of G Mining and G2 Goldfields Oko Projects, an emerging major gold district that exceeds 20 million ounces in total gold endowment. Refer to Figure 1.
The Project hosts numerous gold occurrences, including the Eikle, Blue, Blue South, Main and Main South zones, with mineralization largely consisting of shear-hosted quartz-tourmaline veining associated with a north-south oriented thrust along the western contact of a Trans-Amazonian granite. The geological setting is not unlike that for the Oko deposits which lie in a north-south shear zone along the western flank of the Bartica gneiss. Twenty-five kilometers strike of the thrust structure lies within the Quartzstone claims with only 4 kilometres of strike drill tested. In addition to the principal thrust structure, numerous northeast striking cross structures extend across the western metavolcano-sediments and into the eastern granite with multiple occurrences of untested to under-tested high-grade gold mineralization observed in rock sampling and trenching programs.