Mr. Normand Champigny reports

QUEBEC PRECIOUS METALS STARTS PROSPECTING ON HIGH PRIORITY LITHIUM TARGETS, JAMES BAY, QUEBEC

Quebec Precious Metals Corp. has started its prospecting program on high-priority lithium targets at all its exploration projects (1,298 claims covering 676 square kilometres; 100 per cent owned) located in the Eeyou Istchee James Bay territory, Quebec.

The prospecting work follows the identification of high-priority targets as part of a study performed by ALS GoldSpot Discoveries Ltd. (see press release of Aug. 22, 2023). This work includes sampling of all outcropping pegmatites located at a distance of approximately eight kilometres or more from Harfang Exploration Inc.'s discovery announced on Sept. 13, 2023, of spodumene (lithium) in pegmatite dikes at Serpent-Radisson.

"We are excited to be in the field and carry out surface sampling of pegmatites. We have made considerable efforts to identify the most prospective targets with the aim of making significant lithium discoveries," commented Normand Champigny, chief executive officer.

The work is being carried out by an experienced team of professionals of GeoVector Management Inc., based in Nepean, Ont., and with the guidance of ALS GoldSpot.

Quebec Precious Metals is planning to collect several hundred samples on its projects. The drilling campaign for gold at Sakami is scheduled to begin in November.

Qualified person

Normand Champigny, Eng, chief executive officer of the company and a qualified person under National Instrument 43-101 on standards of disclosure for mineral projects, has prepared and reviewed the content of this press release.

About Quebec Precious Metals Corp.

Quebec Precious Metals is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corp.'s Eleonore gold mine. In addition, the company holds a 68-per-cent interest in the Kipawa/Zeus rare earth project located near Temiscaming, Que. This is the only rare earth project in North America that has a fully completed feasibility study.