Mr. John Karagiannidis reports

QI MATERIALS ANNOUNCES STRATEGIC DEVELOPMENT OF ITS QUEBEC HYDROGEN ASSETS AND APPOINTMENT OF NEW PRESIDENT AND CEO

In an effort to develop marketable initiatives in the fields of clean and renewable energy, Quebec Innovative Materials Corp. is talking about a strategic development of its St. Lawrence hydrogen project in Quebec. The company's areas of interest include exploration for white hydrogen and helium (from natural sources), commercialization of affordable hydroelectric technologies, and local biomethane production.

Description of Quebec Innovative Materials' hydrogen assets

In November, 2022 (see news release dated Nov. 10, 2022), Quebec Innovative acquired a 100-per-cent interest in three mineral claim properties, consisting of 248 mineral claims totalling 14,257 hectares, referred to as the St. Lawrence hydrogen project, located in Quebec.

Collaboration with Institut National de la Recherche Scientifique (INRS)

Following Professor Richer-LaFleche's suggestions in 2022, Quebec Innovative Materials has developed a strategy for acquiring properties in regions affected by rift zones intersecting Precambrian rocks rich in potassic, ultramafic and iron formations. These structural zones are associated with the presence of Paleozoic sedimentary rocks, which, by analogy with hydrocarbon host systems, could contain reservoir rocks and impermeable units essential to the preservation of hydrogen and/or helium.

In 2024, Quebec Innovative Materials, in collaboration with INRS, plans to carry out a first phase of exploration for white hydrogen and helium on these vast properties located in Temiscamingue, near the Quebec-Ontario border, and in Lac St-Jean.

An intervention protocol coupling soil gas geochemistry, geophysics, and optical and lidar (light detection and ranging) drone imaging is currently being developed by INRS to provide Quebec Innovative Materials with an optimal exploration strategy considering the large surface areas of the company's properties.

Management change

Quebec Innovative Materials has appointed John Karagiannidis as its new president and chief executive officer. Mr. Karagiannidis was born and raised in Montreal, Que., and has been involved in over 300 transactions involving emerging private and public companies, with a total value in excess of $2-billion.

Mr. Karagiannidis is currently a dealing representative at EMD Financial. Prior to EMD, Mr. Karagiannidis worked at Marquest Capital Markets, Industrial Alliance Securities and Desjardins Securities. Mr. Karagiannidis is an MBA graduate of the Ivey Business School (University of Western Ontario), LLB from the University of Montreal, and is a member of the Quebec Bar Association.

The company wishes to extend its appreciation to Patrick Levasseur, who has acted as interim chief executive officer since March, 2024. Mr. Levasseur remains a director of Quebec Innovative Materials.

"Hydrogen represents not just a solution, but a revolution in the energy landscape, unlocking boundless potential for sustainable power and a greener future. We are delighted to be collaborating with Marc and his team at the INRS on this," stated Mr. Karagiannidis.

About naturally occurring hydrogen and helium

Naturally occurring hydrogen and helium form from chemical and nuclear reactions deep underground. It is an attractive, sustainable energy option because, in addition to being a clean fuel, hydrogen may occur as a modern-day replenishing resource, unlike a hydrocarbon reservoir (natural gas, oil et cetera), which depletes.

Helium is a noble gas with distinctive chemical and physical properties for different scientific, industrial and bio-medical applications. It is an essential element of medical scanners (magnetic resonance imaging (MRI)), which is used to cool powerful magnets. Liquid helium is also used to cool certain metals to the extremely low temperatures required for electrical superconductivity. Furthermore, helium is used as a protective atmosphere during the growth of monocrystalline silicon intended to manufacture integrated circuits and optical fibres.

The government of Quebec has recently announced the Quebec Green Hydrogen and Bioenergy Strategy, which has the purpose of creating a favourable environment to accelerate the production, distribution and use of hydrogen. More information can be found on-line.

About the INRS and Mr. Richer-LaFleche, PGeo

The Institut National de la Recherche Scientifique is a high-level research and training institute. Mr. Richer-LaFleche's team has exceptional geological, geochemical and geophysical experience specifically in the regions of Quebec Innovative Materials' newly acquired claims. It has carried out over six years of geophysical and geochemical work, and collected thousands of C1-C4 soil-gas analyses.

Mr. Richer-LaFleche also holds an FRQNT grant, in partnership with Quebec MRN and the mining industry, to develop and optimize a soil-gas method for the direct detection of mineralized bodies and faults under quaternary cover. In addition to sulphide gases, hydrogen was systematically analyzed in the numerous surveys carried out in 2023 in Abitibi, Temiscamingue and also in the Quebec Appachian.

In addition, the INRS team has several portable gas spectrometers, and the sampling equipment and logistics necessary for taking gas samples and geophysical measurements on the ground or in the aquatic environment. He is a professional geologist registered with the Ordre des geologues du Quebec and is the qualified person responsible for the technical information contained in this news release, and has read the information contained herein.

About Quebec Innovative Materials Corp.

Quebec Innovative Materials (previously Quebec Silica Resources Corp.) is a mineral exploration and development company with a diversified 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 which are essential in advanced batteries and the electrification of the new green economy.

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