material changes in assumptions. The Technical Report in its current form is considered to be a comprehensive 
compilation of all available data applicable to the estimation of mineral resources. A summary of key assumptions and 
methods used to prepare the Foreign Estimate include: 
- The resource is reported according to CIM Definition Standards (2010) 
- By using SGS Geostat model, the mineral reserve for the Feasibility Study was prepared, estimated and supervised by 
Roche using a cut-off value of $48.96/t with 5% dilution and a mining recovery of 95.2%. The Kipawa open-pit design 
utilized a marginal (or milling) cut-off value of $48.96/t and a break-even cutoff value of $60.70/t. Included in the 
reserves are 632,000 tonnes of low-grade material lying between these 2 cut-off values. This material will be sent on a 
low-grade stockpile, close to the mine site, and will be processed at the end of the operation after mine depletion. 
- The Foreign Estimate and current Technical Report is based on a total of 293 drill holes totalling 24,571m and 13 
trenches totalling 631m. Historical Unocal holes are not in the count and were not used for the estimates. The 
mineralised zones were interpreted on vertical sections and meshed into volumes as per industry standard. Ordinary 
kriging was used to estimate the block model with block size set at 10m x 5m x 5m. The measured and indicated resources 
required drill grids 25m and 50m respectively. Resources extrapolated beyond 30m of those drill grids are considered 
inferred. 
6. Any more recent estimates or data relevant to the reported mineralisation available to the entity (LR 5.12.6) 
No further resource estimates or data relevant to the resource estimation are available. 
7. The evaluation and/or exploration work that needs to be completed to verify the foreign estimates as mineral 
resources or reserves in accordance with JORC Code 2012 (LR 5.12.7) 
A revision of the historical drilling information will be completed, to further ensure the integrity of the data, 
followed by another estimation of the resource, with updated classification based on the level of information 
available. In addition, VML intends to conduct further drilling, bulk sampling, geotechnical and hydrological testing. 
8. The proposed timing of any evaluation and/or exploration work that the entity intends to undertake and a comment on 
how the entity intends to fund that work (LR 5.12.8) 
VML intends to conduct drilling, bulk sampling, geotechnical and hydrological testing and will embark on this work as 
access permits are granted and intend to complete this work within several months. The work will be funded from 
existing working capital. 
SOURCE: Quebec Precious Metals Corporation 
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File: QPM_with_pictures 
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2021-08-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Quebec Precious Metals Corporation 
              1080, Côte du Beaver Hall 
              H2Z 1S8 Quebec 
              Canada 
Phone:        +1 514 871-1258 
Internet:     www.qpmcorp.ca 
ISIN:         CA7481401007 
WKN:          A2NB6R 
Listed:       Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; NYSE, Toronto 
EQS News ID:  1225166 
 
End of News   DGAP News Service 
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1225166 2021-08-10

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August 10, 2021 07:00 ET (11:00 GMT)