Mr. Balraj Mann reports

QMC IDENTIFIES ADDITIONAL PEGMATITE DIKES ON ITS LITHIUM PROPERTY

QMC Quantum Minerals Corp. has provided the following update on exploration activities at its 100-per-cent-owned Irgon lithium mine project in southeastern Manitoba.

As noted in the company's news release of Jan. 11, 2018, and reported in the literature (Cerny et al., 1980), at least three new dikes known to occur within the Cat Lake/Euclid Lake area and which lie inside company's property were evaluated. Twenty-five grab samples have been obtained from these dikes and all have been shipped to SGS Lakefield for analysis. Spodumene was identified in the grab samples. To date, assay results have not been received.

A recent initial field evaluation by the on-site geological crew surveyed these three satellite dikes.

Two distinct trends were identified on one of the dikes evaluated. One trend extended at least 125 metres along strike generally east-west, with an exposed apparent width on surface ranging between two metres and five metres. An adjacent, second dike trend was located here and may represent either a bifurcation of the above pegmatite or a separate dike. It was observed striking again generally east-west and was traced in outcrop for 37 metres. The exposed width of the dike, without being able to observe either contact, was between seven metres and nine metres.

All these dikes will be re-evaluated, geologically mapped and systematically sampled during the 2018 field season.

Historical resource

Between 1953 and 1954, the Lithium Corp. of Canada Ltd. drilled 25 holes into the Irgon dike and subsequently reported a historical resource estimate of 1.2 million tonnes grading 1.51 per cent Li2O (lithium oxide) over a strike length of 365 metres and to a depth of 213 metres (Northern Miner, Volume 41, No. 19, Aug. 4, 1955, page 3). This historical resource is documented in a 1956 assessment report by B.B. Bannatyne for the Lithium Corp. of Canada (Manitoba assessment report No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor the qualified person has any reason to contest the document's relevance and reliability. The continuing detailed channel sampling and a subsequent drill program will be required to update this historical resource to current National Instrument 43-101 standards. Historical metallurgical tests reported an 87-per-cent recovery from which a concentrate averaging 5.9 per cent Li2O was obtained.

During this historical 1950-era work program, a complete mining plant was installed on site designed to process 500 tonnes of ore per day and, in addition, a three-compartment shaft was sunk to a depth of 74 metres. On the 61-metre level, lateral development was extended off the shaft for a total of 366 metres of drifting from which six crosscuts transected the dike. The work was suspended in 1957, awaiting a more favourable market for lithium oxides, and, at this time, the mine buildings were removed.

The mineral reserve cited herein is presented as a historical estimate and uses historical terminology that does not conform to current NI 43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of NI 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified person and NI 43-101 disclosure

The technical content of this news release has been reviewed and approved by Bruce E. Goad, PGeo, who is a qualified person as defined by NI 43-101.

About QMC Quantum Minerals Corp.

QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious metal, base metal, rare metal and resource properties of merit. The company's properties include the Irgon lithium mine project and two VMS (volcanogenic massive sulphide) properties -- Rocky Lake and Rocky-Namew -- known collectively as the Namew Lake District project. Currently, all of the company's properties are located in Manitoba.