Coloured Ties Capital Inc. provided the following corporate update on acquisitions by it's subsidiary Quebec Pegmatite Corporation. Quebec Pegmatite Corporation, a subsidiary of Coloured Ties Capital Inc. announced that QPC has acquired 100% interest, subject to a 3% NSR that may be reduced to 1.5% with a $2,000,000 payment in 84 mineral claims in the Corvette Lithium District in Quebec from an arms length vendor. The claims have been acquired for cash payment and issuance of common shares in QPC.

The Company is currently pursuing other potential acquisitions in the area and will not disclose exact terms publicly for competitive reasons. In addition to the 84 claims, QPC has acquired an additional 234 claims surrounding the 84 claims by map staking. These 234 claims are 100% owned by QPC and not subject to any payments or royalties to third parties.

In total, the newly acquired Corvette Claim block now consist of 318 Quebec Ministère de l'Énergie et des Resources (MERN) CDC Mineral claims, totaling approximately 16,300 hectares or 163 square kilometers. The claims cover an intrusion which has been documented in past literature publications to be unexplored but to have potential to hold pegmatites and spodumene lithium mineralization. QPC has not conducted any exploration on these claims to confirm this potential.

The Company will design and conduct an aggressive exploration plan on these claims as Quebec work seasons permit in the area.