Ms. Alicia Milne reports

Q2 METALS ANNOUNCES CLOSING OF THE ACQUISITION OF ADDITIONAL CLAIMS AT THE CISCO LITHIUM PROPERTY, JAMES BAY, QUEBEC, CANADA

The previously announced option agreement made between 9219-8845 QC Inc. (CMH), Anna-Rosa Giglio and Q2 Metals Corp., as amended and restated Dec. 17, 2024, has closed.

Under the terms of the agreement, Q2 has acquired the exclusive right and option to acquire a 100-per-cent interest in 545 mineral claims, which more than triples its mineral claim position at the Cisco property.

The Cisco property now comprises a total of 767 contiguous mineral claims over 39,389 hectares, including more than 30 kilometres of strike length on the Frotet-Evans greenstone belt, which hosts the Sirmac and Moblan lithium deposits, located 130 kilometres and 180 kilometres away, respectively. The additional Cisco claims are primarily south of the original Cisco property claims, adding several kilometres of prospective greenstone rocks and providing extensive strategic sites for future development and mining infrastructure scenarios.

To acquire the additional Cisco claims, the company must pay to CMH an aggregate of $2.4-million over a period of 42 months and complete $1.2-million of exploration expenditures during that time. Certain of the additional Cisco claims are subject to 3-per-cent gross metal return royalty and the remaining additional Cisco claims are subject to a 2-per-cent net smelter return royalty and 1-per-cent gross metal return royalty. Two per cent of the GMR royalty may be repurchased for $3-million and 1 pe cent of the NSR royalty may be repurchased for $500,000.

For further details on the terms of the agreement and the royalties on the additional Cisco claims, please see the company's press release dated Nov. 26, 2024.

Coming events

AME Roundup core shack

Q2 Metals is pleased to have been selected as a participant in the core shack at the coming AME (Association for Mineral Exploration) annual Roundup conference being held in Vancouver, B.C., from Jan. 20 to Jan. 23, 2025.

Neil McCallum, vice-president of exploration, as well as senior project geologists will be on hand with core from the 2024 drill season at Cisco. Mr. McCallum will also be presenting at the critical and base metals speaker session on Tuesday, Jan. 21, 2025.

PDAC booth and core shack

The company will be attending and exhibiting on site at the 2025 Prospectors & Developers Association of Canada event in Toronto, Ont. Q2 Metals is exhibiting in the investors exchange from March 2 to March 5, 2025, at booth No. 2726.

Additionally, Q2 Metals is pleased to announce that the company has been selected to exhibit core from the Cisco lithium property at PDAC 2025. More details are to be provided as the event approaches.

Qualified person

Neil McCallum, BSc, PGeol, is a registered permit holder with the Ordre des Geologues du Quebec and qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this news release. Mr. McCallum is a director and vice-president, exploration, for Q2 Metals.

About Q2 Metals Corp.

Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, which includes both its 100-per-cent-owned Mia lithium property and the Cisco lithium property.

The Cisco property comprises 767 claims totalling 39,389 hectares. The Cisco property transects the Billy Diamond Highway, and the main mineralized zone is located only 6.5 kilometres away from the highway. The Cisco property is approximately 150 kilometres north of Matagami, a small town that contains the closest rail link to much of James Bay, and is within the greater Nemaska traditional territory of the Eeyou Istchee territory in James Bay, Quebec.

The Cisco property is situated along the Frotet Evans greenstone belt, comprising a volcanic package dominated by mafic to felsic metavolcanic rocks of the southern James Bay lithium district, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 kilometres and 180 kilometres away, respectively.

The Cisco lithium property has district-scale potential with an already-identified mineralized zone and discovery drill results that include:

• 120.3 metres at 1.72 per cent Li2O (lithium oxide) (hole CS-24-010);
• 215.6 metres at 1.69 per cent Li2O (hole CS-24-018);
• 347.1 metres at 1.35 per cent Li2O (hole CS-24-021);
• 188.6 metres at 1.56 per cent Li2O (hole CS-24-023).

Since May, 2024, the company has drilled a total of 6,359.7 metres over 17 holes. All drill holes intercepted pegmatite with visual indications of spodumene mineralization identified.

We seek Safe Harbor.