Quebec Precious Metals : Reports High-Grade Grab Samples of 68.1 and 61.8 gt Au on the Elmer East project, extends the Mineralized Corridor to 4.2 km at the Lloyd Discovery Area

MONTREAL - Quebec Precious Metals Corporation ('QPM' or the 'Company') (TSXV: QPM) (OTCQB: CJCFF) (FSE: YXEP) is pleased to report the grab sampling results from its Lloyd discovery located on its 100%-owned Elmer East Project in Quebec's Eeyou Istchee James Bay territory.

A total of 153 grab samples were collected during the 2021 summer field program on the Project. This work was carried out with the participation of GoldSpot Discoveries Corp. (TSX.V: SPOT, OTCQX: SPOFF), following its gold targeting analysis in 2020 on the Project, and under the supervision of QPM.

Normand Champigny, CEO of QPM, stated: 'The 2021 summer surface sample results further confirm the excellent gold potential of the Elmer East project. We are going back to the field this month to improve our geological understanding of this extensive mineralized system to identify the best drill targets.'

The recent surface sampling work expands the mineralized corridor identified in 2020 from 60 m to 4.2 km. The mineralized rocks consist of a 1 to 2 m wide SW-NE trending and shallow-dipping, hematized, quartz+/-epidote-carbonate veins with open spaces crystallization and various amounts of sulphide minerals (galena, sphalerite, chalcopyrite and pyrite). Grab samples taken from veins returned gold values up to 68.1 g/t Au. Mineralization is hosted in a chloritized wacke near the contact with a polymictic conglomerate of the Wabamisk Formation.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Eleonore gold mine. QPM's flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM's goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advances geological modelling that saves time, reduces costs and provides accurate results.

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