Quebec Precious Metals Corporation (TSX.V: QPM, FSE: YXEP, OTC-BB: CJCFF) ('QPM' or the 'Corporation') is pleased to report the results from the surface grab sampling program at the Ninaaskumuwin lithium prospect discovery, made by QPM in the fall of 2023 on its 100%-owned Elmer East project.

Assay values from the nine samples from the discovery outcrop range from 1.10% to 3.92% Li2O. Based on the lithium assays and the fractionation level of the pegmatitic material, derived from the pXRF K-Rb ratios for muscovite and K-Feldspar, the surface mineralization has the potential to extend along a NW-SE 3.8 km-long trend.

Quality Assurance/Quality Control

Grab samples taken on the surface were collected to be representative of the overall outcrop. For each sample, its location was recorded using a high-precision GPS. The samples were bagged and tagged using a serial number and bar code provided by ALS Minerals ('ALS'). Standards and blanks were regularly inserted into the sample stream as well as sample duplicates. The samples were delivered, in secure tagged bags, directly to the ALS laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation (PREP-31). All samples are analyzed by ICP-MS coupled with a sodium peroxide fusion (ME-MS89L) for a suite of 53 elements, including lithium. Samples were also tested for Al, Na and Zr using four-acid digestion ICP-MS (ME-ICP-61).

About Quebec Precious Metals Corporation

QPM is primarily focused on advancing its Sakami gold project, located in Eeyou Istchee James Bay territory in Quebec, near Newmont Corporation's Eleonore gold mine. In addition, the Company holds a 68% interest in the Kipawa/Zeus rare earths project located near Temiscaming, Quebec. This is the only rare earths project in North America which has a fully completed feasibility study.

Contact:

Normand Champigny

Chief Executive Officer

Tel: 514 979-4746

Email: nchampigny@qpmcorp.ca

(C) 2024 Electronic News Publishing, source ENP Newswire