Mr. Aaron Stone reports

QCX GOLD ACQUIRES HIGH RESOLUTION LIDAR DATA, DISCOVERS PEGMATITE ON GOLDEN GIANT PROJECT

QCX Gold Corp. has received high-resolution lidar and orthophotography data from its contractor ALS Goldspot Discoveries Ltd. The survey was flown in September during the previously announced lithium-focused field campaign across the Golden Giant project in the James Bay region of Quebec (see Aug. 8, 2023, press release). In addition, pegmatite was found on the Golden Giant West block. All pegmatite samples returned anomalous values for important indicator elements beryllium, cesium, niobium, rubidium and tantalum, highlighting the potential for LCT-type (lithium/cesium/tantalum) pegmatites in the area. QCX is surrounded by major lithium developers and explorers in James Bay, including Allkem, Patriot Battery Metals, Brunswick Exploration and Li-FT Power. The easternmost block of Golden Giant, Kali East, is located directly adjacent to the Billy Diamond Highway, making for easy access and low-cost exploration.

Aaron Stone, vice-president, exploration, for QCX, stated: "Although no spodumene was observed in the field, finding pegmatite outcropping is an important first step. Furthermore, the fact that all pegmatite samples submitted returned anomalous values for important pathfinder elements beryllium, cesium, niobium, rubidium and tantalum are a strong indication that LCT pegmatites may be present on Golden Giant. We will use the geochemistry results to determine the level of fractionation in these pegmatites to hopefully be able to point us in the right direction to where further dikes may exist on the property."

Pegmatite discovered on the Golden Giant West block importantly had similar mineralogy to known lithium-bearing pegmatites in the James Bay area, with significant amounts of garnet, black tourmaline and micas (both muscovite and biotite) being observed. Furthermore, a highly altered and weathered pegmatite was observed on the Kali East block, although it did not return any results of significance. However, given the proximity to Allkem's James Bay deposit, it is still a significant find and warrants follow-up exploration efforts.

The Golden Giant project comprises three packages of claims -- Golden Giant East, Golden Giant West and the Kali East block -- covering 18,992 hectares and is contiguous to Azimut Exploration Inc.'s Patwon project.

Quality assurance/quality control

In total, 110 grab samples were taken across the Golden Giant claims to test an array of discovered outcrops. The quality assurance and quality control protocol included the insertion of a blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate and standard samples accredited by ALS Canada Ltd. during the analytical process. Grab samples were sent to ALS Laboratories in Montreal, Que., and evaluated using multielement analysis by aqua regia and/or supertrace sodium peroxide fusion (lab codes: ME-MS41 and ME-MS89L).

Qualified person

Aaron Stone, PGeo, vice-president, exploration, of QCX Gold and a qualified person (as such term is defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects), has reviewed and approved the geological information reported in this news release.

About QCX Gold Corp.

QCX Gold is exploring for gold and volcanogenic-massive-sulphide-style mineralization on its highly prospective and well-located properties in Quebec, Canada. The Golden Giant project is located in the James Bay region, only 2.9 kilometres from Azimut Exploration's Patwon discovery on its Elmer gold project. The Fernet project is located in the Abitibi greenstone belt and is contiguous with Wallbridge Mining Company Ltd.'s Fenelon/Martiniere property. Both properties are in close proximity to major discoveries; this bodes well for exploration.

We seek Safe Harbor.