Highlights

• The 2025 Winter Drill Program is now underway and targeting 6,000 - 8,000 metres ('m') of diamond drilling using two drill rigs.

• The first drill hole of 2025 is an aggressive 400 m step out from the easternmost hole of the 2024 drill program (CS-24-022).

VANCOUVER, BC / ACCESS Newswire / February 3, 2025 / Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) ('Q2' or the 'Company') is pleased to announce that the first drill hole of the 2025 Winter Drill Program ('2025 Winter Program') has been collared at the Cisco Lithium Project (the 'Project' or the 'Cisco 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 m at 1.69% Li₂O

• Drill hole CS-24-021 - 347.1 m at 1.35% Li₂O; and

• Drill hole CS-24-023 - 188.6 m at 1.56% Li₂O

The 2025 Winter Program is targeting 6,000 - 8,000 m of systematic drilling with step outs between 200 and 400 m apart (Figure 1). The first drill hole of 2025 is an aggressive 400 m step out from the easternmost hole of the 2024 drill program (CS-24-022).

Figure 1. Map showing 2025 Winter Program drill targets

'With drilling now underway, we look forward to exploring the highly promising zones that were mapped & sampled this past summer,' said Neil McCallum, Q2 Metals VP of Exploration. '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 step out 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.'

Figure 2. Surface and down-hole measurements

Surface & 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 dykes. Surface contact and pegmatite dyke measurements (blue lines on Figure 3) indicated an average strike direction averaging about 35-degrees (NE-SW).

Optical televiewer survey work was conducted on 13 of the 17 holes drilled by Q2 to confirm the pegmatite contact relationships at depth (magenta lines on Figure 3). 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- and 80- degrees (relative to the surface; magenta lines in Figure 4), indicating that the current drill angle of -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.

Figure 3. Surface and down-hole measurements

Figure 4. Cross-Section 'B' through the 2024 drilling area

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, ON. Q2 is exhibiting in the Investors Exchange from March 2 - 5, 2025 at booth number 2726.

Q2 will also be exhibiting core from the Cisco Lithium Project at the PDAC 2025 Core Shack on March 4-5, 2025.

For more information on PDAC 2025, please click here.

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 is comprised of 767 claims, totaling 39,389 hectares ('ha'). The Cisco Project transects the Billy Diamond Highway, and the main mineralized zone is located only 6.5 kilometres ('km') away from the highway. The Cisco Project is approximately 150 km 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, comprised of 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 km and 180 km 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% Li₂O (hole CS-24-010);

• 215.6 metres at 1.69% Li₂O (hole CS-24-018);

• 347.1 metres at 1.35% Li₂O (hole CS-24-021); and

• 188.6 metres at 1.56% Li₂O (hole CS-24-023)

Since May 2024, the Company has drilled a total of 6,359.7 m over 17 holes. All drill holes intercepted pegmatite with visual indications of spodumene mineralization identified.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
[email protected]

Jason McBride
Corporate Communications
[email protected]

Telephone: 1 (800) 482-7560
E-mail: [email protected]

WWW.Q2Metals.com

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Qualified Person

Neil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 ('QP'), has reviewed and approved the technical information in this news release. Mr. McCallum is a director and VP Exploration for Q2.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: 'believes', 'expects', 'anticipates', 'intends', 'estimates', 'plans', 'may', 'should', 'would', 'will', 'potential', 'scheduled' or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the commencement of the 2025 Winter Drill Program, the continued collection of downhole televiewer data, inferences made therefrom, the potential scale of the Cisco Property, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled 'Risk Factors' in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Q2 Metals Corp.