Mr. Balraj Mann reports

QMC RECEIVES DRILL PERMIT FOR THE IRGON LITHIUM MINE PROJECT

QMC Quantum Minerals Corp. has received a drill permit from the sustainable development office of the Manitoba government for its proposed drill program on the Irgon pegmatite dike at the company's 100-per-cent-owned Irgon lithium mine project in southeastern Manitoba.

The company is currently in the process of requesting and assessing bids from drilling contractors prior to initiating a 2,000-metre drill program designed to confirm both the historical Li2O (lithium oxide) assays received from the 1953/1954 drill program and those obtained from historical sampling across the six crosscuts on the 200-foot level in the underground workings. These historical results are reported in Manitoba assessment report No. 94932.

The company also intends to drill test for extensions to the mineralized zone on the Irgon dike below the currently tested 213-metre/700-foot depth. In addition, it will evaluate potential lateral strike extensions both to the east and to the west of the currently farthest known exposure of the outcropping pegmatite dike.

Data received from this drill program in addition to the results of the recent surface channel sampling program on the Irgon dike (see QMC news release of March 5, 2018) will be compiled by QMC to update the non-National Instrument 43-101-compliant historical resource of 1.2 million tons of 1.51 per cent Li2O to current NI 43-101 standards.

Historical resource

Between 1953 and 1954, the Lithium Corp. of Canada Ltd. drilled 25 holes into the Irgon dike and subsequently reported a historical resource estimate of 1.2 million tons grading 1.51 per cent Li2O over a strike length of 365 metres and to a depth of 213 metres (Northern Miner, Vol. 41, No. 19, Aug. 4, 1955, page 3). This historical resource is documented in a 1956 assessment report by B.B. Bannatyne for the Lithium Corp. of Canada (Manitoba assessment report No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor the qualified person has any reason to contest the document's relevance and reliability. The continuing detailed channel sampling and a subsequent drill program will be required to update this historical resource to current NI 43-101 standards. Historical metallurgical tests reported an 87-per-cent recovery from which a concentrate averaging 5.9 per cent Li2O was obtained.

During this historical 1950-era work program, a complete mining plant was installed on site designed to process 500 tons of ore per day, and, in addition, a three-compartment shaft was sunk to a depth of 74 metres. On the 61-metre level, lateral development was extended off the shaft for a total of 366 metres of drifting from which six crosscuts transected the dike. The work was suspended in 1957, awaiting a more favourable market for lithium oxides, and, at this time, the mine buildings were removed.

The mineral reserve cited herein is presented as a historical estimate and uses historical terminology which does not conform to current NI 43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of NI 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified person and NI 43-101 disclosure

The technical content of this news release has been reviewed and approved by Bruce E. Goad, PGeo, who is a qualified person as defined by NI 43-101.

About QMC Quantum Minerals Corp.

QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious metal, base metal, rare metal and resource properties of merit. The company's properties include the Irgon lithium mine project and two VMS (volcanogenic massive sulphide) properties -- Rocky Lake and Rocky-Namew -- known collectively as the Namew Lake district project. Currently, all of the company's properties are located in Manitoba.