Mr. Raymond Wladichuk reports

QI MATERIALS UPDATE ON RONCEVAUX SILICA PROPERTY EXPLORATION

Quebec Innovative Materials Corp. has provided an update on the Roncevaux silica property.

As disclosed in the company's Aug. 31, 2022, news release, Quebec Innovative Materials acquired mineral claims from HPQ Silicon Inc., including the Roncevaux silica property. The Quebec Innovative Materials team performed a recent site visit to the property in late October, 2023.

"We would like to thank our partner, HPQ, for this opportunity to further develop this asset and meet their growing high-grade silica demand," stated John Karagiannidis, executive chairman.

Roncevaux silica property

The Ronceveux silica property consists of a high-purity quartz vein located in Southern Quebec, approximately 50 kilometres from Amqui, Que. The property consists of 27 mineral claims totalling 1,570 hectares. Samples were collected by means of existing trenches found on the property. The quartz vein is estimated to potentially be over 300 metres long, with the width being unknown but likely tens of metres wide (as suggested by historical work and reports).

"We believe this is another significant addition to our growing high-grade silica Quebec portfolio," stated Raymond Wladichuk, chief executive officer.

Historical work conducted by HPQ Silicon indicates that the purity of the quartz vein is as high as 99.8 per cent SiO2 (silicon dioxide). HPQ conducted testing on the quartz material from this property and concluded that it was able to be converted to silicon metal by means of its patented processes.

The recent samples collected by the Quebec Innovative Materials field team indicate that, visually, this appears to be accurate. Tens of kilograms of samples have been collected for testing and analysis by the company.

The author of one of the historical reports acquired by means of SIGEOM (the Quebec government's publicly available geoscience database) provides an estimated tonnage of over 400,000 tonnes of quartz material (if extrapolated to a depth of 50 metres) (this is a non-National Instrument 43-101 compliant estimate and extracted from publicly available data such as historical assessment reports and prospecting reports).

Please be advised that a qualified person has not completed sufficient work to classify any mineral resources as defined by NI 43-101; it is therefore uncertain if future exploration will result in the delineation of mineral resources.

Qualified person

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

About high-purity quartz

High-purity 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 (formerly 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 Materials is working toward becoming a sustainable supplier of resources that 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, Canada; 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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