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.
