Mr. Richard Penn reports

EARLY WARNING PRESS RELEASE REGARDING ACQUISITION OF SHARES OF Q PRECIOUS & BATTERY METALS CORP.

Richard Penn, an officer and director of Q Precious & Battery Metals Corp., has purchased 400,000 common shares and 200,000 share purchase warrants of Q Precious & Battery Metals. Immediately prior to the closing of the offering, the acquiror beneficially owned or controlled 2,116,965 shares, 12,750 warrants and 180,000 options, representing approximately 10.22 per cent of the issued and outstanding shares on a non-diluted basis and, assuming the exercise of the 12,750 warrants and 180,000 options, approximately 10.97 per cent of the issued and outstanding shares on a partially diluted basis.

Immediately following the closing of the offering, the acquiror beneficially owns or controls 2,516,965 shares, 212,750 warrants and 180,000 options, representing approximately 10.70 per cent of the issued and outstanding shares on a non-diluted basis and, assuming the exercise of the 212,750 warrants and 180,000 options, approximately 9.26 per cent of the issued and outstanding shares on a partially diluted basis.

The securities of the company held by the acquiror are held for investment purposes. The acquiror has a long-term view of the investment and may acquire additional securities of the company either on the open market, through private acquisitions or as compensation, or sell the securities on the open market or through private dispositions in the future, depending on market conditions, general economic and industry conditions, the company's business and financial condition, reformulation of plans and/or other relevant factors.

A copy of the acquiror's early warning report will appear under the company's profile on SEDAR+ and may also be requested by mail at Q Precious & Battery Metals, suite 500, 666 Burrard St., Vancouver, B.C., V6C 3P6, attention: Mr. Penn, 778-384-8923.