Mr. Raymond Wladichuk reports

QI MATERIALS ANNOUNCES ASSAYS OVER 99% SIO2 FROM NEWLY DISCOVERED ZONES AT THE CHARLEVOIX SILICA PROJECT

Quebec Innovative Materials Corp. has discovered new zones of highly pure quartzite on the company's wholly owned Charlevoix silica project. Seven samples were delivered to ALS Global's lab in Val d'Or, Que., where they underwent purity analysis. These samples were selected from various locations on the outcrops and averaged over 98 per cent SiO2 ranging from 97 per cent to over 99 per cent as shown in the attached table.

The Quebec Innovative field team's mapping and prospecting efforts have led to the discovery of newly found quartzite outcroppings with remarkably high purity grade. The new zones currently named zones 3, 4 and 5 occur approximately one kilometre northeast of zones 1 and 2. According to Sigeom, the Ministry of Quebec's Public Natural Resources database, the new zones are located outside of the Zec des Martres.

The Quebec Innovative team is currently establishing access to the newly discovered zones and performing detailed mapping and sampling to better define the quartzite formation, which is open along strike.

"What an amazing job by the field team. The majority of the samples collected from the new zones are of beautiful, clear, near-crystalline quartzite. The team is ready to push hard into the fall season to better understand the geology and dimensions of this quartzite formation," stated Raymond Wladichuk, PGeo, chief executive officer of Quebec Innovative.

The company has also recently received results from infill channel sample analysis on zone 1. As discussed in the news release dated April 26, 2023, approximately half of the channel samples were retained by Quebec Innovative for internal and purity analysis by ALS Global. The remaining half of the samples were retained by the Institute National Recherche Scientifique for analysis and for purity analysis by Act Labs. Quebec Innovative intentionally had two different labs complete the purity analysis as a level of quality assurance/quality control (QA/QC).

Silicon metal demand

The demand for silicon metals is steadily increasing as a result of growing needs in various sectors such as solar panels, microprocessors and silicon alloys. This heightened demand proves its valuable characteristics as a semi-conductor and its structural properties, thereby continuing to generate favourable supply-side prospects for both silicon metal and high-purity silica feedstock.

Silicon partnership

The Quebec Innovative partnership with HPQ Silicon Inc. has resulted in confirmation that Quebec Innovative's silica meets the requirements for use as feedstock in HPQ's environmentally benign silica to silicon metal processing technology. HPQ is focused on both green processing of silica to silicon metal and the production of silicon battery components for use in advanced silicon batteries. Quebec Innovative's focus on this partnership gives the company exposure to an advanced battery supply chain and green processing technology that will be further explored as HPQ's plant construction continues.

Silica partnership

Additionally, the company has entered into a memorandum of understanding with Ekopav, a Canadian company focused on innovative ecofriendly solutions for the paving industry. The MOU stipulates the procurement of a specific tonnage of silica sands from Quebec Innovative for Ekopav's manufacturing of commercial asphalt products. Silica materials used in production of asphalt products are not required to be metallurgical grade. The company is pleased to engage Ekopav as a potential future purchaser of submetallurgical-grade silica.

Metallurgical testing

As a result of the availability of tonnage-sized samples due to the successful commissioning of its pilot plant, which consists of various crushing and sorting equipment, the company is currently evaluating additional metallurgical testing, and is expected to finalize analysis agreement and commence broad metallurgy testing shortly at an independent lab. The material testing will determine the chemically suitability for a wide variety of silica and silicon metal applications such as medium-quality feedstock and for metallurgical-grade silicon using traditional submerged arc furnace processing. An approximately one-tonne sample of Charlevoix quartzite is being prepared for shipment for mineralogical analyses. It is expected the analyses will include X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing.

Raymond Wladichuk, PGeo, (OGQ permit No. 02287), the chief executive officer of Quebec Innovative, a qualified person for National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical information contained in the news release.

About Quebec Innovative Materials Corp.

Quebec Innovative (Canadian Securities Exchange: QIMC) (previously Quebec Silica Resources Corp.) is a mineral exploration and development company with a portfolio of natural resource assets, including high-grade silica, hydrogen and helium properties. Quebec Innovative is working toward becoming a sustainable supplier of resources which are essential in advanced batteries and the electrification of the green economy. The company has a 100-per-cent interest in the Charlevoix silica project near Clermont, Que., Canada, as well as other mineral properties in Quebec. The company also performs pilot processing on industrial minerals and refining processes to create custom products.

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