Mr. John Karagiannidis reports

QIMC ANNOUNCES $15.0 MILLION BOUGHT DEAL LIFE OFFERING OF UNITS

Quebec Innovative Materials Corp. has entered into an agreement with Research Capital Corp. as sole underwriter and sole bookrunner, in connection with a bought deal private placement offering under the listed issuer financing exemption (as defined herein) of 16,667,000 units of the company at a price of 90 cents per unit for aggregate gross proceeds of $15,000,300.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at an exercise price of $1.30 at any time on or before that date which is 36 months from the issuance thereof, subject to adjustment in certain circumstances.

The company intends to use the net proceeds from the offering for exploration and evaluation of the company's existing hydrogen and helium projects and for general working capital purposes.

The underwriter has also been granted an option, exercisable in full or in part up to 48 hours prior to the closing date, to sell up to an additional 2,500,050 units at the issue price for additional gross proceeds of up to $2,250,045. The offering will be completed pursuant to the terms of an underwriting agreement to be entered into among the company and the underwriter.

The units will be issued in reliance on the listed issuer financing exemption available under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in each of the provinces of Canada, except Quebec. The securities issued under the offering are expected to be immediately freely tradable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The units sold under the offering may also be issued to purchasers outside of Canada, including to purchasers resident in the United States, pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, which will be subject to resale restrictions.

An offering document related to the offering will be available on SEDAR+ under Quebec Innovative's issuer profile and on Quebec Innovative's corporate website within the time period prescribed under National Instrument 45-106. Prospective investors should read this offering document before making an investment decision.

The offering is scheduled to close on or about the week of April 27, 2026, or such other date as the company and the underwriter may agree. Completion of the offering is subject to certain closing conditions, including the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

The underwriter will receive a cash commission of 7.0 per cent of the aggregate gross proceeds of the offering and such number of broker warrants as is equal to 7.0 per cent of the number of units sold under the offering. Each broker warrant entitles the holder to purchase one unit at an exercise price equal to 90 cents for a period of 36 months following the closing date.

Nova Scotia subsurface onshore gas grants

The company also notes that Nova Scotia has launched a $30-million subsurface energy research and development investment program, administered by Dalhousie University, providing grants and incentives for onshore exploration. The company is applying for a grant pursuant to the program and will provide further updates.

About Quebec Innovative Materials Corp.

Quebec Innovative is a North American exploration and development company, advancing a portfolio of natural hydrogen and critical mineral projects. The company is advancing its district-scale hydrogen exploration model across Quebec, Ontario and Nova Scotia (Canada) and Minnesota (United States), leveraging its proprietary R2G2 framework developed in collaboration with INRS. Quebec Innovative is committed to sustainable development, environmental stewardship and innovation, with the objective of supporting clean energy and decarbonization initiatives.

We seek Safe Harbor.