QNB Metals Inc. announced it has entered into two arm's length option agreements dated June 12, 2023 (the "Effective Date") with prospectors (the "Option Agreements") to acquire 65 additional claims (the "Claims") to expand its recently acquired Goodwin Nickel /Copper property, increasing the total size of the property from 8,670 to 9,970 ha. Terms of the Option Agreement: QNB has secured the options to earn a 100% interest in the Claims through a combination of cash payments and common share issuances. Pursuant to the first Option Agreement, the Corporation may acquire 35 Claims by: making aggregate cash payments of $50,350 to the optionor as follows: (i) $10,350 on the Effective Date, (ii) $10,000 on or before the 1st anniversary of the Effective Date, (iii) $10,000 on and (iv) $20,000 on or before the 3rd anniversary of the Effective Date; and issuing an aggregate of 500,000 common shares (each, a "Share") in the capital of the Corporation to the optionor as follows; (i) 100,000 Shares on or before the 1st Anniversary of the Effective Date, (i) 100,000 shares on or before the 2nd anniversary of the Effective Date, and (iv) 200,000 Shares on or before The 3rd anniversary of the Effective date.

Pursuant to the second Option Agreement, the Corporation may acquired 30 Claims by issuing an aggregate of 3,000,000 Shares to the optionor before June 30, 2023. Pursuant to the terms of each Option Agreement, in the event QNB exercises its option in full and acquires the Claims, QNB shall grant a 2.0% net smelter return royalty (the "NSR Royalty") and the NSR Royalty may be reduced to 1.0% upon QNB making a cash payment of $1,000,000 for each Option Agreement. The transactions contemplated by the Option Agreements, including the issuance of Shares thereunder, are subject to the approval of the CSE.

All Shares issued under the Option Agreements will be subject to a hold period of four months and one day in accordance with Canadian Securities Laws.