joverv, Author at Quebec Precious Metals Corporation

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Quebec Precious Metals Intersects 3.86 g/t Au over 8 m and 2.37 g/t Au over 12.2 m on its 100% owned Sakami Project

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Montreal, February 29, 2024 – Quebec Precious Metals Corporation (“QPM” or the “Corporation”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to announce the results of the drilling program completed at the end of 2023 at the La Pointe Extension gold deposit (see press releases of November 23 and December 19, 2023). The deposit is located on the Corporation’s 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The drilling program was designed to test the higher-grade portion of the La Pointe Extension deposit that could be amenable to open pit mining.

Highlights (Table 1, Figures 1, 2, 3 and 4)

The drill intersections are:

Hole PT-21-196: 0.83 g/t Au over 80.4 m including 2.37 g/t Au over 12.2 m
Hole PT-21-197: 1.18 g/t Au over 43.2 m including 3.86 g/t Au over 8.0 m
These holes confirm the continuity of the sub-vertically dipping higher-grade core of the deposit (500 m strike length, a depth of 400 m with an estimated average true thickness of 40 m, up to 66 m) in the central part of the deposit.

The two holes, totalling 732 m, intersected strongly silicified paragneiss that characterizes the mineralized zone with the presence of disseminated arsenopyrite and pyrite. Both holes ended in mineralization. This modest drill program demonstrates a widening of the mineralized zone which validates further drilling at the La Pointe Extension deposit.

Normand Champigny, QPM’s Chief Executive Officer, stated: “We are very encouraged by these drill results. They confirm the presence of the higher-grade core of the La Pointe Extension. Mineralization remains open at depth and along strike. We are completing a full review of drill targets on the Sakami project including La Pointe Extension to guide our future drilling.”

Complete assay results and calculated composite grades released to date are available on QPM’s website (https://www.qpmcorp.ca/en/projects/sakami-technical-information/ ).

Quality Assurance/Quality Control

Top-to-bottom core sampling was conducted for the drill program; sample lengths typically ranged from 0.5 to 1.5 m. Core was split in half using a hydraulic core splitter capable of splitting pieces up to 12 cm-long. Core technicians were instructed to clean dust and core fragments from surfaces inside the splitter between samples, in order to mitigate sample contamination. Half of the core was submitted to ALS Global for geochemical analyses. The other half of the core was retained in core boxes for future reference.

QA/QC materials were inserted in every 25 samples in the sample stream. These samples alternated between blank material, to test for possible gold contamination between samples, and certified reference materials (CRMs), to test for analytical accuracy within the sample batch. Gold CRMs for this program were sourced from OREAS North America Inc., and include a low-grade standard (OREAS-231: known value of 0.542 g/t Au), and higher-grade standard (OREAS-238: known value of 3.03 g/t Au). All inserted QA/QC samples from this drill program returned analyses within the tolerance limit for each certified value. Each core sample was packaged in a secured sample poly bag with corresponding sample number and tag. Samples were sequentially grouped in batches of 5-10 samples and sealed in large ‘rice’ bags. As part of the chain of custody protocols, signing and maintenance of tracking logs is performed and receipts when samples are shipped from the project site.

Routine gold analysis was conducted on all samples using a 30-gram fire assay (ALS method codes: Au-AA23). Samples that returned ≥5 g/t Au in the routine fire assay triggered an ‘over-limit’ analysis by 30-gram fire assay and gravimetric finish (ALS method code: Au-GRA21). For over limit samples, the fire assay and gravimetric finish is reported instead of the standard fire assay value. Other elements were analyzed using a thirty-six element, aqua regia with ICP-AES finish package, applied to all samples (ALS method code: ME-ICP41).

The drilling program was supervised by GeoVector Management Inc. and the drilling was performed by Forage Val d’Or.

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Dr. Éric Hebert, P.Geo., Senior Geological consultant, member (#0842) of the Ordre des Géologues du Québec, are both qualified persons within the meaning of National Instrument 43-101 on standards of disclosure for mineral projects. They have reviewed and approved the technical information contained in this press release.

About Quebec Precious Metals Corporation

QPM is an exploration company with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. The company focuses on advancing its Sakami Gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This release includes forward-looking statements. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production output.

Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of resources or reserves, political and social risks, changes to the regulatory framework within which the entity operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward-looking statements are based on the entity and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect business and operations in the future. There are no assurances that the assumptions on which forward-looking statements are based will prove to be correct, or that the business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the entity or management or beyond the entity’s control.

Although there have been attempts to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the entity. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements in this release are given as at the date of issue only. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the entity does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Table 1: Summary of significant drill hole assay results from the fall 2023 program,
Sakami project – Press release of February 29, 2024

Notes:

All widths are drill-indicated core length.
Drill holes are generally planned to intersect mineralization as close to perpendicular to strike as possible.
All gold values presented are not capped.

Quebec Precious Metals Reports High-Grade Lithium up to 3.9% Li₂O at Surface at the Drill-Ready Ninaaskumuwin Discovery, Situated along a 3.8 km-long, Highly Prospective pXRF Trend on its 100% Owned Elmer East Project, James Bay, Quebec

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Montreal, January 18, 2024 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) is pleased to report the results from the surface grab sampling program at the Ninaaskumuwin lithium prospect discovery, made by QPM in the fall of 2023 (Figure 1; October 24, November 7 and November 15, 2023, press releases) on its 100%-owned Elmer East project. Assay values from the nine samples from the discovery outcrop range from 1.10% to 3.92% Li₂O (Figure 2; Table 1). Based on the lithium assays and the fractionation level of the pegmatitic material, derived from the pXRF K-Rb ratios for muscovite and K-Feldspar, the surface mineralization has the potential to extend along a NW-SE 3.8 km-long trend (Figure 3).

QPM is planning to:

perform a diamond drilling program that aims to test the down-dip extent of the sill of the discovery outcrop, and the presence of potential stacked sills; and,
carry out geological mapping in and around the discovery outcrop and collect additional structural measurements.

“We are very encouraged by the high-grade sampling results as well as the extent of the trend. I believe that we are only scratching the surface of this significant discovery. We look forward to drilling the discovery outcrop to further demonstrate the very high lithium exploration potential at Elmer East,” commented Normand Champigny, CEO of QPM.

The Ninaaskumuwin lithium prospect is easily accessible from the paved Billy Diamond highway located about 50 km north of the ‘km 381’ rest stop that can provide accommodation, catering, fuel and power.

The field work and geological interpretation were performed by GeoVector Management Inc. with the assistance of ALS GoldSpot Discoveries Ltd.

Quality Assurance/Quality Control

Grab samples taken on the surface were collected to be representative of the overall outcrop. For each sample, its location was recorded using a high-precision GPS. The samples were bagged and tagged using a serial number and bar code provided by ALS Minerals (“ALS”). Standards and blanks were regularly inserted into the sample stream as well as sample duplicates. The samples were delivered, in secure tagged bags, directly to the ALS laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation (PREP-31). All samples are analyzed by ICP-MS coupled with a sodium peroxide fusion (ME-MS89L) for a suite of 53 elements, including lithium. Samples were also tested for Al, Na and Zr using four-acid digestion ICP-MS (ME-ICP-61).

Qualified Persons

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation’s Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Table 1- Grab sample results from Ninaaskumuwin lithium prospect discovery outcrop

Sample #	UTM Easting*	UTM Northing*	Li₂O (%)
L825033	342819	5827841	2.95
L825034	342842	5827860	3.13
L825035	342888	5827888	1.56
L825036	342902	5827905	2.14
G350755	342148	5826952	1.10
G350756	342906	5827906	3.49
G350757	342880	5827902	2.66
G350758	342853	5827869	3.92
G350759	342804	5827856	1.67

**Figure 1 – Location map of the Ninaaskumuwin lithium prospect discovery outcrop.**

Figure 2 – 1:1000-scale map of Ninaaskumuwin lithium discovery outcrop showing the locations of reported grab samples and the orientation of the prospective pXRF trend. Note the aerial photograph, looking to the NE, shows the extent of spodumene pegmatite in outcrop (white to light-grey rock).

**Figure 3 – Map showing the location of the discovery outcrop in Figure 2 and the 3.8 km-long prospective pXRF trend, overlaid on airborne magnetic data.**

Quebec Precious Metals summarizes 2023 progress and provides 2024 outlook

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Montreal, January 16, 2024 – Quebec Precious Metals Corporation (“QPM” or the “Corporation”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to summarize its progress in 2023 and provide an outlook for 2024.

Progress in 2023

Completion of a detailed lithium targeting study on all its exploration projects located in the Eeyou Istchee James Bay territory in Quebec by ALS GoldSpot Discoveries Ltd.
and identification of high priority lithium targets over a surface area totalling 125 km²;
Completion of a follow-up prospecting program leading to the discovery of the Ninaaskumuwin spodumene prospect on the Elmer East project and identification of drill targets (permit received). The discovery outcrop is about 1.3 km from the Billy Diamond Highway and about 45 km northwest Allkem Limited’s James Bay project with a recently announced total mineral resource of 110.2 million tonnes at 1.3% Li₂O. It has a length of 175 m, width of 42 m, and contains up to 15-20%, 3-55 cm-long, light-grey to light-green spodumene crystals. It is a shallowly dipping sill with an estimated thickness of up to 5 m;
Completion of a drilling program at the La Pointe Extension gold deposit to test the higher-grade portion of the deposit that could be amenable to open pit mining;
Closing of a financing with total for gross proceeds of $1,378,575; and,
Assay results for lithium and gold are expected within the next few weeks.

Outlook for 2024

Lithium – At the Ninaaskumuwin spodumene discovery at Elmer East, perform a diamond drilling program that aims to test: 1) the down-dip extent of the sill of the discovery outcrop, and 2) the presence of potential stacked sills. In addition, carry out geological mapping in and around the discovery outcrop and collect additional structural measurements;
Gold – At the La pointe Extension deposit at Sakami, drilling of untested gold targets. To date, encouraging results from metallurgical testing, induced polarization survey and drilling programs have been received and indicate the presence of a significant mineral resource including many higher-grade areas; and,
Ontario, gold – Continue the monetization process of the remaining non-core asset Matheson Joint Venture (50%).

“With the progress made in 2023, 2024 is expected to be a transformative year for QPM and we continue with our exploration success to advance our lithium and gold projects”, stated Normand Champigny, Chief Executive Officer.

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Corporation, and Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared and reviewed the content of this press release.

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee
James Bay territory in Quebec, near Newmont Corporation’s Eleonore gold mine. In addition, the Corporation holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Intersects Mineralized Zone at La Pointe Extension

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Montreal, December 19, 2023 – Quebec Precious Metals Corporation (“QPM” or the “Corporation”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to announce that the recently announced drilling program at the La Pointe Extension gold deposit intersected the predicted mineralized zone (press release of November 23, 2023). The deposit is located on the Corporation’s 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The drilling program was designed to test the higher-grade portion of the La Pointe Extension deposit that could be amenable to open pit mining.

The program totalled 732 m in two holes (Figures 1, 2 and 3). Both holes intersected strongly silicified paragneiss that characterizes the mineralized zone with the presence of disseminated arsenopyrite and pyrite. Hole PT-23-196 and hole PT-23-197 showed downhole mineralize lengths of 32.5 m and 18 m respectively. These mineralized lengths are consistent with the nearby holes drilled since the discovery of the deposit made in 2020. Assay results are expected to be available early next year.

Normand Champigny, QPM’s Chief Executive Officer, stated: “As predicted, we have intersected the mineralized zone in between the richest portions of the La Pointe Extension deposit. This is very encouraging and suggests a significant increase of the mineralized volume.”

The drilling program was supervised by GeoVector Management Inc. and the drilling was performed by Forage Val d’Or.

In connection with QPM’s press release dated November 7, 2023, the Corporation clarifies that the 194,625 common shares issued in settlement of debts of three current directors of QPM, have an expiry date of the hold period of April 13, 2024.

Qualified Person

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation’s Eleonore gold mine. In addition, the Corporation holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Drilling Higher Grade Mineralization at La Pointe Extension

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Montreal, November 23, 2023 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to announce that a drilling program is underway at the La Pointe Extension gold deposit, on the Company’s 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. Drilling aims to test the higher-grade portion of the La Pointe Extension deposit that could be amenable to open pit mining. The program totalling about 700 m in two holes (Figures 1 and 2) will be completed in early December with results available early next year.

Normand Champigny, QPM’s Chief Executive Officer, stated: “We expect that the drill results will connect the richest portions of the La Pointe Extension deposit and augment significantly the mineralized volume. There are still many undrilled targets in an interpreted large intrusive body near the deposit and over a strike length of 2.5 km to the southwest of the deposit. Drilling of these targets could result in a major discovery.”

La Pointe Extension Deposit

The La Pointe Extension deposit and the La Pointe deposit are part of the Sakami project located along a 23-kilometre-long favourable geological contact that hosts gold mineralization. Both deposits are of similar geological character and a sub-vertically dipping higher-grade portion. They show a generally good spatial correlation between the gold mineralization and the abundance of disseminated arsenopyrite, pyrite and pyrrhotite hosted in a silicified paragneiss that is observed in drill holes.

At the La Pointe deposit, the mineralized zone has a strike length 950 m, a depth of 450 m with an estimated average true thickness of 35 m, up to 63 m in the central part of the deposit. At the La Pointe Extension deposit discovered in 2020 (press release of April 21, 2020), drilling confirmed the continuity of a mineralized zone with a strike length of 2,000 m. Within the mineralized zone, there is a sub-vertically dipping higher-grade core with a strike length of 500 m strike, a depth of 600 m with an estimated average true thickness of 40 m, up to 75 m in the central part of the deposit. To date, a total of 47 holes (14,535 m) have intersected the La Pointe Extension deposit and the three of the most significant drill intersections are:

Hole PT-20-151: 1.15 g/t Au over 80.1 m incl. 2.21 g/t Au over 24.85 m
Hole PT-20-154: 1.14 g/t Au over 70.3 m incl. 2.74 g/t Au over 6.8 m
Hole PT-21-177 : 2.15 g/t Au over 42.2 m incl. 5.17 g/t Au over 14.50 m

Complete assay results and calculated composite grades released to date are available on QPM’s website (https://www.qpmcorp.ca/en/projects/sakami/). For previously disclosed results in connection with the La Pointe and La Pointe Extension deposits, see press releases of June 9, 2021, N ovember 2, 2021, February 24, 2022, March 10, 2022 and May 26, 2022.

The drilling program is under the supervision of GeoVector Management Inc. The drilling contract was awarded to Forage Val d’Or.

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Company, and Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared and reviewed the content of this press release.

About Quebec Precious Metals Corporation

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Confirms Drill Targets on Lithium Discovery, Elmer East Project, James Bay, Quebec

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Montreal, November 15, 2023 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) is pleased to announce the identification of drill targets. at the Ninaaskumuwin spodumene discovery (see press releases of October 24, 2023, and November 7, 2023). Drill targets have been confirmed following the completion of the follow-up prospecting program in the discovery area combined with geological mapping and structural interpretation.

“We have been able to go from initial discovery to confirmation of drill targets in only a few weeks. The presence of a sill is significant as it suggests potential stacking which may define a large mineralized body. We plan to drill in early 2024. This is very encouraging and further validates the very high lithium exploration potential at Elmer East.”, commented Normand Champigny, CEO of QPM.

The discovery area is easily accessible from the paved Billy Diamond highway located about 50 km north of the ‘km 381’ rest stop that can provide accommodation, catering, fuel and power (Figure 1).

The lithium-bearing pegmatite body:

is hosted in a metasedimentary unit comprised of sandstone, arenite and greywacke, which appears to have undergone ductile, polyphase deformation;
has a length of 175 m, width of 42 m, and contains up to 15 – 20%, 3 – 55 cm-long, light-grey to light-green spodumene crystals, of varying grain size and orientation;
is a shallowly dipping sill (rather than a steeply dipping dyke), with an estimated thickness of up to 5 m, but the true thickness remains unknown as the upper contact is above the current erosional level (Figure 2);
is interpreted as forming in a late, extensional tectonic environment. The random orientation of spodumene crystals within the sill also supports the interpretation of an extensional regime. Extensional environments are favourable for forming stacks of sills (of varying dimensions), often connected by feeder dykes;
has a mean orientation of 227 / 32° (average of contact and igneous banding measurements), and is interpreted to dip shallowly to the northwest under the marsh (Figure 3);
remains untested at depth to the north and northwest of the outcrop, and untested near the surface and at depth, to the northeast (dives under a marsh, Figure 4); and
can form significant open pit targets if they occur near surface due to the ‘flat’/shallowly-dipping nature of sills (e.g., the Whabouchi lithium deposit near Nemaska, James Bay).

On the basis of this interpretation, QPM intends to:

perform a diamond drilling program that aims to test: 1) the down-dip extent of the sill under the marsh to the north and northeast of the discovery outcrop, and 2) the presence of potential stacked sills; and
carry out geological mapping during next spring in and around the discovery outcrop and collect additional structure measurements.

The first assay values from the prospecting campaign at Elmer East are expected towards the end of November.

The field work and geological interpretation were performed by GeoVector Management Inc. with the assistance of ALS GoldSpot Discoveries Ltd.

Qualified Person

About Quebec Precious Metals Corporation

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Completes Lithium Prospecting Program, Expands Elmer East Project, James Bay, Quebec and Issues Shares in Payment of Debts and Deferred Share Units

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Montreal, November 7, 2023 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) is pleased to announce the completion of a follow-up prospecting program in the area of the recent Ninaaskumuwin spodumene discovery (see press release October 24, 2023) consisting of geological mapping, structural interpretation and grab sampling. The geological interpretation will be disclosed once available. The first assay values from the prospecting campaign at Elmer East are expected towards the end of November. Photos of the spodumene discovery are presented in Figures 1, 2 and 3, They show large spodumene crystals which are present in the pegmatite rock.

In view of the strong potential lithium potential identified on the high priority targets at the Elmer East project, QPM has expanded the project by staking 40 new claims adjacent to the other areas of interest (see Figure 4). The new claims were added near the Ninaaskumuwin discovery. QPM now has a total of 1,298 claims covering 676 km², 100% owned by the Corporation in the Eeyou-Istchee James Bay region of Quebec.

“We are even more enthusiastic about the lithium exploration potential at Elmer East, and look forward to receiving the analytical results and plan the next stage of field work.”, commented Normand Champigny, CEO of QPM.

The field work was performed by GeoVector Management Inc. with the guidance of ALS GoldSpot Discoveries Ltd.

Shares in Payment of Debts

The Company announces that it has entered into agreements to issue an aggregate of 194,625 common shares in settlement of debts of three current directors of the Corporation in an aggregate amount of $19,462.50 (the “Debt Settlement”). The Debt Settlement is paid in connection with services rendered by the directors during the third quarter of the financial year ending January 31, 2024.

The Board of Directors and Management of QPM believe that the Debt Settlement is in the best interests of QPM as it will help the Corporation preserve its cash position. The common shares to be issued pursuant to the Debt Settlement will be issued at a deemed price of $0.10 per share and will be subject to a four-month hold period pursuant to applicable securities regulations and the policies of the TSXV.

The Debt Settlement is considered a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Debt Settlement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as QPM’s securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and neither the fair market value of the common shares to be issued in the Debt Settlement nor of the services provided in connection with the debts which are the subject of the Debt Settlement exceeds 25% of QPM’s market capitalization. The Debt Settlement is subject to regulatory approval, including that of the TSXV.

Deferred shares units

The Company announces the issuance of 95,000 deferred stock units (the “DSUs”) to the Chief Executive Officer pursuant to its Deferred Share Unit Plan (the “DSU Plan”). This follows the decision that from May 1, 2022, the CEO’s salary compensation will be paid 80% in cash and the other 20% of compensation will be paid in DSUs quarterly. These DSUs represent the portion for the third quarter of 2024.

In accordance with the DSU Plan, the DSUs shall vest in accordance with the terms of agreements granting same and one year from the date of such grant, subject to the provisions of TSX Venture Exchange (the “TSXV”) Policy 4.4 and the Company’s security based compensation plan, and are payable in common shares of the Company, or in cash at the sole discretion of the Company, upon the holder ceasing to be director, officer or employee of the Company.

Qualified Person

About Quebec Precious Metals Corporation

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Announces the Discovery of Spodumene at the Elmer East Project, James Bay, Quebec

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Montreal, October 24, 2023 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) is pleased to announce that, only five days into its prospecting campaign on its projects in the Eeyou-Istchee James Bay region of Quebec (1,298 claims covering 676 km², 100% owned), it has discovered spodumene-bearing pegmatite mineralization at the Elmer East Project (see press release October 11, 2023, and Figure 1 and Figure 2). The first assay values from the prospecting campaign at Elmer East are expected towards the end of November. QPM will continue the field work until weather conditions no longer allow it.

“We are very impressed by the initial exploration success of the team in the field with our first spodumene discovery in the James Bay region which we recognize as a prolific and rapidly emerging hard rock lithium district. With many high priority target areas that have yet to be examined, this discovery bodes well for the remaining field program”, commented Normand Champigny, CEO of QPM.

Ninaaskumuwin Discovery

The pegmatite outcrop with visible spodumene (Figure 3 and Figure 4 including spodumene photos), known as the Ninaaskumuwin Showing (East Cree word for thankful), has a surface area expression of approximately 170 m long by 40 m wide with an apparent thickness of 40 m. The pegmatite is open along the strike. The outcrop is well mineralized in spodumene in a highly fractionated pegmatite dyke with well-formed pale green spodumene crystals ranging in length from a few centimetres to 50 cm. The outcrop is about 1.3 km from the Billy Diamond Highway and about 45 km northwest Allkem Limited’s James Bay project with a recently announced total mineral resource of 110.2 million tonnes at 1.3% Li₂O (see Allkem’s press release dated September 25, 2023).

The field work was performed by GeoVector Management Inc. with the guidance of ALS GoldSpot Discoveries Ltd.

Qualified Person

About Quebec Precious Metals Corporation

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Figure 4 – Spodumene (in red) under ultraviolet light and natural light in a pegmatite grab sample from the new discovery

Quebec Precious Metals Starts Prospecting on High Priority Lithium Targets, James Bay, Quebec

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Montreal, October 11, 2023 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) announces that it has started its prospecting program on high priority lithium targets at all its exploration projects (1,298 claims covering 676 km², 100% owned) located in the Eeyou Istchee James Bay territory, Quebec.

The prospecting work follows the identification of high priority targets as part of a study performed by ALS GoldSpot Discoveries Ltd. (“ALS GoldSpot”, see press release of August 22, 2023). This work includes sampling of all outcropping pegmatites located at a distance of approximately 8 km or more from Harfang Exploration Inc.’s discovery announced on September 13, 2023 of spodumene (lithium) in pegmatite dykes at Serpent-Radisson.

“We are excited to be in the field and carry out surface sampling of pegmatites. We have made considerable efforts to identify the most prospective targets with the aim of making significant lithium discoveries” commented Normand Champigny, CEO.

The work is being carried out by an experienced team of professionals of GeoVector Management Inc, based in Nepean, Ontario and with the guidance of ALS GoldSpot.

QPM is planning to collect several hundred samples on its projects. The drilling campaign for gold at Sakami is scheduled to begin in November.

Qualified Person

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation’s Eleonore gold mine. In addition the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Quebec Precious Metals Congratulates Harfang Exploration on its Spodumene Discovery near the Sakami Project, James Bay, Quebec

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Montreal, September 20, 2023 – Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM” or the “Corporation”) congratulates Harfang Exploration Inc. (“Harfang”) on their discovery announced on September 13, 20 23 of spodumene (lithium) in pegmatite dykes at Serpent-Radisson in the Eeyou Istchee James Bay territory in Quebec. Harfang’s discovery is located next to QPM’s Sakami project at a distance of approximately 8 km (Figure 1).

QPM reported high priority lithium targets following a detailed lithium targeting study on all of its exploration projects (1,298 claims covering 676 km², 100% owned) performed by ALS GoldSpot Discoveries Ltd. (see press release of August 22, 2023).

“Harfang’s discovery is significant for our Sakami and Cheechoo-Éléonore Trend projects where we have identified high priority lithium targets and for the James Bay region, a district that has some of the largest spodumene pegmatite resources in the world. We are about to initiate our surface sampling program of pegmatites and look forward to making significant lithium discoveries” commented Normand Champigny, CEO.

QPM is planning to collect several hundred samples on its projects. The drilling campaign for gold at Sakami is scheduled to begin in the coming weeks.

An updated corporate presentation is available on the Corporation’s web site www.qpmcorp.ca

Qualified Person

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation’s Eleonore gold mine. In addition the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca