Q2 Metals Corp. announce the resumption of its exploration activities at the Mia Lithium Property located in the Eeyou Istchee James Bay territory of Quebec. The Quebec Ministry of Natural Resources and Forests has lifted its restrictions on forest access that has remained in place in the western James Bay region due to wildfires on and near the Property.

With the restrictions lifted, the Second Quarter geology team has mobilized and will immediately continue surface mapping/prospecting and rock sampling. The primary objective of the upcoming program is to explore and confirm drill targets along the approximately 8-km long Mia trend which is located within a greenstone belt. The secondary objective will be to assess the potential of the broader trends on the Property.

In June 2023, Second Quarter completed a two-day mapping and sampling program of the historically known lithium pegmatites at the Property that resulted in the collection of 28 pegmatite samples. Six samples were collected from spodumene-mineralized pegmatite and the remaining twenty-two from non- mineralized pegmatite to broaden the understanding of the source-rock relationships, geochronology, and/or zonation of the pegmatite. At the Mia Zone, the historically mapped spodumene-pegmatite was sampled and returned 2.73, 2.05 and 0.55% Li2O.

This successfully verified the 2021 and 2022 work by the Property vendors of 18 grab samples averaging 2.65% Li2O. The Mia Zone now measures a mapped extent of approximately 370 metres and is up to 140 metres wide. This represents an extension of approximately 130 metres to the north of the previously mapped extent.

There are some inclusions of the host rock within these dimensions and there are unclear contacts in all directions leading to the inability to precisely report the true size of the pegmatite. At the Carte Zone, the historically mapped spodumene-pegmatite was sampled and returned three spodumene-mineralized samples of 2.01, 1.57 and 1.04% Li2O. This successfully verified the 2022 work by the Property vendors of 3 grab samples averaging 1.65% Li2O.

The Carte Zone measures a mapped extent of approximately 110 metres and is up to 30 metres wide. Like the Mia Zone, the contact relationship between the host rock and the pegmatite is unclear and additional work is needed to determine the true dimensions of the pegmatite. Additionally, the next pegmatite located approximately 250 metres to the west was sampled and returned 160 ppm Ta2O5.