June 2, 2008
QGX Confirms Sufficient Water for its Baruun Naran Coal Project, Southern Mongolia.
QGX Ltd. (TSX: QGX) is pleased to announce the confirmation of a large subsurface water resource capable of supporting both the industrial and drinking water required for the Company’s proposed 10 million tonne per annum coking-thermal coal project at Baruun Naran in southern Mongolia. click here for more (pdf)

May 15, 2008
QGX Discovers Rare Earth Elements at Khotgor, Southern Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that the three drill holes collared at its 100%-owned Khotgor project at the end of last year (see press release of August 15, 2007) returned highly significant concentrations of rare earth elements (“REEs”). Drill-hole KH-01 cut the best intercept, containing 0.68% total rare earth oxides and yttrium (“TREO+Y”) over a width of 219 m (114.5-333.5 m) based on a 0.5% TREO+Y cutoff. click here for more (pdf)

May 1, 2008
QGX Enters into Pre-Mining Agreements with the Government of Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that the Company has entered into pre-mining agreements for the Golden Hills (Cu-Au-Ag) and Undur Tsagaan (W-Mo) projects with the Mineral Resource and Petroleum Authority (“MRPAM”), an agency of the Government of Mongolia, regarding work to be conducted by QGX during pre-mining operations and stages of development. Each agreement specifies, among other things, that QGX will conduct a final feasibility study, complete an environmental impact study, and gain approval for final plant design for each project. The pre-mining operations for Golden Hills and Undur Tsagaan are specified to be completed by April, 2011. click here for more (pdf)

April 15, 2008
QGX Receives Encouraging Initial Results from Metallurgical Program for the Undur Tsagaan Tungsten-Molybdenum Project
QGX Ltd. (TSX: QGX) is pleased to announce the results of the initial metallurgical test work carried out on drill-core samples from its 100%-owned Undur Tsagaan project by Process Research Associates Ltd (PRA) at its Richmond facility in B.C., Canada. QGX commissioned PRA to conduct preliminary metallurgical testing to assess the amenability of tungsten- and molybdenum-bearing material from Undur Tsagaan, Mongolia, to various process options. click here for more (pdf)

March 28, 2008
QGX Intersects Massive Sulphides 40 km Northwest of the Central Valley Zone at Golden Hills, Mongolia
Reconnaissance Drilling Confirms the Presence of Massive Sulphides in Two Localities
QGX Ltd. (TSX: QGX.T) is pleased to announce the results of its 2007 reconnaissance three-hole drill program in which significant grades of gold, silver, copper, and zinc contained in massive sulphides were encountered in two airborne electromagnetic anomalies. These results provide evidence supporting Dr. Jim Franklin’s prediction that the Golden Hills area may represent a new district spanning several tens of km and containing multiple massive sulphide deposits (see press release of September 7, 2005). click here for more (pdf)

March 26, 2008
QGX Receives Notification of Mining License for Golden Hills
QGX Files Pre-Feasibility Study for Baruun Naran on SEDAR
QGX Ltd. (TSX: QGX) is pleased to announce that it has received confirmation that a mining license will be granted by the Government of Mongolia for the development of a mining operation at is copper-gold-silver project at Golden Hills, western Mongolia. The initial term of a mining license is 30 years. A mining license holder has the right to extend the term of the mining license two times for a period of 20 years each. QGX is in the process of concluding a pre-mining agreement with Minerals Resource Petroleum Authority to allow for the development of the mine. click here for more (pdf)

March 19, 2008
QGX Announces Equity Financing
Not For Distribution in the United States or over US Newswires
QGX Ltd. (TSX: QGX) (the “Company”) is pleased to announce that it has arranged a “best-efforts” private placement of 1,250,000 common shares of the Company (the “Offering”) at $3.40 per common share for gross proceeds of approximately $4.3 million. The Company has retained CIBC World Markets Inc. (“CIBC World Markets”) to act as exclusive agent (the “Agent”) in connection with the Offering and has granted CIBC World Markets the option to increase the size of the Offering by an additional 810,000 common shares until March 28, 2008. The Offering is expected to close on or about April 3, 2008. click here for more (pdf)

March 17, 2008
QGX Appoints Merrill Lynch as Financial Advisor
QGX Ltd. (TSX: QGX) is pleased to announce that Merrill Lynch has been appointed exclusive financial advisor to assist the Company with a review of potential strategic alternatives (the “Strategic Review”). The Strategic Review, as previously announced on February 12, 2008, will examine and consider opportunities available to the Company with the objective of enhancing shareholder value. click here for more (pdf)

February 29, 2008
QGX Receives Mining License for Undur Tsagaan Tungsten-Molybdenum Project
QGX Ltd. (TSX: QGX) is pleased to announce that the Mongolian government has delivered the official mining license certificate to QGX for the development of an open-pit mining operation at its tungsten-molybdenum project at Undur Tsagaan, eastern Mongolia. QGX announced on February 20th that the Company received confirmation that a mining license will be granted. click here for more (pdf)

February 20, 2008
QGX Receives Notification of Mining License Grant from the Government of Mongolia for the Undur Tsagaan Tungsten-Molybdenum Project
QGX Ltd. (TSX: QGX) is pleased to announce that it has received confirmation that a mining license will be granted by the Government of Mongolia for the development of an open-pit mining operation at is tungsten-molybdenum project at Undur Tsagaan, eastern Mongolia. Undur Tsagaan is QGX’s second major metals project (the first being the Central Valley Zone copper-gold-silver project at Golden Hills, western Mongolia). The project is located in eastern Mongolia near paved highway, rail, water, power, and a potential work force located at Undurkhan (population ~16,500), the aimag (provincial) capital of Khentii. click here for more (pdf)

February 12, 2008
QGX Announces Review of Strategic Alternatives
QGX Ltd. (TSX:QGX) announced today that it has initiated a review of strategic alternatives to identify the most effective means for optimizing value from existing assets for shareholders. This review will be all encompassing in its evaluation of available options. There can be no assurance that the process will result in any specific strategic or financial transactions, and no timetable has been set for its completion. The Company does not plan to make future comments about the status of the review unless there are material developments. click here for more (pdf)

January 23, 2008
QGX Receives Positive Pre-Feasibility Study Result for the Baruun Naran Coking and Thermal Coal Project, Southern Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce a positive, NI 43-101 compliant, pre-feasibility study (“PFS”) for the Company’s 100%-owned Baruun Naran coal project (“the Project”) located in southern Mongolia. Minarco-MineConsult of Sydney, Australia, an independent mining consultant, prepared the PFS on QGX’s behalf. click here for more (pdf)

December 20, 2007
QGX Submits Golden Hills and Undur Tsagaan Reserve Documents for Registration with the Mongolian Government
QGX Ltd. (TSX: QGX) is pleased to announce that reserve estimates and supporting documents for the Golden Hills (Cu-Au-Ag) and the Undur Tsagaan (W-Mo) projects, independently prepared by third-party Mongolian experts to a Mongolian government (non-NI 43-101) standard, have been submitted to the Minerals Resource Council of the Mongolian government for registration. The Mongolia Minerals Law of 2006 states that a reserve must be registered with the government before an exploration license can be converted to a mining license. click here for more (pdf)

December 13, 2007
QGX Initiates Metallurgical Studies for the Undur Tsagaan W-Mo Project, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce independent metallurgical testing of tungsten-molybdenum sulfide ores has commenced for the Undur Tsagaan project in eastern Mongolia. The metallurgical study is being directed by Mr. Peter Tse of Process Research Associates Ltd. (“PRA”), Richmond, British Columbia, with 30 years of experience in the metallurgical field. click here for more (pdf)

October 24, 2007
QGX Announces Financing Update
QGX Ltd. announces it has been advised by JUST Group Industries that due to other commitments, they will not subscribe for the remaining portion of the financing with QGX that was announced on July 24, 2007 and amended on September 25, 2007. As a result, the JUST Group investment in QGX will consist of the 722,892 shares of QGX subscribed for earlier this month at $4.15 per share, representing an investment of $3 million. click here for more (pdf)

October 9, 2007
QGX Announces Financing Update
QGX Ltd. announces that the Company has entered into an amending agreement with JUST Group Industries regarding the proposed financing announced by QGX on July 24, 2007. Pursuant to the terms of the amending agreement, JUST Group has completed the subscription for 722,892 shares of QGX at $4.15 per share, representing an investment of $3 million. JUST Group has been granted an extension until October 25, 2007 to complete the remaining balance of the proposed financing (approximately $17 million) on the same terms and conditions, provided that QGX retains the right to cancel the balance of the subscription under certain conditions. click here for more (pdf)

September 6, 2007
QGX Files NI 43-101 Preliminary Economic Assessment for Baruun Naran on SEDAR
NPV@10% (after tax): US$481 million
QGX Ltd. (TSX: QGX) is pleased to announce receipt of the NI 43-101 preliminary economic assessment (“PEA”) prepared independently by Minarco-MineConsult (“MMC”) and McElroy Bryan Geological Services Pty. Ltd. (“MBGS”), both headquartered in Sydney, Australia. This report has been posted on SEDAR and is now available to read. click here for more (pdf)

September 4, 2007
QGX Commences Drilling at the Copper Ridge Prospect, Golden Hills, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that exploration drilling is now underway at the Copper Ridge massive sulphide prospect, located approximately 3 km from the Central Valley Zone (“CVZ”) copper-gold-silver massive sulphide deposit at Golden Hills, western Mongolia. click here for more (pdf)

August 22, 2007
QGX Undertakes Steps to Convert the Central Valley Zone (Golden Hills) Exploration License to a Mining License
QGX Ltd. (TSX: QGX) is pleased to announce that a drilling program and geotechnical studies have been initiated at the Central Valley Zone (“CVZ”) of Golden Hills, western Mongolia, as part of the requirements to convert the exploration license to a mining license. As part of the process to obtain a mining license for the CVZ, QGX has commenced a hydrological drilling program to determine the location, quantity, and quality of water present in the area. The drill core from the program will also be used for geotechnical and rock mechanical test work to guide the design of the oxide gold-silver open pit. The program entails the drilling of five holes for a total of 750 m. Other studies underway for the purpose of mining license conversion include an environmental baseline study, a mining and milling progress design study, a preliminary feasibility study, and completion of a geological resource report. QGX must file a geological reserve report for the Central Valley Zone to register the resource with the government. Upon receipt of government approval of the reserve, QGX will submit an official application for a mining license. click here for more (pdf)

August 15, 2007
QGX Discovers Large Molybdenum-Fluorite System in Southern Mongolia IP survey delineates a classic “doughnut-shaped” anomaly over 3 km in diameter centered upon porphyry intrusive centre
QGX Ltd. (TSX: QGX) is pleased to announce the discovery at Khotgor, southern Mongolia, of a multiple-phase rhyolite-syenite-latite porphyry intrusive centre with zoned alteration typically associated with molybdenum deposits. Disseminated fluorite associated with coarse-grained white mica (“greisen”) is widespread throughout the central zone of alteration. A recently completed induced polarization (IP) survey shows a classic “doughnut-shaped” chargeability response centered on the intrusive which forms a resistivity low. This is a classic geophysical response that is typically associated with porphyry deposits. QGX believes the chargeability high is reflecting a pyrite-rich fringe surrounding the hydrothermal system. The broad chargeability/resistivity anomaly, combined with the large volumes of biotite-, greisen-, sericite-, and clay-altered rock mapped at surface, is interpreted to reflect a large hydrothermal system in excess of 9 sq. km. click here for more (pdf)

August 7, 2007
QGX Commissions Minarco-MineConsult to Conduct Pre-Feasibility Study for its Coking-Thermal Project at Baruun Naran, Mongolia
QGX Files NI 43-101 Resource Estimate for Baruun Naran on SEDAR
Measured and Indicated: 252.9 Mt
Inferred: 11.1 Mt
QGX Ltd. (TSX: QGX) is pleased to announce that the company has commissioned Minarco-MineConsult (“MMC”) of Sydney, Australia, to complete a pre-feasibility study on its 100%-owned coking-thermal coal project at Baruun Naran, southernmost Mongolia. MMC began working on the pre-feasibility study in late July and is scheduled to complete the study in December. A recently completed preliminary economic assessment by MMC indicated the project is financially robust with a US$481 million net present value (at 10% discount rate) on an after-tax basis, 39% internal rate of return, US$320 million in annual revenues, and US$90 million in annual net profits (see press release of July 19, 2007). click here for more (pdf)

July 19, 2007
QGX Receives Positive Preliminary Economic Assessment for the Baruun Naran Coking and Thermal Coal Project, Southern Mongolia
NPV@10% (after tax): US$481 million
QGX Ltd. (TSX: QGX) is pleased to announce a positive, NI 43-101 compliant, preliminary economic assessment (“PEA”) for the Company’s 100% owned Baruun Naran coal project (“the Project”) located in southern Mongolia. Minarco-MineConsult of Sydney, Australia (“MMC”), independently prepared the PEA on QGX’s behalf. click here for more (pdf)

June 22, 2007
QGX Shareholders Approve Shareholders Rights Plan
QGX Ltd. (TSX: QGX.T) is pleased to announce that that at its annual and special meeting held on June 20, 2007, shareholders approved the adoption by QGX of a shareholder rights plan. Details regarding the shareholder rights plan are set forth in the management proxy circular of QGX dated May 14, 2007, a copy of which has been filed and is available from the SEDAR website at www.sedar.com. click here for more (pdf)

June 13, 2007
QGX More than Doubles the Measured and Indicated Tonnage of Coking and Thermal Coal at Baruun Naran, Mongolia
New Measured and Indicated: 252.9 Mt Previous (June 2006) Measured and Indicated: 107.5 Mt
QGX Ltd. (TSX: QGX) is pleased to announce that the company has received its second NI 43-101 compliant resource estimate for its 100%-owned Baruun Naran coal project located in southern Mongolia. The estimate, independently prepared by McElroy Bryan Geological Services Pty. Ltd. of Sydney, Australia (“MBGS”), delineated 252.9 Mt of measured and indicated coal resources, more than doubling the previous amount last reported June 7th, 2006. click here for more (pdf)

May 8, 2007
QGX Receives Sizing and Washing Results Suggesting Majority of Coal at Baruun Naran, Mongolia, is High-Grade Coking Coal Above Average Washing Yield of 64.7% Produces 53% Coking Coal and 47% Thermal Coal
QGX Ltd. (TSX: QGX) is pleased to announce that QGX received the second interim coal-quality update by Mr. Bob Leach of A&B Mylec (Brisbane, Australia). The April update supports the earlier conclusions summarized in the February 21st press release and also provides for the first time the theoretical yields and mix of coking and thermal coal based on float-sink (sizing and washing) laboratory tests. click here for more (pdf)

March 8, 2007
QGX Receives Positive Preliminary Economic Assessment for the Copper-Gold-Silver Project at the Central Valley Zone (CVZ), Golden Hills, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that it has received a positive NI 43-101 compliant Preliminary Economic Assessment (the “Study”) regarding the development of the Company’s 80%-owned copper-gold-silver resource at the Central Valley Zone (CVZ) at Golden Hills, Mongolia. Chlumsky, Ambrust, & Meyer, LLC (“CAM”), a professional mining engineering firm in Denver Colorado, prepared the Study. The Study defines a two-stage development plan with a mine life of 15 years. The operation commences with open-pit mining of the gold-silver oxide resource followed by underground mining of the copper-gold-silver sulphide and high-grade quartz-telluride vein resource at CVZ. The project is financially robust, with an after-tax NPV @10% of US$83 million and an IRR of 27% (100% equity basis). click here for more (pdf)

February 26, 2007
QGX Receives Positive Social and Environmental Baseline Study for Coking-Steaming Coal Project at Baruun Naran, Mongolia.
QGX Ltd. (TSX: QGX) is pleased to announce that it has received the Social and Environmental Baseline Study (“the Study”) for its coking and steaming coal project at Baruun Naran in southern Mongolia. AATA International, Inc. (Fort Collins, Colorado), in association with Ecotrade (Ulaanbaatar, Mongolia), conducted the Study. A summary review of the project, based upon comprehensive social and environmental baseline studies, indicated that there were no physical, chemical, biological, or social characteristics that would present a fatal flaw to development. The Study also provided the baseline database for the subsequent Social and Environmental Impact Assessment (SEIA) that will be carried out later this year as a necessary prerequisite before any development occurs at Baruun Naran. click here for more (pdf)

February 23, 2007
QGX Receives Positive Screening Study for Coal-To-Liquids (CTL) Methanol Plant at Baruun Naran, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that the Company has received a positive screening study (the “Study”) regarding the potential development of a Coal-To-Liquids (“CTL”) methanol plant associated with its Baruun Naran coal resource in southern Mongolia. The Study was prepared independently by Nexant, Inc. of San Francisco, California (“Nexant”), an engineering firm with majority ownership by the Bechtel Corporation. The CTL plant is being evaluated as part of a review to maximize the value of the thermal coal that will be mined with the coking coal at Baruun Naran. click here for more (pdf)

February 21, 2007
QGX Receives Positive Interim Coal-Quality Data for Baruun Naran, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that QGX received last week an interim coal-quality update by Mr. Bob Leach of A&B Mylec (Brisbane, Australia). The update is based on work completed on six of the 12 principal seams (there are a total of 24 seams) contained at the Baruun Naran coalfield of southern Mongolia. click here for more (pdf)

February 13, 2007
QGX Receives Positive Metallurgical Results for Agitation Leaching of Gold and Silver Contained in Oxide at the Central Valley Zone (CVZ), Golden Hills, Mongolia
QGX Ltd. (TSX: QGX) is pleased to announce that QGX has received positive metallurgical test results from AMEC for the third phase of the CVZ oxide leach program. Previous results from Phase 1 and Phase 2 indicated that gold extraction of about 90% could be achieved with an agitation leach on milled oxide material (see press release of May 11th, 2006). Test results from Phase 3 support these earlier results and confirm agitation leaching as a technically feasible processing method for recovering gold and silver from oxide at the CVZ of Golden Hills. click here for more (pdf)

December 18, 2006
QGX Provides an Update on the Programs related to its Two Principal Projects at Baruun Naran and Golden Hills
QGX Ltd. (TSX: QGX) is pleased to provide an update on the work programs related to its two principal projects at Baruun Naran (coking and steaming coal) and Golden Hills (copper-gold-silver). click here for more (pdf)

October 19, 2006
QGX Board of Directors Approves Third Drilling Program for 2006 at Baruun Naran Coal Project, Mongolia
Ensuing Resource Estimate to Delineate Coal to “Indicated-Measured” in Q1 2007
QGX Ltd. (TSX: QGX) is pleased to announce the approval by the Board of Directors of an additional drilling program at Baruun Naran for 2006. The prime objective of the program will be to convert all the known coal within the current area of interest (approximately 6.5 km long and 1.5 km wide) into the “indicated” and “measured” resource categories. The results will form the basis for a NI-43-101 resource report which is expected to be delivered in Q1 of 2007. The benefit of the program is that it will maximize the permissible tonnage that can be included in a pre-feasibility study. The drilling will consist of approximately 40 holes (12,000 m) and is scheduled for completion by mid December. QGX anticipates that the program will cost approximately C$1.8 million, positioning the Company with a year-end net cash balance forecasted to be approximately C$17 million. click here for more (pdf)

September 5, 2006
QGX Hires John Thompson to Lead Development of Mineral Projects
QGX Ltd. (TSX: QGX) is pleased to announce the appointment of Mr. John Thompson as Vice President of Project Development. Mr. Thompson brings to QGX the necessary depth and experience in operations to guide the continued development of the Baruun Naran (coking and steaming coal) and Golden Hills (copper, gold, and silver) projects as they move into the pre-feasibility stage. Mr. Thompson’s career spans 36 years working in open-pit and underground operations as well as project development for the Utah Development Company, BHP, Newcrest Mining, and others in Australia, New Zealand, and the United States. At various points in his career Mr. Thompson was the Mine Manager of BHP’s Blackwater mine, Queensland (annual production of 4.3 Mt coking coal and 1.4 Mt steaming coal; 510 employees), the Project Manager for Newcrest Mining’s Cadia Hill mine, New South Wales (annual production capacity of 300,000 oz gold and 25,000 mt copper), and the General Manager for Newcrest Mining’s Telfer gold mine, Western Australia (annual production of 308,000 oz gold; 700 people workforce). Mr. Thompson’s appointment will commence November 1st.
click here for more (pdf)

August 10, 2006
QGX Announces Changes to Senior Management to Drive Future Project Development
QGX Ltd. (TSX: QGX) is pleased to announce new appointments to senior management and the hiring of a new CFO. These changes are aimed at refocusing the company’s management team from exploration to development. They bring increased industry experience and strengthen the company’s ability to advance the Baruun Naran and Central Valley Zone projects to production. Effective immediately the current President/CEO David Anderson will assume the position of Executive Chairman, Paul Zweng the current COO will become President/CEO, and Mr. George Putnam will be hired as the new CFO. Mr. Mark Wayne, the outgoing CFO, will advise the company on financial and legal issues and will continue to serve as a Director.
click here for more (pdf)

July 25, 2006
QGX Receives Final NI 43-101 Report for Baruun Naran Coal Project
Measured and Indicated: 107.5 million tonnes
Inferred: 48 million tonnes
Drilling ongoing to expand resource
QGX Ltd. (TSX: QGX) is pleased to announce that on July 24th 2006 the final NI 43-101 report containing the first resource estimate for the 100%- owned Baruun Naran coal project was received and posted on SEDAR at www.sedar.com. The estimate, independently prepared by McElroy Bryan Geological Services Pty. Ltd. of Sydney, Australia (“MBGS”), outlines 107.5 million tonnes of Measured and Indicated coal resources and an additional 48 million tonnes of Inferred resource (see Table 1 below and the press release of June 7th). click here for more (pdf)

June 27, 2006
QGX Launches Coal-Conversion Initiative With Nexant
Preliminary Work Indicates that Baruun Naran Coal Appears Amenable to Gasification Mongolian Ministry of Fuel and Energy Signals Initial Support for Coal Conversion Project at Baruun Naran
QGX Ltd. (TSX: QGX.T) is pleased to announce that it has engaged Nexant, Inc. (“Nexant”), a world-wide energy consulting company with core competencies in coal gasification, Integrated Gasification Combined Cycle (“IGCC”), coal-to-liquids (Fischer-Tropsch) and gas-to-liquids technologies, to assess the technological and economic potential for applying coal-conversion technologies to the coal at Baruun Naran. Nexant’s initial review of the coal-quality data for Baruun Naran coal indicates that the coal appears amenable to coal-conversion applications. QGX received a positive initial indication of support from the Mongolian Ministry of Fuel and Energy regarding a possible coal-to-liquids (transportation fuels) project earlier this year. Currently Mongolia imports 100% of its transportation fuels.
click here for more (pdf)

June 7, 2006
QGX Tops Initial Goal Of Delineating Over 100 Million Tonnes Of Metallurgical And Thermal Coal At Baruun Naran, Mongolia
QGX Ltd. (TSX: QGX.T) is pleased to announce that the company has received its first resource estimate for its 100%-owned Baruun Naran coal project located in southern Mongolia. The estimate, independently prepared by McElroy Bryan Geological Services Pty. Ltd. of Sydney, Australia (“MBGS”), outlines 107.5 million tonnes of Measured and Indicated coal resources and an additional 48 million tonnes of Inferred resource. click here for more (pdf)

May 11, 2006
QGX Receives Positive Metallurgical Results for Gold and Silver Contained in Oxide at the Central Valley Zone (CVZ), Golden Hills, Mongolia
QGX Commences Second Phase of Program
QGX Ltd. (TSX: QGX) is pleased to announce that gold and silver extractions averaged 92.7% and 75.5%, respectively, in 48-hour rolling bottle tests on 62 samples of milled oxide material across the CVZ. The results further indicate that gold and silver extraction rates in oxide are consistent across the CVZ. On the basis of these results, AMEC Americas Limited of Vancouver, British Columbia (“AMEC”) recommends that QGX commence the second phase of the metallurgical program, which will evaluate the sensitivity of extraction to particle size. click here for more (pdf)

May 3, 2006
QGX Completes Airborne Geophysical Survey at Golden Hills Copper-Gold-Silver District
2006 Exploration Programs Begin on Copper and Gold Prospects in the South Gobi
May 3, 2006 (Waterdown, Ontario). QGX Ltd. (TSX: QGX) wishes to provide the following update on its metals exploration programs in Mongolia. click here for more (pdf)

March 14, 2006
QGX Begins 2006 Drilling Campaign at Baruun Naran Coal Project
QGX Ltd. (TSX: QGX.T) is pleased to announce that the 2006 drilling campaign at the Baruun Naran coal project, southern Mongolia, is now underway. The program will continue to delineate the western extensions of Seams “H” and “T”, the two principle metallurgical-grade coal seams, as well as evaluate potential coal seams defined by the 2005 gradient-array IP program. In addition, a one-km strike length portion of Seam “T” will undergo infill drilling in preparation for future mining operations. click here for more (pdf)

March 7th, 2006
QGX to Conduct Airborne Geophysical Survey at Golden Hills
QGX Ltd. (TSX: QGX) is pleased to announce that a contract has been signed with Geotech Airborne Limited, of Aurora, Ontario to conduct an airborne geophysical survey on QGX’s Golden Hills license block in western Mongolia. The survey will cover an area of over 2300 sq. km. Final results are expected in Q2, 2006. QGX believes that the Golden Hills area represents a VMS belt or district that has the potential to host several Cu-Au-Ag deposits (see press release of September 7, 2005). Geological field work is scheduled to begin April and QGX will move rapidly to evaluate and advance prospects defined by the airborne survey. click here for more (pdf)

February 27, 2006
QGX Awards: Concept Study on Baruun Naran Coal Porject to Minarco Asia Pacific PTY LTD & NI 43-101 Compliant Resource Study to McElroy-Bryan Geological Services PTY LTD
QGX Ltd. (TSX: QGX.T) is pleased to announce that the concept study on the Baruun Naran coal project, southern Mongolia, has been awarded to Minarco Pacific Asia Pty Limited (“Minarco”). The purpose of the study is to define and evaluate the technical and economic parameters for the Baruun Naran coal deposit and to produce a preliminary economic valuation. The study is expected to be completed in the second quarter of this year. click here for more (pdf)

February 1, 2006
QGX Delineates Starter-pit Area for Metallurgical - and Thermal - Grade Coal at Baruun Naran, Mongolia
Seam “H” shows excellent continuity along strike based on closed-spaced drilling
QGX Ltd. (TSX: QGX.T) is pleased to announce that the remaining drill holes from the 2005 drilling program at Baruun Naran have demonstrated excellent continuity along strike for Seams “F”, “G”, “H”, “I”, “J”, and “K” at the eastern end of the Baruun Naran coalfield. Drill-holes BN05095-137 were collared on 150-m spaced sections, thereby permitting Seam “H”, one of the two principal metallurgical-grade coal seams at Baruun Naran, to be assessed in a “measured” category over a strike distance of approximately 1,350 m, as per NI 43-101 guidelines. An independent resource study is now underway to calculate the tonnage of coal over a strike length of approximately 5-6 km. It is expected to be completed by the second quarter. click here for more (pdf)

January 12, 2006
QGX Significantly Extends Metallurgical Grade Seams “H” and “T” at Baruun Naran
QGX Ltd. (TSX: QGX.T) is pleased to announce that the 2005 drilling program at Baruun Naran has significantly expanded the lengths of Seams “H” and “T”, the two principal metallurgical-grade coal seams at Baruun Naran in southern Mongolia. The strike lengths for the north and south limbs of Seams “H” and “T” are now drill-confirmed over distances in excess of 2 km (south limb) and 1 km (north). Both limbs remain open along strike to the west where geophysical studies have highlighted resistors that correlate with coal to the east.
click here for more (pdf)

December 19, 2005
QGX Provides Update on Baruun Naran Coal Project
NI 43-101 Resource Estimate Expected in Q2 2006
QGX Ltd. (TSX: QGX.T) is pleased to announce that the 2005 drilling program at the Baruun Naran coal project has been successfully completed. QGX has drilled 137 drill holes that will form the basis for an upcoming NI 43-101 resource estimate to be completed in the second quarter of 2006. Baruun Naran is located 22 km to the southwest of Tavan Tolgoi, the largest undeveloped metallurgical and thermal coal deposit in Asia.
click here for more (pdf)

December 15, 2005
QGX Identifies Three New Gold and Copper-Gold Prospects
QGX Ltd. ("QGX" or the "Company") (TSX: QGX.T) is pleased to announce that 2005 regional prospecting programs completed on its 100% owned licenses in the highly prospective Gobi region of southern Mongolia have delivered encouraging results from three areas. click here for more (pdf)

December 9, 2005
QGX Closes Barrick Private Placement
QGX Ltd. ("QGX" or the "Company") (TSX: QGX.T) is pleased to report that it has closed its previously announced private placement with Barrick Gold Corporation ("Barrick") consisting of 826,400 common shares at $4.15 per share for gross proceeds of $3,429,560. The private placement was done pursuant to an agreement dated November 14, 2003 pursuant to which Barrick is entitled to retain its percentage interest in QGX if QGX proceeds with additional financing initiatives. Barrick agreed to purchase sufficient common shares pursuant to the private placement in order to maintain its current equity interest in QGX (approximately 9.4%) following the recent equity offering by way of a short form prospectus which raised approximately $36.5 million for QGX at $4.15 per share click here for more (pdf)

December 6, 2005
QGX Closes $36.5 Million Financing
QGX Ltd. ("QGX" or the "Company") (TSX: QGX.T) is pleased to announce that it has closed its previously announced offering (the "Offering") consisting of 8,435,000 common shares at $4.15 per share for gross proceeds of $35,005,250. The Offering was completed by way of a short form prospectus through a syndicate of underwriters (the "Underwriters") led by CIBC World Markets Inc. and including Sprott Securities Inc. and GMP Securities Ltd.click here for more (pdf)

November 25, 2005
QGX to Host Conference Call
QGX Ltd. ("QGX" or the "Company") (TSX: QGX.T) will be hosting a conference call at 3:00 p.m. Eastern Time today to discuss proposed changes to the mining law regime in Mongolia that were reported earlier today in an English language daily Mongolia newspaper. As the Company has filed a short form prospectus dated November 23, 2005 for an offering of the Company's common shares, the Company believes it is prudent to discuss its views on the proposed changes to the mining law regime. click here for more (pdf)

Click here to view the conference call transcript (pdf)

November 23, 2005
QGX Announces Pricing of Public Offering
QGX Ltd. ("QGX" or the "Company") (TSX: QGX.T) is pleased to announce that it has finalized the pricing of its previously announced public offering at a price of $4.60 per common share. click here for more (pdf)

November 4, 2005
QGX Announces Short Form Prospectus Offering
QGX Ltd. (TSX: QGX.T) is pleased to announce that it has filed a preliminary short form prospectus in connection with a fully marketed offering of common shares (the "Offering") by a syndicate of underwriters (the "Underwriters") led by CIBC World Markets Inc. and including Sprott Securities Inc. and GMP Securities Ltd. The Company expects to raise approximately $35 million through the new issue of common shares (excluding the private placement discussed below). click here for more (pdf)

November 3, 2005
QGX Find New Seams With Indicators of Metallurgical ("Coking") Coal at Baruun Naran Project
Laboratory Results Also Continue to Substantiate Seams “H” and “T” as Metallurgical-Grade Coal
QGX Ltd. (TSX: QGX.T) is pleased to announce that a compilation of new and old metallurgical test results from eight additional dill holes at Baruun Naran has indicated that Seam “P” and three unassigned coal intercepts show indicators of metallurgical (“coking”) coal. In addition, these laboratory results further substantiate metallurgical-grade properties for coal in Seams “H” and “T”. As expected, Seams “G” (formerly Seam “N”) and “F” (formerly Seam “O”) did not return metallurgical qualities (see press release of August 30th) and show instead characteristics of a good thermal (“steaming”) coal. In addition to Seams “G” and “F”, Seams “Q” and “R” also returned favorable thermal coal properties. click here for more (pdf)

October 21, 2005
QGX Files Updated 43-101 Report for Golden Hills
QGX Ltd. (TSX: QGX.T) is pleased to announce that it has received an updated independent NI 43-101 report (the “Updated Technical Report”) for its Golden Hills copper-gold-silver deposit in southern Mongolia. The Updated Technical Report is dated October 17, 2005 and was prepared by Chlumsky Armbrust & Meyer L.L.C. (“CAM”), of Denver, Colorado. CAM had also prepared a 43-101 report for the Golden Hills project in March of 2005 (the “Initial Technical Report”) which contained a mineral resource estimate for the Central Valley Zone (“CVZ”) on the Golden Hills property – see press release dated February 28, 2005. click here for more (pdf)

October 18, 2005
QGX Receives Positive 43-101 Report for Baruun Naran Coal Project
QGX Ltd. (TSX: QGX.T) is pleased to announce that it has received a positive independent NI 43-101 report (the “Technical Report”) for its Baruun Naran coal project in southern Mongolia. Chlumsky Armbrust & Meyer L.L.C. (“CAM”), of Denver, Colorado prepared the Technical Report which is dated October 10, 2005. click here for more (pdf)

October 13, 2005
QGX’s Golden Hills Receives Positive Metallurgical Test Results for Cu-Au-Ag Massive Sulphide and Au-Ag High-Grade Quartz-Telluride Veins
Cu-Au-Ag Massive Sulphide Yields High Copper Recoveries and Commercial Concentrate Grades of 31% and 25% from Supergene and Hypogene Zones, Respectively
QGX Ltd. (TSX: QGX.T) is pleased to announce that AMEC Americas Limited (“AMEC”) has delivered metallurgical test results for massive sulphide (copper-gold-silver) and high-grade quartz-telluride vein (gold-silver) samples from the Central Valley Zone (“CVZ”) at Golden Hills, western Mongolia. click here for more (pdf)

October 3, 2005
QGX Identifies 10 Coal Seams at Baruun Naran Coal Project
QGX Ltd. (TSX: QGX.T) is pleased to announce that ongoing exploration work at the Baruun Naran coal project has defined ten thick coal seams with average true thicknesses of 5-20 m. Drill-hole, trench and geophysical data indicate that individual seams have minimum strike lengths of 1500-4000 m and that the coal seams are still open along strike. Coal is known to occur over at least 2 x 10 sq. km in the Baruun Naran valley. QGX is undertaking an aggressive, five-rig, step-out drilling program in this area. Coal at Baruun Naran is hosted in a thick sequence. click here for more (pdf)

September 30, 2005
QGX finds tungsten and molybdenum grades at Undur Tsagaan similar to previous Russian/Mongolian drill holes
Technical personnel relocated to the Baruun Naran coal deposit
QGX Ltd. (TSX: QGX.T) wishes to announce the completion of an eight drill-hole program at the Under Tsagaan tungsten-molybdenum deposit in NE Mongolia. The program was designed to test for a high-grade tungsten (WO3) and molybdenum (Mo) core within a large, low-grade, historical resource delineated by the Russians and Mongolians (see QGX press release dated April 18, 2005). The QGX drill holes yielded widths and grades of tungsten and molybdenum similar to the previous Russian/Mongolian drilling results. click here for more (pdf)

September 28, 2005
QGX Extends Metallurgical Grade Seams “M” and “T” Along Strike at Baruun Naran
QGX Ltd. (TSX: QGX.T) is pleased to announce that nine holes drilled along strike have cut 9.1 to 26.1-m-thick intercepts of coal in Seams “M” and “T”. Both of these seams have returned metallurgical grade coal in previous laboratory tests. These are the first holes of a delineation-drilling program designed to determine the “on-strike” extent of the coal seams along the southern limb of the Baruun Naran syncline. The holes confirm a minimum strike distance of 1,200 m for Seam “M” and 1,400 m for Seam “T”. Both seams are open along strike to the east and the west where they are currently being drilled. click here for more (pdf)

September 21, 2005
QGX Exploration Update For Baruun Naran Coal Project
QGX Ltd. (TSX: QGX.T) is pleased to announce that it is accelerating the exploration program at the Baruun Naran coal project. A fourth drill rig commenced drilling on September 17th, and a fifth drill rig is expected to arrive on site by the week of September 27th. The drill program is being accelerated on the basis of positive results from a gradient array resistivity survey which has proven to be effective in mapping the coal seams within the Permian host sediments. click here for more (pdf)

September 14, 2005
QGX Extends 2nd Metallurgical Grade Seam “T” In Central Portion Of Baruun Naran Coalfield
QGX Ltd. (TSX: QGX.T) is pleased to announce that a coal seam, first drill tested in Hole BN05002 and determined through laboratory analysis to be metallurgical coal, has been extended along strike and dip. Located in the central area of Baruun Naran, this coal seam, labeled Seam “T”, ranges in thickness from 15.3 to 26.2 m (estimated true thickness) and is folded into a syncline similar to the other metallurgical grade coal found in Seam “M” approximately 3.3 km to the east (see press release dated August 30, 2005). In addition, two 10-m-plus thick coal seams have been confirmed stratigraphically below Seam “T” and drilling in the eastern portion of the property continues to extend Seams “M”, “N,” and “O” to the south. click here for more (pdf)

September 7, 2005
QGX'S Golden Hills Part of Large VMS District with Excellent Potential for Additional Discoveries
QGX Ltd. (TSX: QGX) wishes to announce that Dr. Jim Franklin, a widely recognized expert in volcanogenic massive sulphide (VMS) deposits, recently conducted a review the of the companyâs Golden Hills deposit and surrounding exploration licenses. Dr. Franklin concluded that excellent potential exists for additional VMS discoveries within QGXâs large land holdings in western Mongolia. Golden Hills was discovered by QGX in 2002. A little over two years later, QGX completed an independent 43-101 compliant resource estimate in early 2005, indicating that the first deposit discovered at Golden Hills, the Central Valley Zone (CVZ), contains 3.3 million equivalent gold oz (measured, indicated and inferred). See press release of February 28, 2005. click here for more (pdf)

August 30, 2005
QGX Intersects 28 M Thick Coal Seam Down Dip of Metallurgical Grade Seam
QGX Ltd. (TSX: QGX.T) is pleased to announce that Hole BN05018 cut a 28 m thick coal seam (estimated true thickness) in what is now designated as Seam "M"÷the thickest coal seam yet encountered at Baruun Naran. This intersection represents the down-dip extension of the same coal seam that yielded metallurgical ("coking") coal properties in Hole BN05001 (see press release of August 3rd). click here for more (pdf)

August 25, 2005
Shuteen Update
QGX LTD. (QGX - TSX) reports that the initial drill program conducted on the Shuteen copper-gold prospect in south-central Mongolia did not encounter any significant mineralization. Eight holes were drilled in the Black Hills prospect and one hole was drilled in the Southwest Breccias prospect. click here for more (pdf)

August 9, 2005
QGX Intersects High-Grade Gold and Silver in Veins and Oxide at Golden Hills, Mongolia; Additional Drilling Confirms Tested Portions of the Ore Resource Model
QGX Ltd. (TSX: QGX.T) is pleased to announce the final results for all outstanding drill holes at the Central Valley Zone (CVZ) at Golden Hills, western Mongolia. The results from these holes (including 101.3 g/t gold and 154 g/t Ag over 7.5 m in CVZ-118), in conjunction with the results reported on May 12, 2005 (13.4 g/t gold over 44.5 m in CVZ-111 and 11.0 g/t gold over 18.5 m in CVZ-112), demonstrate that the High-Grade Quartz Telluride (HGQT) vein zones exhibit good grade continuity in a down-dip (south-north) direction. These results also corroborate the tested portions of the CVZ 43-101 resource model for the HGQT veins completed in February 2005. click here for more (pdf)

August 3, 2005
Thick Seams of Metallurgical ("Coking") Coal at QGXâS Baruun Naran Project
QGX Ltd. (TSX: QGX.T) is pleased to announce that laboratory results from the first three holes have confirmed the presence of metallurgical (“coking”) coal in thick seams at its Baruun Naran coal project in southern Mongolia. The metallurgical coal was intersected in the first two holes (BN05001C and –002C). Test results from the third hole (BN05003C) indicate the presence of thermal (“steaming”) coal. The coals range in rank from high volatile A to B bituminous (hvAb-hvBb) based on ASTM classification standards.click here for more (pdf)

July 13, 2005
QGX Drills 35 Coal Seams Containing 195 M of Net Coal in Eight Holes at Baruun Naran
QGX Ltd. (TSX: QGX.T) is pleased to announce that eight drill holes intercepted 35 coal seams (@ 2-m coal seam cutoff) containing 195 m of net coal (estimated true thickness). These eight holes, together with the first three holes drilled by QGX (see press release of May 18th), confirm the presence of multiple coal seams over a minimum of 8 km of strike distance. Four drill holes cut six large coal intercepts, each in excess of 12 m estimated true thickness. click here for more (pdf)

June 28, 2005
$6,080,000 Financing Closes
QGX Ltd. (QGX.TSX) confirms that the financing announced on May 30, 2005 has closed. The financing consisted of a private placement of 3.8 million common shares at $1.60 per share for proceeds of $6,080,000. All securities issued in connection with this offering will be subject to a four-month hold period under applicable securities legislation. click here for more (pdf)

May 30, 2005
$6,080,000 Private Placement
QGX Ltd. (QGX.TSX) announces that it has arranged a private placement financing of 3.8 million common shares at $1.60 per share. The offering has been fully subscribed for by Sprott Asset Management Inc. of Toronto and certain European investors. Barrick Gold Corp. has also elected to participate for its pro-rata share (approximately 9.5%) pursuant to the terms of its original investment in QGX in November of 2003. All common shares issued in connection with this offering will be subject to a four month hold period under applicable securities legislation. click here for more (pdf)

May 18, 2005
QGX Successfully Completes Drill-Hole Twinning Program and Discovers Additional Coal at Baruun Naran
QGX Ltd. (TSX: QGX.T) is pleased to announce that three Russian drill holes have been successfully twinned and the coal intersections match closely with the Russian drill-hole intersections (see Tables 1 and 2). The third hole (BN05003C) also discovered an additional minimum 21.8 m of net coal (apparent thickness) below the bottom of the corresponding Russian hole (DH-1537) before the hole was lost. Each twinned hole contained at least one coal seam greater than 20-m net coal (apparent thickness). The first coal samples were shipped to Denver for analysis and thermal testing late last week. click here for more (pdf)

May 12, 2005
High-Grade Gold Intersected in Veins at Golden Hills
QGX Ltd. (TSX: QGX.T) is pleased to announce that recent drilling at the Central Valley Zone (CVZ) has intersected additional high-grade gold over significant widths. These results provide a better understanding of the geometry of the High-Grade Quartz-Telluride (HGQT) veins on the margins of the massive sulphide bodies and the first confirmation of the CVZ 43-101 resource model that was completed in February. click here for more (pdf)

April 26, 2005
Metallurgical Testwork to Commence at Golden Hills; Eleven More Drill Holes Test HGQT Vein Zones
QGX Ltd. (TSX: QGX) wishes to provide an update on its exploration and evaluation programs at the Central Valley Zone (CVZ) of the Golden Hills prospect in Western Mongolia. click here for more (pdf)

April 21, 2005
QGX Engages Norwest for Baruun Naran Coal Project, Trenching and Drilling Commence this Month
QGX LTD. (QGX - TSX) announces that it has engaged Norwest Corporation to provide consulting services regarding the exploration and evaluation of the Baruun Naran coal project. Norwest is based in Salt Lake City and has extensive coal experience in Mongolia including completing a feasibility study of the Tavan Tolgoi coal deposit for the Mongolian Ministry of Infrastructure and Development, providing advisory services to the operating coal mines at Shivee Ovoo and Bagaa Nuur, and overseeing coal exploration programs in Mongolia for other multi-national mining and exploration companies. click here for more (pdf)

April 18, 2005
QGX Acquires Largest Molybdenum-Tungsten Property in Mongolia
QGX LTD. (QGX.T) is pleased to announce the acquisition of the Undur Tsagaan molybdenum-tungsten prospect in northeastern Mongolia. click here for more (pdf)

March 29, 2005
Update on Baruun Naran Coal Deposit
QGX LTD. (QGX.T) is pleased to announce that its independent coal consultant has completed his review of historical data relating to the potential coal deposit on the Baruun Naran license held by QGX. The consultant has concluded the following: click here for more (pdf)

March 11, 2005
QGX Assesses Coal Potential of South Gobi Licence Coal Deposit
QGX LTD. (QGX.T) wishes to provide the following update on the evaluation of the coal occurrences on the Baruun Naran Licence. click here for more (pdf)

February 28, 2005
Independent Resource Estimate for Golden Hills, Mongolia Represents a Major Milestone for QGX
QGX LTD. (QGX.T) is pleased to announce the completion of an independent NI 43-101 compliant mineral resource estimate for the Central Valley Zone (CVZ) at the Golden Hills project in western Mongolia. The estimate was prepared by Chlumsky Armbrust & Meyer L.L.C., ("CAM"), of Denver, Colorado. click here for more (pdf)

February 25, 2005
QGX Signs Joint Venture With Key Gold on Three Licenses
QGX LTD. (QGX.T) announced today that it has signed an agreement with Key Gold Corp. of Boulder, Colorado whereby Key Gold can earn an interest in the following three exploration licenses in Mongolia held by QGX: Uhaa Hudag, Bayan Bulag and Tsaidam. click here for more (pdf)

February 22, 2005
Drilling Demonstrates Continuity of High-Grade Quartz-Telluride Veins at Golden Hills
QGX LTD. (QGX.T) is pleased to announce the continued expansion of the High-Grade Quartz-Telluride (HGQT) gold-silver mineralization in the Central Valley Zone (CVZ) at Golden Hills. Highlights include 1.54 oz/t (47.68 g/t) Au & 2.65 oz/t (81.6 g/t) Ag over 2.3 m in hole CVZ-108; 3.68 oz/t (114.12 g/t) Au & 5.32 oz/t (165.0 g/t) Ag over 1.3 m in hole CVZ-48B and 0.57 oz/t (17.80 g/t) Au over 2.0 m in hole CVZ-106 (see Table 1 below). click here for more (pdf)

February 2, 2005
Independent Resource Estimate Commissioned at Golden Hills: Exploration Update
QGX LTD. (QGX.T) wishes to provide the following update on it exploration projects in Mongolia. click here for more (pdf)

December 2, 2004
Drilling Continues To Delineate High-Grade Gold At Central Valley
QGX Ltd. (TSX: QGX) is pleased to announce results of ongoing drilling at the Central Valley Zone (CVZ) in western Mongolia. Drilling has continued to test the high-grade quartz-telluride (HGQT) veins along the 600 m strike length discussed in the October 14, 2004 press release. click here for more (pdf)

November 23, 2004
Drilling Underway at Shuteen for Porphyry Cu-Au
QGX LTD. (QGX - TSX) announced today that a 2,500-3,500 m drilling program is now underway at the Shuteen copper-gold property in south-central Mongolia. Seven to nine holes are targeted for the Black Hills prospect and one hole is slated for the Southwest Breccias prospect (see press release of October 26th, 2004 for details on these prospects). click here for more (pdf)

October 26, 2004
2 Porphyry Targets Identified at Shuteen--Drilling to commence in November; Significant Porphyry Alteration Discovered 25 Km ESE of Oyu Tolgoi
QGX LTD. (QGX - TSX), announced today that recent exploration efforts at Shuteen and on a license block 25 km ESE of Oyu Tolgoi (“OT East”) have identified 3 new porphyry Cu-Au targets. Targets identified at Shuteen will be drilled starting in mid-November. The discovery of porphyry-style alteration at OT East occurred in the latter part of the field season and is considered significant given its close proximity to the Ivanhoe Mines Ltd. Oyu Tolgoi porphyry copper-gold deposit. click here for more (pdf)

October 14, 2004
High-Grade Quartz-Telluride Au-Ag Veins Drill Tested Over 600 M Strike Length At Central Valley Zone
QGX Ltd. (TSX: QGX) is pleased to announce results of ongoing drilling at the Central Valley Zone (CVZ) in western Mongolia. During the past field season drilling has focused on testing multiple targets, including Cu-Au in massive sulphides, high-grade Au-Ag in quartz-telluride veins, Au-Ag in gossan (oxide) and regional targets in the area. Highlights of the drilling results are summarized below. Detailed information on the high-grade quartz-telluride veins, the South Zone massive sulphides and regional exploration follows the summary. click here for more (pdf)

August 17, 2004
Golden Hills Update
QGX Ltd. (TSX: QGX) wishes to provide an update on its exploration programs at the Central Valley Zone (CVZ) of the Golden Hills prospect in Western Mongolia. Since the last update on June 16th, eight new holes and extensions to two old holes have been drilled (CVZ-84 to CVZ-91; CVZ-05B and CVZ-78B). click here for more (pdf)

July 26, 2004
Shuteen Ownership Restructured
QGX LTD. (QGX.T), announced today that it has reached an agreement with Ivanhoe Mines Ltd. (IVN.T) and Jinshan Gold Mines Inc. (JIN.V) to restructure their ownership in the Shuteen gold and copper prospect in southern Mongolia. Under the new structure, QGX will have an 80% interest in Shuteen. Genghis Holding Company Ltd., owned jointly by Ivanhoe and Jinshan, will retain a 20% carried interest in the property along with two adjoining exploration licenses currently owned 100% by QGX. click here for more (pdf)

July 9, 2004
QGX LTD. - Listing on Toronto Stock Exchange
(Waterdown, Ontario). QGX Ltd. (QGX - TSX.V) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange effective Tuesday July 13, 2004. The current stock symbol, "QGX", will remain in effect. The common shares of QGX have been listed for trading on the TSX Venture Exchange since August 13, 2002 and will be delisted from the TSX Venture Exchange on July 13, 2004. click here for more (pdf)

June 24 , 2004
New Directors Elected
(Waterdown, Ontario). QGX Ltd. (QGX.T) announces the election of two new directors at the shareholders meeting held on June 22, 2004, subject to regulatory approval. click here for more (pdf)

June 16 , 2004
Waterdown, Ontario - QGX Ltd. (TSX.V: QGX) announces additional drill results from the Central Valley Zone (CVZ) of the Golden Hills project, western Mongolia.
Drilling throughout most of the 1st and 2nd quarters of 2004 has been completed with two core drill rigs testing the Cu-Au-Ag massive sulphides/high-grade Au-Ag veins and one reverse circulation (RC) drill rig testing the near-surface Au-Ag gossan. This release reports exclusively on the results from the core holes (CVZ-67 to CVZ-83). Difficulties encountered with the RC rig and identified by QGX’s QA/QC program have resulted in a review of operating procedures and the drilling of four test holes to determine if revised procedures will deliver acceptable results. click here for more (pdf)

June 15 , 2004
Ivanhoe resumes drilling at Kharmagtai and encounters long intercepts of high-grade gold from surface, including 203 metres grading 2.45 grams of gold and 0.45% copper per tonne
(Waterdown, Ontario) June 15, 2004. QGX LTD (QGX-TSX.V) reports that Ivanhoe Mines Ltd has resumed its exploration drilling at the Kharmagtai project in Mongolia's South Gobi region. In a press release issued on June 14, 2004, Ivanhoe reported that several early holes have intersected long intercepts of high-grade gold and copper porphyry mineralization starting near surface. Drilling is ongoing to better define the potential size and grade of this new gold-rich zone. click here for more (pdf)

April 6 , 2004
First Drill Hole Targeting South Zone Massive Sulfide Delivers Highest Grades Yet, North Zone Continues To Expand , Central Zone Gossan Cut By High-Grade Intercept , High-Grade Gold And Silver In Narrow Veins
QGX Ltd. (TSX.V: QGX) announces encouraging assay results from the first seven holes drilled in 2004 at the Central Valley Zone (CVZ) of the Golden Hills prospect in Western Mongolia. Hole CVZ-65, the first hole to target the massive sulphides in the South Zone, has returned the highest grades to date: 33.5 m of 7.4% Cu, 0.7 g/t Au and 9.0 g/t Ag. click here for more (pdf)

April 6 , 2004
Exploration Update at Onon (NE Mongolia) and Erdene Tolgoi (SE Mongolia)
QGX Ltd. (TSX.V: QGX) reports the preliminary drill results from prospects located within its Onon (NE Mongolia) and Erdene Tolgoi (SE Mongolia) license blocks. click here for more

February 17, 2004
Second Copper Zone Discovered At Golden Hills
QGX Ltd. (TSX.V: QGX) announces that four holes previously drilled in late 2002 and early 2003 intersected copper-gold sulphide mineralization in the South Zone at the Central Valley Zone (CVZ), Golden Hills. click here for more (pdf)

February 12, 2004
QGX Signs 25,000 m Drilling Contract for 2004
QGX Ltd. (TSX.V: QGX) announces the signing of a 25,000 m drilling contract with Can-Asia Drilling Services Ltd. of Vancouver, British Columbia, for 2004. Can-Asia will provide a minimum of 15,000 m of core drilling and 10,000m of reverse circulation (RC) drilling. Together with existing rigs currently working in Mongolia, QGX will have four drill rigs in operation in 2004, with three dedicated to the Golden Hills project in western Mongolia. click here for more (pdf)

February 10, 2004
Oxide Ores At Golden Hills Amenable To Low-Cost Heap Leaching
QGX Ltd. (TSX.V: QGX) announces that independent metallurgical test results of oxide ores from trench and core samples have been received for the Golden Hills project in western Mongolia. click here for more (pdf)

January 13, 2004
Golden Hills Copper - Gold - Silver Zone Expands Along Strike | More Gold and Silver in Gossan
QGX Ltd. (TSX.V: QGX) announces that the remaining 10 holes drilled in 2003 at Golden Hills, Central Valley Zone (CVZ) indicate that the high-grade Cu-Au-Ag mineralization previously encountered in the North Zone continues to increase in size and becomes more gold-rich to the east. Current drill results extend the Cu-Au-Ag zone laterally for at least 100 m and confirm that the mineralization broadens with depth. The zone remains open on strike and at depth. In addition, near-surface gossan cut in holes CVZ-49, -52, -55 and -57 continues to return high grades of gold and silver.
click here for more (pdf)

Novemeber 26, 2003
High Grade Silver in Pit Samples from Porphyry Prospect in SE Mongolia
Diamond Drilling Now in Progress
QGX Ltd. (TSX.V: QGX) announces that pit samples from the Chuluut porphyry-style breccia pipe contain high grade silver in addition to copper and gold. A diamond drilling program to test the geophysical anomalies associated with the breccia pipe has begun. The Chuluut porphyry copper-gold prospect is within QGX’s Erdene Tolgoi license block in SE Mongolia.
click here for more (pdf)

Novemeber 18, 2003
Golden Hills Copper Zone Expands at Depth
• CVZ-43 intersects 53.0 m of 1.6% Cu in North Zone including 28.5 m of 2.2% Cu
• CVZ-44 intersects 63.0 m of 1.4% Cu in North Zone including 22.0 m of 2.1% Cu
More Gold and Silver in Gossan
• CVZ-45 cuts 15.7 m of 4.4 g/t Au & 31 g/t Ag
• CVZ-48 cuts 19.3 m of 3.8 g/t Au & 25 g/t Ag
click here for more (pdf)

Novemeber 17, 2003
Barrick Transaction Closes
QGX Ltd. (QGX-TSX.V) and Barrick Gold Corporation (ABX-TSX, N) have closed the private placement announced on October 29, 2003, pursuant to which Barrick has subscribed for three million common shares of QGX at $4.00 per share, thereby providing Barrick with an approximate 9.5% equity interest in QGX. click here for more (pdf)

November 12, 2003
QGX Acquires Large Land Position in Epithermal Gold Belt, NE Mongolia - Multiple Drill Targets Identified
QGX Ltd. (QGX.TSX.V) has successfully assembled a land package measuring 50 km by 15 km within the Onon graben (valley) in NE Mongolia. The Onon graben forms a NE-trending structural belt that straddles the Russian/Mongolia border and hosts the giant Baley epithermal gold deposit (over 20 MM oz) in Russia. click here for more

October 29, 2003
Barrick Acquires 9.5 % Stake in QGX
QGX Ltd. (QGX-TSX.V) and Barrick Gold Corporation (ABX-TSX, N) have entered into an agreement pursuant to which Barrick will subscribe for three million common shares of QGX at $4.00 per share, thereby giving Barrick a 9.5% equity interest in QGX. Closing of the transaction is scheduled for November 7, 2003, subject to execution of formal documentation and regulatory approvals. click here for more (