Ms. Alicia Milne reports

Q2 METALS ANNOUNCES $20 MILLION LIFE PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Q2 Metals Corp. has entered into an agreement, with Canaccord Genuity Corp., as sole agent, for a best-efforts private placement of 20 million common shares of the company that qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada), at a price of $1 per flow-through share, for gross proceeds of up to $20-million. In addition, the company will grant the agent an option to sell up to an additional five million flow-through shares at the offering price to raise additional gross proceeds of up to $5-million on the same terms and conditions as set out herein. The agent's option is exercisable in whole or in part at any time, up to the closing date.

The company will use an amount equal to the gross proceeds received by the company from the sale of the flow-through shares, pursuant to the provisions in the tax act, to incur (or be deemed to incur) eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures (as both terms are defined in the tax act), related to the company's projects in Quebec, on or before Dec. 31, 2026, and to renounce all the qualifying expenditures in favour of the subscribers of the flow-through shares effective Dec. 31, 2025. In the event the company is unable to renounce qualifying expenditures effective on or prior to Dec. 31, 2025, to the subscribers for the flow-through shares purchased in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares and/or the qualifying expenditures are otherwise reduced by the Canada Revenue Agency, the company will indemnify each flow-through share subscriber for any additional taxes payable by such subscriber as a result of the company's failure to renounce the qualifying expenditures or as a result of the reduction, as agreed.

The offering is expected to close on or about Aug. 14, 2025, or such other date as the company and the agent may agree and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the flow-through shares will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities issued to Canadian resident subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Q2 Metals Corp.

Q2 Metals is a Canadian mineral exploration company focused on the Cisco lithium project, located within the greater Nemaska traditional territory of Eeyou Istchee, James Bay, Quebec, Canada.

The Cisco project comprises 801 claims, totalling 41,253 hectares, with the main mineralized zone just 6.5 kilometres from the Billy Diamond Highway, which transects the project. The town of Matagami, railhead of the Canadian National Railway, is approximately 150 kilometres to the south.

The Cisco project has district-scale potential with an initial exploration target estimating a range of potential lithium mineralization and grade of 215 million tonnes to 329 million tonnes at a grade ranging from 1.0 per cent to 1.38 per cent Li2O (lithium oxide), based only on the first 40 holes drilled to date.

Drill testing continues, with mineralization open at depth and along strike with potential for significant expansion at the Cisco mineralized zone. The 2025 summer program is continuing, with rolling assay results anticipated into Q3 2025 as the company works toward a maiden resource estimate.

We seek Safe Harbor.