Q2 Metals Corp. outlined its exploration plans for 2023. Exploration plans include: First quarter: Continued historical data compilation and review of high-resolution satellite imagery at the Mia Lithium Property.

First or second quarter: Commencement of field program which will include geophysical surveys to guide a detailed mapping and sampling campaign at the Mia Lithium Property. Third quarter: Commencement of 10,000 m inaugural drilling campaign at the Mia Lithium Property, with rolling results expected throughout the third quarter and into the first quarter of 2024. 2023 Field Exploration Program: The Company is continuing the compilation of historical data and reviewing high-resolution satellite imagery at the Mia Lithium Property.

Second Quarter is planning to conduct orientation-style geophysical surveys, consisting of ground-IP/resistivity and ground gravity at the Mia Lithium Property as well as conduct a property-wide high-resolution airborne magnetic survey. The geophysics are intended to provide guidance on which of the many pegmatite bodies along the approximately 8 km long trend will potentially be the largest to target for follow-up work. Additionally, the geophysics may reveal targets that are covered by vegetation or overburden that may not otherwise be apparent from satellite imagery or ground mapping/sampling.

The Company will commence a detailed mapping and sampling program as soon as weather and snow- cover permits. The detailed groundwork will provide guidance on the extent of lithium mineralization along the approximately 8 km long trend. Reconnaissance-scale sampling over the last two years has confirmed lithium mineralization at the eastern and western ends of the trend.

No field work has been conducted to assess the potential of the mapped pegmatite intrusions that are visible by satellite imagery in-between. The spring work program will commence shortly after May 20, 2023, to respect the local Cree Nation goose harvesting season of the Eeyou Istchee (James Bay territory) from April 20, 2023 to May 20, 2023, or as soon as snow-free conditions allow. Second Quarter intends to aggressively follow up the ground mapping and sampling program with a 10,000 m drilling campaign.

This first phase of drilling is expected to commence in July 2023, with up to two drill-rigs and continue until September 2023. Stellar Lithium Property 2023 exploration plans: First quarter: Continued historical data compilation and review of high-resolution satellite imagery at the Stellar Lithium Property. First or second quarter: Reconnaissance scale mapping and sampling at Stellar Lithium Property.