Q2 Metals Updates Private Placement

Vancouver, BC, July 12, 2024 – (ACN Newswire) – Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (“ Q2 ” or the “ Company “) is pleased to announce an update to the terms of the non-brokered private placement of units of the Company as announced on July 10, 2024 (the “Offering”).

The charity flow-through unit portion of the Offering has been updated to reflect an increase in the price of the units being offered from $0.4625 to $0.475 per unit. As such, the charity flow-through unit portion is now comprised of up to 10,526,315 units of Q2 at a price of $0.475 per unit (the “Charity Units”) for gross proceeds of up to $5,000,000.

All other Offering terms remain the same, with total gross proceeds now being up to $7,505,000.

Closing of the Offering on the terms, as amended, is subject to certain customary conditions, is expected to occur on or about July 31, 2024, and is subject to receipt of acceptance by the TSX Venture Exchange. All securities issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws or the Exchange Hold Period under the policies of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities issuable pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws

About Q2 Metals Corp

Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes both its 100-per-cent-owned Mia Lithium Property and the Cisco Lithium Property.

The Cisco lithium property is located approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.

The Company’s exploration advancement at its 8,668-hectare flagship Mia lithium property is focused on the more than 10-kilometre-long Mia trend which is host to both the Mia 1 and Mia 2 lithium occurrences and 11 other mineralized zones along trend.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2Metals.com

Kevin Bottomley
Director
Kevin@Q2Metals.com

Jason McBride
Corporate Communications
Jason@Q2Metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter , LinkedIn , Facebook , and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the Offering, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Q2 Metals Corp.

Greta Minerals Secures Lithium and REE Assets in Western Australia

SINGAPORE, July 11, 2024 – (ACN Newswire) – Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia. They now hold over 700 km2 of exploration tenements strategically located on very prospective Ida Fault, with a focus on the exploration of Lithium and REE assets.

Handover of asset documents from Mr Tan to Greta Minerals MD Mr Rajshekhar, observed by Greta Group Chairman Mr. Nitesh Chaudhari.

The acquisition was facilitated through the partnership with Mr. Tan, acclaimed for his appearances on the popular show Aussie Gold Hunters. He will be a director in Greta Minerals, bringing his extensive expertise and industry knowledge to the company, further strengthening its position and capabilities.

Strategic Importance of the Tenements Package:

The tenements package in Western Australia is located in the prolific “Lithium Corridor.” This area links major mining projects, including Mount Marion Lithium Mine, Red Dirt’s Mt Ida, St Georges Mt Alexander Project, and Liontown’s new Kathleen Valley mine. The Geological Survey of Western Australia (GSWA) and the Minerals Research Institute of Western Australia (MRIWA) have identified the Ida Fault as a significant geological structure. It channels large-scale hydrothermal fluids responsible for the formation of potential multi-million-ounce gold deposits.

Recent discoveries, such as Kidman Resources’ 189Mt Mount Holland lithium pegmatite deposit (sold for A$776M), the 156Mt Kathleen Valley discovery by Liontown Resources (Mkt Cap A$2.21B), and the 308Mt discovery by Pilbara Minerals (Mkt Cap A$9.03B), underscore the potential for additional large lithium finds in the Western Australian “Lithium Corridor.” The lithium-rich pegmatites, such as those at Mount Marion south of Kalgoorlie, are genetically related to late-stage granitic intrusions, which also occur within the Ida Fault Project Area and Greta Minerals’ tenements. These areas are prospective hosts for major mineral deposits, particularly Lithium, REE and Gold.

About Greta Group: https://gretagroup.com/

Greta Minerals PTE Ltd, part of the Greta Group, is headquartered in Singapore. Owned by NRI Mr Nitesh Chaudhari, Greta Group has built a notable presence in various industries, including trading (ferrous and non-ferrous metals), agriculture, mining, and power generation. Greta Minerals aims to explore and develop mineral resource assets, with a strong commitment to innovation, sustainability, and excellence.

Statements:

Commenting on the occasion, Mr Nitesh Chaudhari, Chairman of the Greta Group, said: “We are happy to complete the acquisition and this marks a pivotal moment for Greta Group as we expand our footprint in Australia’s rich mineral landscape. By broadening our asset portfolio, this acquisition enhances our capabilities in the highly lucrative sectors of Lithium, REE & Gold.”

Mr Rajshekhar Kudupali, the Managing Director of Greta Minerals PTE Ltd noted: “Western Australia is regarded as the number one mining jurisdiction in the world. The acquired tenements are strategically located along the Ida Fault, a significant geological structure that divides the Youanmi and Kalgoorlie terranes in Western Australia’s Eastern Goldfields. The proximity to Kalgoorlie, underscores the importance of our assets. The tenements feature lithium-rich pegmatites and late-stage granitic intrusions similar to those at Mount Marion, indicating a strong potential for significant lithium and gold deposits. Our focus will be on driving forward with exploration and maintaining our commitment to responsible mining practices, ensuring long-term benefits for our company and the communities we operate in.”

For more information, please contact:
Rajshekhar Kudupali
Email : raj@greta.sg
Phone : +65-6223 0152

Q2 Metals Announces $7.5 Million Private Placement

Vancouver, BC, July 10, 2024 – (ACN Newswire) – Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) (“Q2” or the “Company“) is pleased to announce that it has arranged a non-brokered private placement of units of the Company to raise gross proceeds of up to $7,500,000 (the “Offering”) as follows:

Up to 10,800,000 units of Q2 at a price of $0.4625 per unit (the “Charity Units”) for gross proceeds of up to $4,995,000. Each Charity Unit will consist of one flow-through common share of Q2 (a “FT Share”) and one half of one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional non-flow-through common share of Q2 at a price of $0.50 per share for a period of two years;
Up to 1,000,000 units of Q2 at a price of $0.35 per unit (the “FT Units”) for gross proceeds of up to $350,000. Each FT Unit will consist of one FT Share and one half of one Warrant; and
Up to 8,620,000 units of Q2 at a price of $0.25 per unit (the “NFT Units”) for gross proceeds of up to $2,155,000. Each NFT Unit will consist of one non-flow-through common share of Q2 and one half of one Warrant.

Gross proceeds from the issuance of the Charity Units and FT Units will be used to incur “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures”, as such terms are defined in the Income Tax Act (Canada) (the “Tax Act”), on Q2’s lithium projects in Quebec that the Company will renounce to the subscribers pursuant to the Tax Act with an effective date not later than December 31, 2024. Where applicable, gross proceeds from the sale of the FT Shares from purchasers in Québec will also qualify as “Canadian exploration expense” under the Taxation Act (Québec) and qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” and the “exploration base relating to certain Québec surface mining exploration expenses”, under the Taxation Act (Québec). Proceeds from the sale of the NFT Units will be used for general working capital.

The Company may pay finders’ fees in accordance with the policies of the TSX Venture Exchange.

Closing of the Offering is subject to certain customary conditions, is expected to occur on or about July 31, 2024, and is subject to receipt of acceptance by the TSX Venture Exchange. All securities issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws or the Exchange Hold Period under the policies of the TSX Venture Exchange.

About Q2 Metals Corp

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2Metals.com

Kevin Bottomley
Director
Kevin@Q2Metals.com

Jason McBride
Corporate Communications
Jason@Q2Metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

SOURCE: Q2 Metals Corp.

Q2 Metals Confirms Lithium Mineralization at Eight New Zones Discovered at the Cisco Lithium Property, James Bay, Quebec, Canada

Highlights:

8 new spodumene-bearing pegmatite discoveries have been confirmed as mineralized, for a total of 15 spodumene pegmatite zones on the Cisco Property thus far.
41 samples of the CO1 to CO15 outcrop groups ranged in grade up to 4.31% Li2O,averaging 1.80% Li2O.

Vancouver, BC, July 8, 2024 – (ACN Newswire) – Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF)(FSE:458) (“Q2” or the “Company“) is pleased to announce analytical results from the ongoing 2024 mapping and sampling field program at the Cisco Lithium Property (the “Property” or the “Cisco Property“). The Cisco Property is located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada, proximal to the Billy Diamond Highway and 150 kilometres (“km”) north of the town of Matagami and railway.

Initial field work including mapping and rock sampling was undertaken by the Company to provide guidance on the extent of the lithium mineralization at the Cisco Property. Field crews began the program at the CO1 Zone where the vendors of the Cisco Property initially sampled and drilled in 2022/2023 and have since expanded throughout the Property. To date, a total of 76 pegmatite samples collected and assayed have resulted in the confirmation of eight (8) new spodumene discoveries for a total of 15 spodumene pegmatite zones on the Cisco Property thus far.

“The sampling results have confirmed the presence of lithium in each of the 15 outcrop zones, giving us the confidence to expand our drilling in a systematic manner to the south of the recently announced holes drilled towards CO3,” said Neil McCallum, Q2 Metals VP of Exploration. “In the short amount of time that we’ve been working at Cisco, I am very encouraged by the surface and drilling results and I believe the Cisco Property is already showing signs of being an industry leading project.”

The sampling and mapping of the Cisco Property has resulted in a wide-spread group of mineralized outcrops; CO1 to CO15. The results are summarized in Table 1.

Table 1. Summary of Cisco Pegmatite Zones

The size of individual outcrops varies, from 1-2 metres (“m”) wide, up to 20 m wide. In most cases, the contacts with the bounding host-rock are not visible, being beneath till/vegetation cover. Additional work will be needed to fully understand their true surface expression and drilling is planned to test the subsurface extent of mineralization. Drill holes CS24-011 to CS24-014 (see July 3rd, 2024 press release) confirmed the continuation of mineralization between outcrop zones CO1 to CO3, and the Company is confident in continuing its drill program to the south of CO3. Surface mineralization at CO3 is characterized by 4 samples averaging 1.73% Li2O and 224ppm Ta2O5. South of CO3, lies the outcrop area CO8 characterized by 4 samples averaging 1.89% Li2O and 93ppm Ta2O5.

Figure 1. Extent of mineralized spodumene pegmatite mineralized zones at Cisco Property

Analytical results of the sampling field work has outlined a potential new area of interest located southwest of CO15, with up to 0.15% Li2O and 177ppm Ta2O5 in outcrop ( Figure 1) as well as a boulder sample located north of the CO2 reporting 0.73% Li2O. Further work will be conducted in these areas in the coming weeks to understand their significance. This brings the size of the Company’s priority area of interest to 1.1 by 3.5 km.

Many of the sampled outcrops contain anomalous geochemistry (Ta2O5 > 100ppm, Rb > 1,000ppm, Cs > 100ppm) in the absence of significant lithium and will also be a focus for follow up in the coming weeks.

Table 2. List of Analytical Results of all samples at CO1 to CO15, and other lithium enriched samples

About the Cisco Property

The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. It is located less than 10 km east of the Billy Diamond Highway, and is approximately 150 km north of Matagami, a small town that contains the closest rail link to much of James Bay. The Property lies within the greater Nemaska Community lands of the Eeyou Istchee Territory, James Bay, Quebec.

The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

Sampling, Analytical Methods and QA/QC Protocols

All rock samples collected and drill core samples were shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crush to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps will be shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples will be homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50).

A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the sampling program.

Management cautions that prospecting surface rock samples and associated results, as discussed herein, are selective by nature and therefore may not necessarily be fully representative of the mineralized horizon sampled.

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 and VP Exploration for Q2.

About Q2 Metals Corp

The Cisco lithium property is located approximately 150 km north of Matagami, Quebec, and is comprised of 222 mineral claims totalling 11,374 hectares in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

WWW.Q2Metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, that the Cisco Property is showing signs of being an industry leading project, the potential of a new area of interest southwest of CO15 and north of CO2, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

SOURCE: Q2 Metals Corp.

Q2 Metals Extends Mineralized Zone to 750 Metres at the Cisco Lithium Property, James Bay, Quebec, Canada

Highlights:

Four (4) additional holes for approximately 1,215 metres (m) have been drilled at the Cisco discovery zone (CO1 Zone) as drilling continues to the CO3 Zone, located 750 m southwest, confirming and extending previously encountered mineralization.
Drill hole CS24-011 encountered six (6) individual spodumene pegmatite intervals, for a total cumulative width of 125.1 m.
Drill hole CS24-012 encountered eight (8) spodumene pegmatite intervals, for a total cumulative width of 78.1 m.
Drill hole CS24-013 encountered twelve (12) spodumene pegmatite intervals for a total cumulative width of 120.0 m.
Drill hole CS24-014 encountered thirteen (13) spodumene pegmatite intervals for a total cumulative width of 131.6 m.

Vancouver, BC, July 3, 2024 – (ACN Newswire) – Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF)(FSE:458) (“Q2” or the “Company“) is pleased to provide an update from its 2024 exploration program at the Cisco Lithium Property (the “Property” or the “Cisco Property“) located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.

The Company commenced its 2024 drill program at the Cisco Property (the “Spring 2024 Drill Campaign”) in May, with the primary objective of confirming and expanding upon the mineralized zone where the Property vendors worked in 2023 (the “CO1 Zone”). As previously announced on June 17, 2024 the Company encountered wide intervals of spodumene-pegmatite including:

Drill hole CS24-010 which encountered five (5) spodumene-mineralized intervals that were greater than 10 m wide.
The sum of all spodumene-mineralized intervals in hole CS24-010 was 194.8 m, with the widest individual interval measuring 86.6 m.

Since then, four additional holes (CS24-011 to 014) have been completed for approximately 1,215 m and targeted the extension of the CO1 outcrop area towards the CO3 outcrop area. A total strike length of 750 m of spodumene mineralized pegmatite has now been defined and is open in all directions.

“Our Spring 2024 drill program has advanced extremely well in a short amount of time,” said Neil McCallum, Q2 Metals VP of Exploration. “Every hole drilled this campaign has intersected mineralized pegmatite and we are eager to continue to define and expand on the scale of Cisco and its potential to be a significant deposit.”

Spring 2024 Drill Campaign

The four drill holes reported on herein were primarily focused on expanding the previously intersected mineralization and suggest that the pegmatite body is trending roughly 45 to 60 degrees in a northeast-southwest direction. It should be noted that the mineralized intervals in all the holes drilled thus far are not representative of the true width and the modelled pegmatite zone is being refined with every additional hole.

The interpretation that mineralization continues between the outcrop zones CO1 to CO3 has been verified with the most recent four holes. The widely spaced holes have confirmed several mineralized spodumene pegmatite intervals over a strike length of at least 750 metres and is open in all directions along strike and at depth. This verification has implications for the possible continuation of mineralization between other mineralized intervals in the 1.1 by 1.7 kilometre (km) area.

The drill program will continue to test the mineralization along strike in either direction in the CO1-CO3 Zones. Following that, the Company intends on testing other zones that are mineralized at surface, including the CO2 outcrop area. The CO2 Zone is located approximately 1.2 km to the east of the CO1 Zone, with an outcrop area measuring 30 m wide by 100 m long.

Figure 1. Summary of Drilling at the CO1 to CO3 zones

Table 1. Summary of Spodumene Pegmatite intervals at CO1 to CO3 Zone, Cisco Property

Table 2. Summary of Drill Hole Collar Information, Cisco Property (CS24-011 to 014)

Figure 2. Extent of spodumene pegmatite mineralized zones at Cisco Property

About the Cisco Property

Sampling, Analytical Methods and QA/QC Protocols

A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the sampling program.

Qualified Person

About Q2 Metals Corp

FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
Email: info@Q2metals.com

WWW.Q2Metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Property and inferences made therefrom, the potential scale of the Cisco Property, that the pegmatite body is trending roughly 45 to 60 degrees in a northeast-southwest direction, that there is a possible continuation of mineralization between other mineralized intervals in the 1.1 x 1.7km area, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

SOURCE: Q2 Metals Corp.

Rover Appoints Thomas Powell as Technical Advisor and Community Relations Manager

Vancouver, BC, June 28, 2024 – (ACN Newswire) – Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO0) (“Rover” or the “Company“) is pleased to announce the appointment of Mr. Thomas Powell to its advisory board.

Thomas Powell

Mr. Powell is a graduate of the University of Louisville graduate with BA in Mathematics and Chemistry. 40 years specialty minerals experience focusing on specialty clays. He holds two patents: (1) IVY BLOCK clay-based poison ivy preventative; and, (2) RHEOPOUR oxidized polyethylene rheological additive for high temperature drilling fluids. From 1987 – 1990 he developed water washed HECTORITE organoclay additive based upon Franklin Wells Hectorite (IMVITONE 38H), including the marketing of truckload quantities to paint & coatings industry and drilling industry. Mr. Powell managed the IMV Nevada specialty clay mining operation in Amargosa Valley from 2006 to 2011 (now owned and operated by Lhoist North America). Mr. Powell was also the Manager of Clay Operations for Western Lithium/Lithium Americas from 2011 to 2019. He is familiar with potential markets for by-products of LITHIUM extraction from clay process. He has been an Amargosa Valley resident since 2006.

Judson Culter, CEO, states “Tom will fill an immediate need for our Community Relations Manager role in Amargosa Valley. He will also bring expertise to our exploration team once we’re ready to commence exploration drilling at our Amargosa lithium clay projects. Through our conversations with Tom, it is clear that any future exploration plans should also focus on the bentonite, hectorite, and colemanite potential of our clay projects in Amargosa. I’m also thrilled that I’ll be able to have Tom at my side as we continue to hold town hall information sessions in the Amargosa Valley.”

Paddy Moylan, President, states: “The work continues! It is great to welcome Tom to the team. Tom has a wealth of experience which will help with our forward plans. I look forward to more news flow hitting the market.”

About Rover Critical Minerals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is focussed on the permitting and exploration of the LGL project, a claystone lithium project in the Amargosa Valley of Nevada, USA.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovercriticalminerals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617

Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover’s actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this news release include information relating to Rover’s business plans, including with respect to a potential transaction involving the divestment or spin-out of the Cabin Gold Project or other similar transaction (including TSXV approval and shareholder approval for any such transaction). There can be no assurance that such statements will prove to be accurate or the terms and conditions upon which a transaction involving the Cabin Gold Project will occur or if a transaction will occur at all. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

SOURCE: Rover Critical Minerals Corp.

Anson Resources and Koch Technology Solutions Collaborate on Pilot Testing at Green River

Highlights:

Anson Resources has signed an agreement with Koch Technology Solutions for testing of a Li-Pro™ Lithium Selective Sorption (LSS) pilot unit using brine from the Green River Lithium Project.

The pilot unit will be located on Anson Resources’ 100% owned private land at Green River and process fresh brine under commercial production conditions from Bosydaba#1 well into lithium chloride, that may be used to produce battery-grade lithium carbonate.

The pilot unit results will be used for process optimisation and product verification for a proposed commercial scale plant. Results will provide important inputs for a full-scale Li-Pro™ unit within Anson Resources’ planned lithium extraction facility.

Pilot unit production is expected to commence in July 2024.

Anson Resources and KTS have agreed on a cost sharing framework involving an investment by KTS through a convertible note to cover the Green River Lithium Project piloting development.

NEWPORT BEACH, CA, June 24, 2024 – (ACN Newswire) – Anson Resources Limited (ASX:ASN) (“ Anson Resources ” or “ the Company “) is pleased to announce its collaboration with Koch Technology Solutions (“KTS”), a Koch Engineered Solutions (“KES”) company, for the commissioning of its Li-Pro™ process pilot unit for lithium extraction at the Company’s Green River Lithium Project (“Project”) in Utah, USA. The pilot will be jointly funded by Anson Resources and an investment from KTS through a convertible note as the companies work to develop a further commercial relationship.

KTS completed their detailed treatability study in May 2024 using brine from Anson Resources’ Green River Lithium Project. KTS’ testing has indicated exceptional results for lithium recovery and element rejection rates and suggests superior results to those achieved in Anson Resources’ Definitive Feasibility Study, see ASX announcement 8 September 2022 . The Company is in the process of determining any revisions to CAPEX and OPEX from the results achieved.

Through an agreement completed on 21 st June 2024, the companies will partner to expedite the commissioning of the pilot unit. Results from the pilot unit, if successful, will provide detailed feasibility engineering and cost data for deployment of the full-scale Li-Pro™ process at the Green River Lithium Project’s lithium extraction facility.

The pilot unit is expected to be operational in July 2024 at Anson Resources’ private land in Green River, Utah and will run 24 hours a day, 7 days a week for the next two to four months. The unit will process fresh brine from the Company’s Bosydaba#1 well into lithium chloride, replicating commercial production conditions. This pilot unit is in addition to Anson Resources’ operational sample demonstration plant (“SDP”) at Green River that utilises the existing flow sheet , see ASX announcement 15 April 2024. The two direct lithium extraction (“DLE”) technologies will be tested concurrently using brine from the collected during the drilling program of the Bosydaba#1. Test results of the brine collected from the Leadville Formation, Mississippian Units indicated that lower levels of contaminants, higher porosity, and higher pressure than at the Paradox Lithium Project, see ASX announcement 20 th May, 2024.

Anson Resources and KTS have agreed to a commercial arrangement whereby KTS, via a convertible note investment, helps pay for piloting, testing, and detailed feasibility engineering costs for the Li-Pro™ pilot unit at Green River (see material terms below).

If the initial pilot work is successful and if Anson Resources and KTS mutually agree to move into a commercial Li-Pro™ unit, further costs could be funded through additional investment from KTS. KTS’ Li-Pro™ process is used in other operational pilot facilities elsewhere in North America. KTS has announced that the Li-Pro™ process is being used in its commercial-scale lithium extraction demonstration plant near El Dorado, Arkansas. That plant was commissioned in April 2024 and is believed to be the largest continuously operating DLE facility in North America.

Anson Resources Executive Chairman and CEO Bruce Richardson commented:

” Anson Resources is focused on fast-tracking the development of our Green River Lithium Project. This announcement highlights our commitment to accelerating development while enhancing both Project returns and environmental credentials. Partnering with one of the USA’s preeminent technology providers, KTS, a leader in delivering commercialized lithium extraction processes, significantly reduces project risk through their advanced technology and engineering experience.

Importantly, our recent drilling work at Bosydaba#1 1 provides the ability to supply fresh brine identical to real operating conditions. This is a step-change for the Company and will allow us to super-charge development, comparing the output of the existing DLE extraction and the KTS Li-Pro™ processes to achieve the best results for our investors. The brine is slightly different to that of the Paradox Lithium Project and several USA companies have technologies that can be applied to to extract the lithium from the brine. At this stage of the Green River Lithium Project, we are looking at several technologies that can provide the company with the best outcome for extraction and the downstream purification to electric vehicle grade lithium carbonate.

The development of the sample demonstration plant provides the utilities and other infrastructure that is needed to conduct test work with technology providers, and we are delighted that KTS has agreed to locate this pilot unit at our Green River site and we look forward to a long a productive relationship. Ensuring domestic supply has been a critical focus of the Company and today’s announcement is a significant step towards Anson Resources building a commercial scale battery grade lithium carbonate plant.”

Martin Rizo – Commercial Director – Americas for KTS noted:

” Green River has the potential to become a key U.S. domestic battery grade Lithium Carbonate project. The site’s existing infrastructure and strategic location combined with A1 Lithium’s lithium extraction experience will support KTS in efficiently delivering and operating our Li-Pro™ pilot unit. KTS is excited to be a part of this significant opportunity in the U.S. domestic lithium supply chain.

About Koch Technology Solutions

KTS is the technology licensing business of Koch Engineered Solutions (KES), is a private company established in 1945. KTS creates value for its customers across a growing portfolio of technologies including direct lithium extraction, the polyester value chain, and 1,4-Butananediol plus its derivates. KTS combines its exclusive technologies, expertise, and capabilities with those of other KES companies to provide overall solutions to optimize customer’s capital investments and existing manufacturing assets.

Investor and Media Contact:
William Maze
+1 949-508-7834
investors@ansonresources.com

This announcement has been authorized for release by the Executive Chairman and CEO.

1 – See ASX announcement 20 May 2024

SOURCE: Anson Resources

Q2 Metals Intercepts Multiple Wide Intervals Including a Cumulative of 194.8 Metres of Spodumene Pegmatite in Hole CS24-10 at the Cisco Lithium Property, James Bay, Quebec, Canada

Highlights:

A total of four (4) holes for approximately 1017.1 metres (m) have been drilled at the Cisco discovery zone (CO1) confirming and extending previously encountered mineralization.
Drill hole CS24-007 intersected a total of eleven (11) individual spodumene pegmatite intervals, for a total cumulative width of 100.1 m.
Drill hole CS24-009 encountered five (5) spodumene pegmatite intervals, for a cumulative width of 117.1 m.
Drill hole CS24-010 encountered five (5) spodumene-mineralized intervals that were greater than 10 m wide. The sum of all intervals in the hole is 194.8 m, with the widest individual interval measuring 86.6 m.
Mapping & sampling program has discovered eight (8) new spodumene pegmatite occurrences. Fifteen (15) individual outcropping zones have now been uncovered across an area spanning 1.1 by 1.7 kilometres (km).

Vancouver, British Columbia–(ACN Newswire – June 17, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce an update from its 2024 exploration program at the Cisco Lithium Property (the “Property” or the “Cisco Property“) located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.

The Company commenced its 2024 drill program at the Cisco Property (the “Spring 2024 Drill Campaign”) in May, with the primary objective of confirming and expanding upon the mineralized zone where the Property vendors worked in 2023 (now referred to as the “CO1 Zone”). A total of four (4) drill holes have been completed at the CO1 Zone for approximately 1017.1 m, intersecting several wide pegmatite intervals as outlined below. All holes intercepted pegmatites with visual indications of spodumene mineralization identified.

“We added the Cisco Property to our portfolio because we believed it had district-scale potential,” said Alicia Milne, Q2 Metals President, and CEO. “We are extremely pleased with the early results of our initial exploration work and the results have validated our belief.”

The CO1 Zone has now been defined for a strike length of approximately 300 m both in outcrop and with drilling. Additional drilling will test the continuation of the mineralization at CO1 at depth to the CO3 Zone, which is located approximately 300 to 400 m to the southwest, suggesting that the mineralization could extend at least 750 m.

“The first few drill holes completed at Cisco in 2024 have far exceeded my expectations. The spodumene pegmatite intervals are continuing down dip around the previously drilled holes, and our most recent hole (CS24-010) testing the strike extension of the CO1 zone has encountered a very wide mineralized zone,” said Neil McCallum, Q2 Metals VP of Exploration. “The outcrop mapping and sampling of the region has indicated that the Cisco Property has significant potential. The possibility that several of these occurrences are linked at depth is a very significant and very real possibility that we plan to test as the field season continues.”

Figure 1 Q2 Metals VP Exploration Neil McCallum and CEO Alicia Milne on the main outcrop at CO1

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Concurrent with the drill campaign, mapping and sampling field work is also underway to provide guidance on the extent of the lithium mineralization at Cisco.

Spring 2024 Drill Campaign

The four drill holes reported on herein were primarily focused on expanding the previously intersected mineralization and suggest that the pegmatite body is trending roughly 45 to 60 degrees (in a northeast-southwest) direction. The mineralized intervals in all the holes drilled thus far are not representative of the true width and the modelled pegmatite zone is being refined with every additional hole. Future drill holes will have a modified azimuth in order to optimize the definition of the mineralization.

The pegmatite intervals (greater than 2 metres) of the holes CS24-007 to 010 are reported in detail (Table 1) together with a summary map of the drilling (Figure 2). The summary of holes completed to date which includes basic location and dip/azimuth details is included below in Table 2.

Drilling is ongoing, with the next planned hole (CS24-011) to be approximately 90 m to the southwest of hole 010.

Figure 2. Map of Drilling at Cisco Property

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Drill Hole CS24-007 (azimuth 000-north, dip -60°) collared approximately 65 m south of previously drilled holes CS23-05/06 and intersected a total of 11 individual spodumene pegmatite intervals, three of which were greater than 10 m wide, for a total cumulative width of 100.1 m. Drill hole CS23-06, drilled by the Property vendors in 2023, encountered 115.4 m at 1.40% Li2O within a cumulative width of five separate pegmatite intervals.

Drill hole CS24-008 (azimuth 000, dip -60°) collared approximately 110 m south of previously drilled CS24-04 and encountered a total of two (2) spodumene pegmatite intervals, for a cumulative width of 29.7 m.

Drill hole CS24-009 (azimuth 000, dip -50°) collared approximately 60 m west of hole 007 encountered a total of five (5) spodumene pegmatite intervals, for a cumulative width of 117.1 m.

Drill hole CS24-010 (azimuth 000, dip -88°) collared at the same location as hole 009 and encountered a total of 10 spodumene pegmatite intervals, for a cumulative width of 194.8 m. Five (5) of the spodumene pegmatite intervals were greater than 10 m wide with the widest individual interval measuring 86.6 m.

Figure 3. Spodumene pegmatite intercept from drill hole CS-24-010

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Table 1. Summary of Spodumene Pegmatite intervals at CO1 Zone, Cisco Property

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Cautionary Statement: The presence of pegmatites does not confirm the presence of lithium (spodumene or other lithium minerals). Pegmatites are fractionated coarse grained igneous rocks commonly associated with lithium mineralization; however, many pegmatites do not contain mineralization. The presence of any mineralization can only be confirmed with assaying.

The geological team has completed the core cutting and logging of hole CS24-007 to 010 and the samples have been dispatched to the SGS Canada preparation laboratory located in Val-d’Or, QC for mineral analysis to confirm the presence of lithium.

Table 2. Summary of Drill Hole Collar Information, Cisco Property

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Mapping & Sampling Field Program

Initial field work, including mapping and rock sampling, has been undertaken by the Company to provide guidance on the extent of the lithium mineralization at Cisco. The field crews started at the CO1 Zone where the vendors of the Cisco Property had undertaken sampling and drilling in 2022/2023 and have expanded throughout the Property.

In addition to the CO1 Zone, eight (8) new spodumene occurrences have been discovered for a total of 15 spodumene pegmatite zones.

To date, a total of 76 pegmatite rock samples have been collected and have been sent to SGS. The results will be reported as they are received by the Company.

Figure 4. Extent of spodumene pegmatite mineralized zones at Cisco Property

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Youdin-Rouillier Drilling of the Eeyou Istchee Territory, James Bay, Quebec is contracted to complete the diamond drilling with Dahrouge Geological Consulting Ltd. of Edmonton, Alberta managing the drill program and property-wide geological exploration.

About the Cisco Property

Sampling, Analytical Methods and QA/QC Protocols

A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the sampling program.

Qualified Person

About Q2 Metals Corp

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

WWW.Q2Metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Property and inferences made therefrom,the belief that the Cisco Property has district-scale potential, that the outcrop mapping and sampling of the region indicates the Cisco Property has significant potential and the possibility that several of these occurrences are linked at depth is a very significant and very real possibility that the Company plans to test, the possibility that mineralization at the CO1 Zone could extend at least 750 m, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

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Q2 Metals Completes Closing of Option Agreements for the Acquisition of the Large-Scale Cisco Lithium Property Located in James Bay, Quebec

Vancouver, British Columbia–(ACN Newswire – June 13, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) announces that, further to its news release on February 29, 2024, the Company has completed the closing of three individual option agreements that were each entered into on February 28, 2024, as amended on June 12, 2024 (the “Option Agreements”). Under the terms of the Option Agreements, the Company was granted the exclusive right and option to acquire a 100% interest in three groups of mineral claims collectively known as the Cisco Property, located in the southern portion of Eeyou Istchee James Bay, Quebec, Canada.

About the Cisco Property

The Cisco Property is comprised of three groups of mineral claims, the Broadback claim block, the Cisco claim block and the Ouagama claim block, collectively consisting of 222 mineral claims and totaling 11,374 hectares (“ha”) in size. It is located less than 10 kilometres (“km”) east of the Billy Diamond Highway, and approximately 150km north of Matagami, a small town that contains the closest rail link to much of James Bay (Figure 1). The Cisco Property lies within the greater Nemaska Community lands of the Eeyou Istchee Territory, James Bay, Quebec.

Figure 1. Cisco Property Claim Block Map

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The Cisco Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130km and 180km away, respectively.

Exploration work completed on the Cisco Property by the property vendors in 2022 and 2023 identified a mineralized zone and the Company’s re-assay of the six drill holes completed by the property vendors confirmed a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites:

Table 1. Results of re-analysis for the 2023 Cisco drilling

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Option Agreements

Under the terms of the three individual Option Agreements, the aggregate consideration payable for the Cisco Property is $2,400,000 cash, 60,000,000 common shares of Q2 and exploration expenditures of $12,000,000, broken down on a per Option Agreement basis as follows:

	Cash			Shares			Exploration Expenditures (on Cisco Claims)
	Broadback	Ouagama	Cisco	Broadback	Ouagama	Cisco	Exploration Expenditures (on Cisco Claims)
Closing of Agreements	$200,000	$200,000	$1,100,000	5,000,000	5,000,000	10,000,000	–
Year 1 anniversary	–	–	$500,000	5,000,000	5,000,000	10,000,000	$1,000,000
Year 2 anniversary	–	–	$400,000			10,000,000	$2,500,000
Year 3 anniversary	–	–	–			10,000,000	$3,500,000
Year 4 anniversary	–	–	–	–	–	–	$5,000,000
Total	$200,000	$200,000	$2,000,000	10,000,000	10,000,000	40,000,000	$12,000,000

Upon satisfaction of the above payments and expenditures, the Company will earn a 100% interest in the Cisco Property.

The Option Agreements received the acceptance of the TSX Venture Exchange on March 8, 2024. All securities issued to the Cisco Vendors, the Broadback Vendors and the Ouagama Venders are subject to a hold period expiring four months and one day from their date of issuance.

Cisco Claim Group

Pursuant to the terms of an option agreement between the Company and 9490-1626 Quebec Inc. (the “Cisco Vendor“) dated February 28, 2024, as amended on June 12, 2024 (the “Cisco Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 121 mineral claims (the “Cisco Claims“) from the Cisco Vendor, the Company must pay to the Cisco Vendor total consideration of an aggregate of 40,000,000 Common Shares, $2,000,000 cash and conduct $12,000,000 in exploration expenditures, over a four-year period. The Company has completed the closing of the Cisco Agreement and has made the first instalment of the cash & share consideration.

The Cisco Vendor will retain a 4% gross metals returns royalty (“GMR“) on the Cisco Claims (the “Cisco GMR“), of which up to 3% of the Cisco GMR can be purchased by the Company. At any time after the option for the Cisco Claims is exercised and prior to commercial production, the Company may repurchase the first 1% for $1,500,000, the next 1% for $3,000,000 and the Company has a right of first refusal on the next 1%. The foregoing Cisco GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company. The Cisco Vendor will also be paid a cash bonus of $2,500,000 on the completion and delivery of an initial mineral resource calculation report, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, on the Cisco Claims demonstrating an inferred resource (or higher category) of at least 25 million tonnes grading over 1% Li2O.

Broadback Claims

Pursuant to the terms of an option agreement between the Company, 9219-8845 Quebec Inc (“9219“), Steven Labranche and Anna-Rosa Giglio (the “Broadback Vendors“) dated February 28, 2024, as amended on June 12, 2024 (the “Broadback Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 24 mineral claims (the “Broadback Claims“) from the Broadback Vendors, the Company must pay to the Broadback Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000. The Company has completed the closing of the Broadback Agreement and has made the first instalment of the cash & share consideration.

9219 and Ressources Broadback Inc. have been granted a 3% GMR on the Broadback Claims (the “Broadback GMR“), of which up to 2% of the Broadback GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the next 1%. The foregoing Broadback GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

Ouagama Claims

Pursuant to the terms of an option agreement between the Company, 9219, Steven Labranche, Anna-Rosa Giglio, Trent Potts and Potts of Gold Resources Pty Ltd. (the “Ouagama Vendors“) dated February 28, 2024, as amended on June 12, 2024 (the “Ouagama Agreement“), in order for the Company to exercise the option to acquire a 100% interest in 77 mineral claims (the “Ouagama Claims“) from the Ouagama Vendors, the Company must pay to the Ouagama Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000. The Company has completed the closing of the Ouagama Agreement and has made the first instalment of the cash & share consideration.

The Ouagama Vendors have been granted a 3% GMR on the Ouagama Claims (the “Ouagama GMR“) of which up to 2% of the Ouagama GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the second 1%. The foregoing Ouagama GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

Qualified Person

About Q2 Metals Corp

The Cisco Lithium Property is located approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.

The Company’s exploration advancement at its 8,668-hectare flagship Mia Lithium Property is focused on the more than 10-kilometre-long Mia trend which is host to both the Mia 1 and Mia 2 lithium occurrences and 11 other mineralized zones along trend.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

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DynaResource Announces Offtake Extension, Credit Line Expansion and Private Placement

IRVING, TEXAS, June 8, 2024 – (ACN Newswire) – DYNR-DynaResource, Inc. (OTCQX:DYNR) (“DynaResource”, or “the Company”) is pleased to report the following update regarding the Company and its 100%-owned San Jose de Gracia high grade gold project in Sinaloa, México (“SJG”). All figures in United States Dollars (“USD”).

Ocean Partners UK Limited (“Ocean Partners”), through its 100% owned subsidiary in Mexico – MK Metals Trading Mexico S.A. de CV (“MK”), and the Company have formalized the extension of their commercial offtake agreement through December 31, 2028, and with revision of terms as per below:
- Ocean Partners agreed to provide a Temporary Additional Credit Line (“TACL”) of $4M, payable November 30, 2024;
- Ocean Partners agreed to increase the Revolving Credit Line (“RCL) from $10M to $12.5M after November 30, 2024 and following the repayment of the TACL and RCL;
- Ocean Partners to provide the Company a Put Option to convert up to $9M of the Revolving Credit Line into Common Stock at a price expected to be approximately $1.61 per share, exercisable between November 1 and 30, 2024.
The Company has agreed to issue 1,552,795 shares of Common Stock to Golden Post Rail LLC (“Golden Post”) in exchange for $2.5M USD. The Company plans to utilize the funds received from Ocean Partners and Golden Post to further expand and increase mining and milling activities at SJG, to expand the tailings storage facility, to continue exploration drilling and related exploration activities, and for general corporate purposes.

“We are pleased to receive this strong level of support from key stakeholders being Ocean Partners, our offtake partner, and Golden Post, our largest shareholder,” stated Rohan Hazelton, President & CEO DynaResource. “These funds are an endorsement of our business plans to optimize operations and increase shareholder value.”

On behalf of Ocean Partners, Brent Omland, co-CEO of Ocean Partners commented: “We are very pleased to expand our strong relationship with DynaResource and are excited to be a part of the continuing development and expansion of the world class SJG Project.”

On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & Chief Executive Officer

About DynaResource

DynaResource is a junior gold mining producer trading on the OTCQX under the symbol “DYNR”. DynaResource is actively mining and expanding the historic San Jose de Gracia gold mining district in Sinaloa, Mexico.

IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS

The Company is an “OTC Reporting Issuer” as that term is defined in Multilateral Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by various Canadian Provincial Securities Commissions. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to PL 4332389.2 mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”) applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC and not subject to Canadian securities legislation. This news release or other disclosure provided by the Company may use the terms “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, “inferred mineral resources” have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, although they may form, in certain circumstances, the basis of a “preliminary economic assessment” as that term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. U.S. investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed “forward-looking”. All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are “forward-looking information”. These statements relate to future events or future performance and reflect the Company’s expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company’s current internal projections, expectations or beliefs PL 4332389.2 and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company’s plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report for DynaResource available at http://www.sec.gov. Forward-looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, events or otherwise.

For Information on DynaUSA and DynaMéxico, please visit www.dynaresource.com, or contact:

Brad J. Saulter, DynaUSA V.P. – Investor Relations: 972-996-7417;
General Inquiries: 972-869-9400
Rohan Hazelton, DynaUSA – President & CEO

Contact Information
Brad J. Saulter
DynaUSA V.P. – Investor Relations
972-869-9400

SOURCE: DynaResource, Inc.