Ms. Alicia Milne reports

Q2 METALS ANNOUNCES DETAILS OF ITS EXPANSION DRILL PROGRAM FOR THE CISCO LITHIUM PROJECT IN EEYOU ISTCHEE JAMES BAY, QUEBEC

Q2 Metals Corp.'s 2025 winter drill program at its Cisco lithium project is anticipated to begin on Feb. 1, 2025. Crews will be mobilizing to the Cisco project over the course of the next week.

Highlights:

• The 2025 winter drill program is fully financed and anticipated to commence Feb. 1, 2025.
• The 2025 winter drill program is targeting 6,000 to 8,000 metres of drilling using two diamond drill rigs.
• The primary objective is to continue to expand upon the exceptional drill results from the 2024 drill campaign.

The primary objective of the 2025 winter program is to continue to expand upon the exceptional drill results from the 2024 drill campaign, which included:

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

Alicia Milne, president and chief executive officer of Q2 Metals, commented: "We are excited to get back to work on the Cisco project to continue to reveal its true potential and look forward to unlocking further value for our shareholders as we expand on the known mineralization zone by stepping out into untested areas of the project."

"Since completing the 2024 drill program, our team has been evaluating all of the data that was collected to gain a better understanding of what we're seeing at cisco," stated Neil McCallum, vice-president of exploration at Q2 Metals. "We have several highly promising targets that we are eager to explore to better understand the extent of Cisco."

The 2025 winter program is planned to continue until mid-April 2025, targeting 6,000 metres to 8,000 metres of drilling. Once the program begins, systematic drilling will be carried out with stepouts between 200 metres and 400 metres apart.

One diamond drill rig will test to the southwest of drill hole CS-24-023 to define the strike length and the other drill rig will test to the east of drill hole CS-24-018 and CS-24-021 to define potential additional parallel pegmatite zones.

Coming events

AME Roundup core shack

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

Mr. McCallum 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 metal and base metal speaker session on Tuesday, Jan. 21, 2025.

PDAC (Prospectors & Developers Association of Canada) booth and core shack

The company will be attending and exhibiting on site at the 2025 PDAC event in Toronto, ON. Q2 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 project at PDAC 2025. More details are to be provided as the event approaches.

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 the Cisco lithium project and its 100-per-cent-owned Mia lithium project.

The Cisco project comprises 767 claims, totalling 39,389 hectares. The Cisco project transects the Billy Diamond Highway, and the main mineralized zone is located only 6.5 kilometres away from the highway. The Cisco project 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 project 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 project 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 (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.

Qualified person

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

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