Mr. Rick Breger of Harfang Exploration reports

HARFANG AND QUEBEC PRECIOUS METALS JOINTLY IDENTIFY HIGH-PRIORITY GOLD AND LITHIUM DRILL TARGETS ON THEIR SERPENT-RADISSON AND SAKAMI PROJECTS, EEYOU ISTCHEE JAMES BAY, QUEBEC

Harfang Exploration Inc. and Quebec Precious Metals Corp. have released the results of a joint targeting study conducted on adjacent and wholly owned Serpent-Radisson and Sakami projects. The projects demonstrate significant potential for high-grade gold and more recently for lithium (see Harfang's press releases dated Oct. 5, 2022, Sept. 13 and Dec. 6, 2023, and Quebec Precious's press releases dated Sept. 20, 2023, and Feb. 29, 2024).

The study was designed to identify additional gold and lithium drill targets on the western portion of the Sakami project and on the eastern portion of the Serpent-Radisson project. The close collaboration between the two companies resulted in:

• The identification of 12 priority gold and lithium targets, including three high-priority targets that can be drill ready following a field inspection later this year;
• An improved geological understanding and confirmation of the structural and lithological controls on gold and lithium mineralization.

Normand Champigny, Quebec Precious's chief executive officer, stated: "The collaboration with Harfang has been very beneficial to demonstrate the stronger exploration potential for both gold and lithium at our respective projects. We look forward to the follow-up in the field, drill the best targets and continue our collaboration with Harfang."

"These types of collaborations are exactly what this industry needs more of," Rick Breger, Harfang's president and chief executive officer, stated. "Not only were we able to more efficiently deploy our capital by pooling and sharing resources, but we also now have a much better technical understanding of our respective projects. After all, the geology does not change on the other side of the claim boundary."

Using both company and publicly available data, the study generated a comprehensive geological and structural lineament map of the Sakami-Serpent-Radisson area. Highlights of the study are as follows:

• Mafic to ultramafic slivers extend to the southwest along shears in the Sakami project area, deflecting to the west-southwest along splays in the Serpent-Radisson project area.
• Mafic gabbroic dike swarms that were previously unrecognized occur within tonalitic gneiss and felsic intrusions at Sakami. Additional gabbroic material occurs at the Serpent project, mainly along interpreted structures.
• Several untested pegmatites, potentially lithium-bearing bodies, are present.
• Anastomosed shear zones are present with reverse movement and/or primarily sinistral-strike slip component, in a Riedel-like system associated to a north-south compression.

Both projects exhibit the presence of high-grade gold:

• Sakami: The discovery of 29 showings with up to 62.92 grams per tonne Au (grab sample), up to 48.93 g/t Au over one metre (channel sample) and up to 120.4 g/t Au over 0.45 m (drill hole) along a 23-kilometre mineralized corridor, and including more than 50,000 m of drilling on two well-defined deposits (La Pointe and La Pointe extension) with intercepts up to 1.15 g/t Au over 80.1 m, including 2.21 g/t Au over 24.85 m;
• Serpent-Radisson: The discovery of more than 50 showings with up to 340 g/t Au (grab sample), up to 7.78 g/t Au over 6.15 m (channel sample), and up to 2.52 g/t Au over 19.65 m and 1.64 g/t Au over 22.40 m (drill hole) along an interpreted 20 km long mineralized corridor.

Both projects exhibit lithium potential:

• Sakami: Several interpreted pegmatite bodies to be field tested to determine their potential to contain lithium;
• Serpent-Radisson: The discovery of spodumene and tantalite showings in the eastern part of the project with up to 4.56 per cent lithium oxide (grab sample) over a favourable zone that is greater than 15 square km.

The study was performed by ALS GoldSpot Discoveries Ltd. with the assistance of GeoVector Management Inc. and under the guidance of Quebec Precious and Harfang.

Qualified persons

Mr. Champigny, Eng, chief executive officer of Quebec Precious, and Ludovic Bigot, PGeo, vice-president, exploration, of Harfang, are both qualified persons within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects. They have reviewed and approved the technical information contained in this press release.

About Harfang Exploration Inc.

Harfang Exploration is a well-financed technically driven mineral exploration company with the primary mission to discover ore deposits in Quebec and Ontario. The company is managed by an experienced team of industry professionals with a proven record of success and controls a portfolio of highly prospective projects. Harfang is dedicated to best practices through engagement with all stakeholders and commitment to the environment.

About Quebec Precious Metals Corp.

Quebec Precious is an exploration company with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corp.'s Eleonore 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-per-cent interest in the Kipawa/Zeus rare-earths project located near Temiscaming, Que.

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