Mr. Raymond Wladichuk reports

QI MATERIALS DELIVERS ADDITIONAL SAMPLES TO HPQ SILICON INC.

Quebec Innovative Materials Corp. has delivered high-purity quartz samples to HPQ Silicon Inc.

As per the memorandum of understanding between HPQ and QI Materials (see Sept. 15, 2022, news release), HPQ Silicon has successfully received approximately 100 kilograms of high-purity quartz samples from zone 1 at the Charlevoix silica project. HPQ has also received samples from the newly discovered zones described in the Aug. 29 news release. HPQ plans on testing the material performance for both its Purevap quartz reduction reactor and fumed silica reactor processes.

"With our ongoing Purevap QRR, silicon anode material and fumed silica reactor projects moving forward, our need for a stable and local source of high-quality quartz will continue to increase as we continue to advance our undertakings to commercial scale over the coming periods," stated Bernard Tourillon, president and chief executive officer of HPQ Silicon. "With QIMC working on delineating its quartz resources, HPQ can focus its time and energy on developing its value-added portfolio of silica and silica base products."

Additionally, in order to improve the logistics of performing pilot processing on the materials from the Charlevoix silica project, the River Valley silica project and the Ville Marie industrial minerals property, Quebec Innovative Materials is in the process of relocating the pilot processing plant from Charlevoix to the company's centrally located facility in Lachute, Que.

"Over the last year we have successfully advanced from exploration to pilot processing, to proof of concept, to delivery of high-purity quartz materials to our strategic partner HPQ. We also currently have multiple tonnes of processed saleable product sitting on site, a rare achievement for an exploration company to accomplish in such a short amount of time," stated Raymond Wladichuk, CEO of Quebec Innovative Materials.

Qualified person

Mr. Wladichuk, PGeo (OGQ permit No. 02287, PGO licence No. 3526), the CEO of Quebec Innovative Materials and a qualified person for National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, approves the scientific and technical information contained in the news release.

About high-purity quartz

Highly pure quartz (SiO2) plays a pivotal role in two critical technologies shaping the future: solar panels and lithium silicon anode batteries. In the realm of renewable energy, quartz is the raw feed source of silicon metal (Si), a fundamental component in producing high-efficiency solar panels. Beyond solar panels, silicon metal is also a promising ingredient in lithium silicon anode batteries, offering the potential for increased energy storage capacity and improved battery performance, underscoring the indispensable role of quartz in advancing sustainable energy and cutting-edge technology. Furthermore, quartz-derived silicon has gained significant strategic importance, recently earning a place on the United States' strategic mineral list.

About Quebec Innovative Materials Corp.

Quebec Innovative Materials (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. The company 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, the River Valley silica project, near Sudbury, Ont., as well as other mineral properties in Quebec. The company also performs pilot processing on industrial minerals, refining processes to create custom products.

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