Vancouver, BC, Nov 26, 2024 – (ACN Newswire) – Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (“ Q2 ” or the “ Firm “) is happy to announce that it has acquired a 100% curiosity in 545 mineral claims (the “Further Cisco Claims”), greater than tripling its mineral declare place on the Cisco Lithium Property (the “ Property ” or the “ Cisco Property “) positioned throughout the higher Nemaska conventional territory of the Eeyou Istchee James Bay area of Quebec, Canada.

The Cisco Property is now comprised of a complete of 767 contiguous mineral claims over 39,389 hectares (“ha”), together with greater than 30 kilometres (“km”) of strike size on the Frotet-Evans Greenstone Belt, which hosts the Sirmac and Moblan lithium deposits, positioned 130 km and 180 km away, respectively. The Further Cisco Claims are primarily south of the unique Cisco Property claims, including a number of kilometres of potential greenstone rocks and offering in depth strategic websites for future growth and mining infrastructure situations.

“We could not be extra happy to have acquired these extra claims ,” stated Q2 Metals President and CEO Alicia Milne. ” Since buying Cisco, we’ve got been capable of clearly reveal its world-class potential for grade and scale, whereas additionally specializing in key future growth pathways. These extra claims present us with a serious footprint in an rising, prime lithium jurisdiction and offers us distinctive optionality for future growth. “

Neil McCallum, Vice President of Exploration for Q2 said, ” Whereas we eagerly await the pending launch of remaining assay outcomes from the lab, we’ve got been targeted on planning our winter 2025 exploration program. These extra claims add an amazing quantity of mineral prospectivity at Cisco as they embody extra of the greenstone belt that has been our focus this 12 months and which has yielded such super success. As we strategy 12 months finish, we’re wanting ahead to additional updates and a really busy 2025. “

Further Cisco Claims – Acquisition Phrases

The Further Cisco Claims had been acquired pursuant to an choice settlement dated November 26, 2024, between Q2 Metals, 9490-1626 Quebec Inc. (“ CMH “) and Anna-Rosa Giglio (along with CMH, the “ Distributors “). To accumulate the Further Cisco Claims,the Firm should pay to CMH an mixture of $2,400,000 over a interval of 42 months and full $1,200,000 of exploration expenditures throughout that point:

Upon satisfaction of the above funds and expenditures, the Firm will earn a 100% curiosity within the Further Cisco Claims.

The Distributors will retain a 3% gross metals returns royalty (the “ GMR “) on the Further Cisco Claims besides the Soquem Claims (as outlined under), of which as much as 2% of the GMR could also be bought by the Firm at any time previous to business manufacturing for $1,000,000 on the primary 1% and $2,000,000 on the subsequent 1%. The foregoing GMR buy funds could also be happy in both money or Frequent Shares, on the election of the Firm and topic to regulatory approval. Sure of the Further Cisco Claims (the “Soquem Claims”) bear a 2% internet smelter returns royalty (the “ NSR “) in favour of Soquem Inc. Upon closing, the Firm will assume the rights and obligations underneath the NSR, which embody the precise to repurchase 1% of the NSR for $500,000. As well as, the Firm will grant the Distributors a 1% GMR on the Soquem Claims. The Distributors may also be paid a bonus of $2,500,000 on the completion and supply of an preliminary mineral useful resource calculation report, ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks, on the Further Cisco Claims demonstrating an inferred useful resource (or greater class) of no less than 25 million tonnes grading over 1% Li2O. Closing of the Settlement is topic to sure phrases and circumstances.

Certified Individual

Neil McCallum, B.Sc., P.Geol, is a registered allow holder with the Ordre des Géologues du Québec and Certified Individual as outlined by NI 43-101 and has reviewed and accepted the technical info on this information launch. Mr. McCallum is a director and VP Exploration for Q2.

About Q2 Metals Corp and the Cisco Property

Q2 Metals is a Canadian mineral exploration firm targeted on unlocking its portfolio of lithium tasks within the Eeyou Istchee James Bay area of Quebec, Canada, that features each its 100-per-cent-owned flagship Cisco Lithium Property and Mia Lithium Property.

The Cisco Property is comprised of 767 claims totaling 39,389 ha throughout the higher Nemaska Neighborhood lands of the Eeyou Istchee Territory, James Bay, Quebec and is roughly 150 km north of the city of Matagami and its rail infrastructure. The Billy Diamond Freeway, which transects the property, is simply 6.5 km away from essential mineralized zone.

Cisco is located alongside the Frotet Evans Greenstone Belt, comprised of a volcanic package deal dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the identical belt that hosts the Sirmac and Moblan lithium deposits, positioned 130 km and 180 km away, respectively.

Since Could 2024, the Firm has drilled a complete of 6,359.7 m over 17 holes on the Cisco Lithium Property. All drill holes intercepted pegmatite with visible indications of spodumene mineralization recognized. Drill outcomes embody:

120.3 metres at 1.72% Li 2 O (gap CS-24-010);

215.6 metres at 1.69% Li 2 O (gap CS-24-018); and

347.1 metres at 1.35% Li 2 O (gap CS-24-021)

FOR FURTHER INFORMATION, PLEASE CONTACT:

Phone: 1 (800) 482-7560
E-mail: information@Q2metals.com

WWW.Q2Metals.com

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Ahead-Trying Statements

This information launch accommodates forward-looking statements and forward-looking info (collectively, “forward-looking statements”) throughout the which means of relevant Canadian laws. Ahead-looking statements are usually recognized by phrases corresponding to: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “could”, “ought to”, “would”, “will”, “potential”, “scheduled” or variations of such phrases and phrases and related expressions, which, by their nature, consult with future occasions or outcomes which will, may, would, would possibly or will happen or be taken or achieved. Accordingly, all statements on this information launch that aren’t purely historic are forward-looking statements and embody statements relating to beliefs, plans, expectations and orientations relating to the long run together with, with out limitation, any statements or plans regard the geological prospects of the Firm’s properties and the long run exploration endeavors of the Firm. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements will not be ensures of future efficiency and precise outcomes or developments could differ materially from these within the forward-looking statements. Ahead-looking statements are primarily based on quite a few materials elements and assumptions.

Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes to vary materially from these anticipated in such forward-looking statements. The forward-looking statements on this information launch converse solely as of the date of this information launch or as of the date laid out in such assertion. Ahead wanting statements on this information launch embody, however will not be restricted to, that the Further Cisco Claims could present for in depth strategic websites for future growth and mining infrastructure situations, drilling outcomes on the Cisco Property and inferences made therefrom, the grade and scale of the Cisco Property being world class, that the Cisco Property is in an rising prime lithium jurisdiction, that the Further Claims offers distinctive optionality for future growth and mineral prospectivity, that the Further Cisco Claims will add an amazing quantity of potential at Cisco, the main target of the Firm’s present and future exploration and drill packages, the dimensions, scope and site of future exploration and drilling actions, the Firm’s expectations in reference to the tasks and exploration packages being met, the Firm’s aims, targets or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral sources, exploration and mine growth plans, timing of the graduation of operations and estimates of market circumstances. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embody failure to acquire essential approvals, variations in ore grade or restoration charges, adjustments in undertaking parameters as plans proceed to be refined, unsuccessful exploration outcomes, adjustments in undertaking parameters as plans proceed to be refined, outcomes of future useful resource estimates, future steel costs, availability of capital and financing on acceptable phrases, basic financial, market or enterprise circumstances, dangers related to regulatory adjustments, defects in title, availability of personnel, supplies and gear on a well timed foundation, accidents or gear breakdowns, uninsured dangers, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment identical. Readers are cautioned that mineral exploration and growth of mines is an inherently dangerous enterprise and accordingly, the precise occasions could differ materially from these projected within the forward-looking statements. Further threat elements are mentioned within the part entitled “Danger Elements” within the Firm’s Administration Dialogue and Evaluation for its not too long ago accomplished fiscal interval, which is accessible underneath Firm’s SEDAR profile at www.sedarplus.ca .

Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could differ materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. Though the Firm has tried to determine vital dangers, uncertainties and elements which may trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant. The Firm doesn’t intend, and doesn’t assume any obligation, to replace this forward-looking info besides as in any other case required by relevant regulation.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

SOURCE: Q2 Metals Corp.

Subject: Press launch abstract

Supply: Q2 Metals Corp

Sectors: Metals & Mining

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