Q2 Metals was up 20% last night right near RB6Q2 Metals...

Q2 Metals was up 20% last night right near RB6

Q2 Metals Initiates Phase Two Of Exploration Work At Its Mia Lithium Property In James Bay, Quebec

May 31, 2023

Vancouver, British Columbia, May 31, 2023 – Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce it has initiated Phase 2 of the 2023 exploration campaign, including surface mapping/prospecting, rock sampling, airborne magnetic and LiDAR surveys at its flagship Mia Lithium Property (the “Mia Property”), located in James Bay, Quebec. Q2 geologists have mobilized to the camp and will immediately begin work on the approximately 8-km long lithium exploration trend.

“Our geology team has arrived at the Mia Lithium Property, and we are expecting a busy and productive summer,” said Q2 Vice President of Exploration, Neil McCallum. “We are ramping up our work on the ground to expand upon the known high-grade spodumene pegmatite on the property, discover new occurrences and identify drill targets along the trend. We look forward to sharing the results of the program as we proceed.”

The primary objective of the surface mapping/prospecting and rock sampling program is to explore and identify drill targets along the approximately 8-km long lithium trend, located within a greenstone belt where numerous occurrences of high-grade spodumene pegmatites were sampled at a reconnaissance-scale in 2021 and 2022.

The high resolution airborne magnetic surveying will provide property-wide coverage that is intended to guide the exploration team to define potential pegmatite bodies at depth by outlining regional geological corridors and magnetic susceptibility variations that may directly be caused by pegmatite intrusions. The Company will also complete a property-wide LiDAR survey that provides high-quality topographic control and will add to the pegmatite targeting toolkit, providing precise local surface control for detailed geological modelling at the drilling stage.

The summer work program will be based out of a local Wemindji owned and operated camp. Additionally, the Company has secured all the required drilling and helicopter contracts for its inaugural drill program this summer at the Mia Property.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director of Q2.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration of its 8,668-ha flagship Mia Lithium Property in the James Bay area of Quebec, Canada which is host to the Mia Li-1 and Mia Li-2 occurrences which grade 0.47% Li2O and 2.27% Li2O respectively. The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia Lithium Property in James Bay.

Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110 km² in the Talgai Goldfields of the broader Warwick-Texas District, hosting 54 high-grade historical gold mines.