Ms. Alicia Milne reports

Q2 METALS COLLARS FIRST HOLE OF THE 2025 WINTER DRILL PROGRAM AT THE CISCO LITHIUM PROJECT, EEYOU ISTCHEE JAMES BAY, QUEBEC

The first drill hole of the 2025 winter drill program has been collared at the Cisco lithium project, located within the greater Nemaska traditional territory of Eeyou Istchee James Bay, Quebec, Canada.

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 lithium oxide;
• Drill hole CS-24-021 -- 347.1 metres at 1.35 per cent lithium oxide;
• Drill hole CS-24-023 -- 188.6 metres at 1.56 per cent lithium oxide.

The 2025 winter program is targeting 6,000 metres to 8,000 metres of systematic drilling with stepouts between 200 metres and 400 metres apart. The first drill hole of 2025 is an aggressive 400-metre stepout from the easternmost hole of the 2024 drill program (CS-24-022).

"With drilling now under way, we look forward to exploring the highly promising zones that were mapped and sampled this past summer," said Neil McCallum, vice-president of exploration for Q2 Metals. "We've only just begun to unlock the potential of the Cisco project, and, with over a kilometre to the southwest and 900 metres to the east that have yet to be drill tested, the stepout drilling that we've planned will be pivotal in understanding the extent of the mineralization that we've seen so far. One drill rig will be used to test to the southwest of drill hole CS-24-023 to define the strike length of mineralization, and the other drill rig will be used to test to the east of drill holes CS-24-018 and CS-24-021 to identify potential additional parallel pegmatite zones."

Surface and downhole measurements

During the 2024 drill program conducted at the Cisco project, the drill hole orientation was adjusted early in the program due to the surface-observed orientations of the pegmatite dikes. Surface contact and pegmatite dike measurements indicated an average strike direction averaging about 35 degrees (northeast-southwest).

Optical televiewer survey work was conducted on 13 of the 17 holes drilled by Q2 to confirm the pegmatite contact relationships at depth. Following the compilation and review of the data points collected, it was determined that the orientation of the pegmatite aligns with the surface measurements and that the drill azimuth is appropriate at this stage. Additionally, the dip of the pegmatite varies between 25 degrees and 80 degrees (relative to the surface), indicating that the current drill angle of minus-45 degrees is the most appropriate angle.

Downhole televiewer data will continue to be collected in the 2025 season to confirm and refine the most appropriate drilling approach.

PDAC booth and core shack

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

Q2 will also be exhibiting core from the Cisco lithium project at the PDAC 2025 core shack on March 4 to March 5, 2025.

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, that includes both the Cisco 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, 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 lithium oxide (hole CS-24-010);
• 215.6 metres at 1.69 per cent lithium oxide (hole CS-24-018);
• 347.1 metres at 1.35 per cent lithium oxide (hole CS-24-021);
• 188.6 metres at 1.56 per cent lithium oxide (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 permitholder with the Ordre des Geologues du Quebec and 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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