Q2 Metals Corp. announced it has completed Phase 1 of the 2023 exploration campaign at its Mia Lithium Property (the Mia Property), located in James Bay, Quebec. Surface geophysics, consisting of Induced Polarity and Resistivity (IP-Resistivity) surveying is complete on the western half of the approximately 8-km long lithium exploration trend.

The Company is awaiting the results of interpretation before deciding whether to complete the eastern half of the trend in June. The IP-Resistivity geophysical survey was carried out by TMC Gophysique out of Val d'Or Quebec and focused on the western section of the greenstone belt within the Mia Property and spanned approximately four kilometres, with 11 lines at 100-metre line spacing. IP-Resistivity is a geophysical tool that has traditionally been used in gold and base metals exploration, but has been useful in identifying resistive rock units, such as pegmatite, as at the James Bay Deposit of Alkem Inc. Second Quarter will commence Phase 2 of its 2023 exploration program, including ground mapping and sampling, shortly after May 20th to respect the local Cree Nation Goose harvesting season of the Eeyou Istchee (James Bay territory) which runs from April 20th to May 20th, and as soon as snow-free conditions allow.

The scheduled helicopter-borne magnetic survey was deferred to early June. The Company's inaugural 10,000 m drilling campaign is expected to commence in July, with up to two drill-rigs and continue until September 2023.