Mr. Bharti beneficially owns 11,753,526 Q-Gold Shares, 0 warrants and 2,000,000 options, representing approximately 7.14% of the outstanding Q-Gold Shares on a non-diluted basis and 8.36% on a partially-diluted basis. This includes ownership of securities executed through the accounts of Forbes & Manhattan Inc., 2437357 Ontario Inc. and 2051580 Ontario Inc., which Mr. Bharti has beneficial ownership and trading authority over.





