Exploration Program To Commence On Caya Gold Target

VANCOUVER, BC - Q2 Gold Resources Inc. reported that field activities have begun on its Caya 36 gold concession in southeast Ecuador. The company has provided the Ministry of Mines and Petroleum ("MMP") the required filings of the Annual Environmental Budget and Annual Environmental Audit documents to conduct exploration work on Caya 36. Field crews will begin by reopening an existing access road to the concession area and initiating the mapping and sampling program required prior to the drilling phase.
In addition, the Sub-Secretary of Environment in the MMP and the National Director of Environment have accepted the Terms of Reference for an Environmental Impact Assessment ("EIA") for the company's Piedra Liza gold target concessions. Work is continuing on the EIA and upon completion will be submitted to the MMP. Consultations with the local communities surrounding Piedra Liza are ongoing.
Q2 Gold acquired the Caya 36 and Piedra Liza gold exploration targets from Corriente Resources Inc. as a result of a Plan of Arrangement. Q2 Gold holds a 100% interest in approximately 7,000 hectares of gold concessions located in the Zamora-Chinchipe Province in southeastern Ecuador. The Caya 36 property is situated directly south of Corriente Resources Inc.'s Mirador concessions and north of Aurelian Resources Inc.'s Fruta del Norte gold targets.
The company's address is 520-800 W. Pender Street, Vancouver, BC V6C 2V6, (604) 687-0449, fax: (604) 687-0827, email: [email protected].