GMG’s Graphene Aluminium-Ion Battery: 1000 mAh Capacity Reached and Next Steps Toward Commercialisation

Brisbane, Queensland, Australia–(ACN Newswire – February 6, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company“) is pleased to provide the latest progress update on its Graphene Aluminium-Ion Battery technology (“G+AI Battery“) being developed by GMG and the University of Queensland (“UQ“).

Notably, this update includes information about GMG’s G+AI Battery regarding:

1000 mAh Battery Cell Capacity Reached and Next Steps
Battery Technology Readiness Level
Next Steps Toward Commercialisation and Market Applications
Next Generation Battery Performance
Important Milestones for GMG’s Graphene Aluminium-Ion Battery Development

1000 mAh Battery Cell Capacity Reached and Next Steps

The Company is pleased to announce it has now produced multiple battery pouch cells with over 1000 mAh (1 Ah) capacity, as seen in Figure 1. In a recent build to confirm repeatability, the Company’s development team has built and confirmed multiple cells, all testing greater than 1Ah (1000mAh). This is a major milestone achieved to demonstrate scalability from coin cells to pouch cells, and represents the next milestone in the battery’s development, following the announcement of 500 mAh capacity in September 2023: “GMG ACHIEVES INITIAL 500 mAh GRAPHENE ALUMINIUM-ION BATTERY PROTOTYPE IN POUCH CELL FORMAT”.

Figure 1: Typical G+AI Pouch Cell Prototype

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Please see charging and discharging curve typical of the GMG’s Graphene Aluminium-Ion Battery 1000 mAh cell in Figure 2 showing a nominal voltage of 1.7 volts.

Now that GMG has successfully made multiple 1000 mAh pouch cells – it will continue to focus on making more of these batteries and then seek third party laboratory battery testing data, which GMG expects to complete in H1 2024.

Figure 2: Typical Charging and Discharging Curves

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At the same time, GMG will review a potential investment for the procurement and installation of an automated pouch cell battery pilot plant in its Richlands Australia Facility. The Pilot Plant will enable the Company to produce pouch cells for potential customers to test in battery packs for different applications. Following the successful start-up of the Pilot Plant and successful customer trials, GMG expects to pursue large scale commercial production, as seen in Figure 3.

Figure 3: Pouch Cell Scale Up Process

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Battery Technology Readiness Level

The battery technology readiness level (“BTRL”) of the Graphene Aluminium-Ion technology remains at Level 4 (see Figure 4). GMG is currently optimizing electrochemical behaviour for pouch cells via ongoing laboratory experimentation. If GMG invests, constructs and commissions a Pilot Plant it is anticipated the battery technology progress to BTRL 7 and 8 since the equipment and process to make the Graphene Aluminium-Ion batteries is the same as those employed to make Lithium Ion Batteries.

Figure 4: Battery Technology Readiness Level
Source: “The Battery Component Readiness Level (BC-RL) Framework: A technology-specific development framework”, Matthew Greenwood et al

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Next Steps Toward Commercialisation & Market Applications

The Company continues to see a broad range of applications for a completed GMG Graphene Aluminium-Ion Battery – utilising its ultra-high power-density and nominal energy density characteristics. Along with Rio Tinto, a range of global companies have confidentially expressed their interest in working with GMG in the following vertical sectors:

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Next Generation Battery Performance

GMG’s next generation Graphene Aluminium-Ion Battery performance data (as tested and calculated on coin cells), as compared to the most commonly available lithium-ion batteries, is shown below in Figure 5, with a list of its beneficial characteristics.

Performance results for the pouch cells could be significantly different and will be communicated upon successfully producing a repeatable and fully 3^rd party tested 1000 mAh+ battery pouch cell.

Figure 5: Graphene Aluminium-Ion Battery Comparative Performance Data (for coin cells)

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Important Milestones for the Battery’s Development:

Important milestones for GMG’s Graphene Aluminium-Ion Battery Development:

Month	Important Milestones in the Development of the Graphene Aluminium Ion Battery
May 2020	GMG and UQ wins Australian Research Council grant for Graphene battery development
Apr 2021	The University of Queensland and GMG kick off coin cell battery development project
May 2021	Graphene aluminium-ion battery performance data – Energy Density and Power Density
Jun 2021	Graphene aluminium-ion battery performance data – Cycle Life
Jun 2021	Significant potential battery customer market response to launch of battery
Jul 2021	Investment decision for coin cell battery development centre
Oct 2021	Construction starts for coin cell battery development centre
Oct 2021	Bosch Australia Manufacturing Solutions and GMG sign Letter of Intent
Dec 2021	Commencement coin cell battery development centre
Dec 2021	Initial coin cell batteries sent for customer feedback
Mar 2022	Initial factory acceptance testing of semi-automated prototype battery cell assembly equipment
Mar 2022	Wood Engineering and GMG Sign a Letter of Intent
May 2022	Rio Tinto and GMG sign Letter of Intent
Jun 2022	Commissioning of Pouch Cell Equipment
Jun 2022	Bob Galyen former chief technology officer of CATL joins GMG technical advisory committee.
Aug 2022	Investment decision for Phase 1 modular Graphene Production Plant
Oct 2022	Significant battery performance, cell and graphene production improvements
Dec 2022	Investment of $600k Battery Development Centre
Feb 2023	Australian Government Approval (AICIS) for production and sale of batteries.
May 2023	Battery Joint Development Agreement with Rio Tinto signed
May 2023	Battery Technology Readiness Level (BRTL) 2-3 reached
May 2023	Decision to switch to develop Pouch Cells (instead of Coin Cells)
Jul 2023	Bob Galyen former chief technology officer of CATL joins GMG board of Directors
Sep 2023	Battery Pouch Cell Prototypes Multilayered Auto-Stacker Demonstration
Sep 2023	Reaching 500 mAh capacity battery
Sep 2023	Battery Technology Readiness Level (BRTL) 4 reached
Nov 2023	Rio Tinto and GMG Partnership Video Launched
Dec 2023	Commissioning of modular Graphene Production Plant
Feb 2024	1000 mAh Capacity Reached

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

GMG’s 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the development of the Company’s pouch cell battery, that the Company will focus on making more 1000 mAh pouch cells and then seek third party laboratory battery testing, the timing of gathering third party laboratory battery testing data, that the Company will review the investment decision to procure and install an automated pouch cell battery pilot plant in its Richlands Australia facility and the potential to pursue large scale commercial production if the pilot plant and customer trials are successful, the timing of customer testing for an 1000 mAh pouch cell, that the Company will optimize electrochemical behaviour for pouch cells via ongoing laboratory experimentation, the ability of a pilot plant to help progress the Graphene Aluminium-Ion technology along the BTRL, and the potential applications for the G+AI Battery.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the Company’s focus remaining on making more 1000 mAh pouch cells, that the Company will review the investment decision to procure and install an automated pouch cell battery pilot plant in its Richlands Australia facility, that the Company may move to large scale commercial production if the pilot plant and customer trials are successful, that the Company will complete its third party laboratory battery testing in H1 2024, that the Company will be able to optimize the electrochemical behaviour of the pouch cell through laboratory experimentation, and that a pilot plant will assist in progressing its Graphene Aluminium-Ion technology along the BTRL. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will change its focus away from making more 1000 mAh pouch cells, that the Company will choose not to proceed with a pilot plant, that the Company will not proceed to customer testing and laboratory testing on the expected timeline, if at all, that the Company will not pursue large scale commercial production even if the pilot plant and customer trials are successful, that the construction of a pilot plant will not help advance the Graphene Aluminium-Ion technology along the BTRL, that the Company will not be able to optimize the electrochemical behaviour of the pouch cell through laboratory experimentation, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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Rover Appoints New President and Director

Vancouver, BC, Feb 5, 2024 – (ACN Newswire) – Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company“) is pleased to announce the appointment of a new President and Director to the Company. Further to its release of July 10, 2023, Mr. Paddy J. Moylan has been promoted from Business Development Advisor, to both Director and President of the Company.

Judson Culter, CEO at Rover Metals, states “In 2023 we saw the expansion of Rover Metals into Australia as part of our strategic growth plans with the appointment of Mr. Paddy J. Moylan as our Business Development Advisor (Australasia). Now in 2024, I am thrilled to announce that Mr. Moylan has accepted the role as President and Director at Rover. Australians are world leaders in the mining of lithium and other critical minerals. The appointment of Mr. Moylan confirms that Rover intends to be a Lithium and Critical Minerals producer.”

Paddy Moylan, President, Director

Paddy Moylan holds combined Bachelor of Commerce and Law degrees and a graduate diploma in legal practice. He has been a lawyer for over 20 years. He is a significant investor in battery metals in Australia and internationally. Mr. Moylan has developed a large network in the battery metals space as an early investor in lithium. He has successfully advised companies on project acquisition, development, divestment and corporate advisory.

Mr. Moylan says “I have been impressed with the board and Judson’s leadership over the last seven months. The market has not been positive, but we have a developing project that we are working hard on. I am excited by this opportunity, and I look forward to working hard to grow the company’s value proposition to investors and partners. I will also be focused on the value-add to the Company in terms of our project line-up and investor base. Battery Metals and Critical Minerals are the future of the mining industry. Whilst we are at the lower end of the cycle, it is the time to ensure Rover is set for success and I will have a laser like focus on doing just that. I look forward to meeting with and talking to investors as we develop Rover as a leading critical minerals company.”

The appointment of Mr. Moylan as President and Director of the Company is subject to final approval by the Toronto Venture Exchange (the “TSXV”). An updating release will be provided once the TSXV provides their acceptance.

About Rover Metals

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 has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of the U.S. and Canada.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/

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.rovermetals.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. There can be no assurance that such statements prove to be accurate. 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.

Rover Metals to Change Its Name to Rover Critical Minerals

Vancouver, BC, Jan 31, 2024 – (ACN Newswire) – Rover Metals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company“) is pleased to announce that it is changing its name to Rover Critical Minerals Corp. The name change marks the Company’s successful pivot into critical minerals exploration, a process which started in January 2022. Trading will commence under the new name on Monday February 5, 2024. The Company’s shares will continue to trade under the symbol ROVR on the TSXV; ROVMF on the OTCQB; and 4XO on the FSE.

New ISIN/CUSIP numbers reflecting the name change have been made eligible. The Company’s transfer agent, Computershare, can be contacted with any further questions. Effective Monday February 5, 2024, the Company’s will be launching a new website with a new URL of www.rovercriticalmierals.com. Officers and Directors of the Company will continue to use their existing emails and gradually migrate to new email domain over the coming months.

Judson Culter, CEO at Rover Metals, states “Management and Directors at Rover are doubling down on our pivot into critical minerals. We remain resolute in our focus on advancing the Let’s Go Lithium project in the Amargosa Valley of Nevada.”

LGL Project

The LGL project is a claystone sedimentary lithium project located in a flat playa in an ancient volcanic lakebed. The claim block, which is approximately 8,300 acres in size, includes several limestone-capped butte-like outcrop formations. As released on September 7, 2023, a successful Phase 1 surface sampling program has returned multiple high-grade surface lithium samples. The clay body, as it’s known today, is believed to have very little overburden, and at the southern boundary of the project the lithium rich clay is exposed at the surface, or above surface in butte outcrops. Project infrastructure includes hydro power lines on site, direct road access, access to the Union Pacific rail line, and the nearby town of Pahrump with a readily available work force.

LGL Property Map

Regional Geology

The project is located within the prolific southwest Nevada claystone lithium jurisdiction. LGL is located just 12 km away from the historic Franklin Wells hectorite (a rare lithium smectite mineral) deposit. Mining at Franklin Wells dates back to the 1920’s. The regional geology of the Amargosa Valley is a basin-and-range structure with the Greenwater Range and Funeral Mountains to the west and the Amargosa Desert to the east. The Greenwater/Funeral mountains are fault-controlled with narrow interior valleys and are bounded by broad, coalescing alluvial fans. The Greenwater/Funeral mountains are composed of lower Paleozoic marine and metamorphic rocks. LGL is located in a large basin of clay rich Tertiary lakebed sediments, the major host rock for the other lithium claystone deposits in the southwest Nevada lithium jurisdiction. Lhoist North America has been open pit mining the specialty clays in the area since 1974.

Later-stage company comparable claystone lithium projects in southwest Nevada include Century Lithium Corp.’s Clayton Valley project; American Lithium’s TLC project; Noram Lithium’s Zeus project, and Nevada Lithium’s Bonnie Claire project. All of the aforementioned companies are later-stage mining companies, with a NI 43-101 resource calculation.

About Rover Metals

Swiss Business Development Consultant

In May 2023, the Company hired a Switzerland, based consultant (the “Consultant”) to provide business development consulting services in the key mining markets of England, France, Germany, and Switzerland. The Consultant’s roles and responsibilities include traveling through-out central Europe representing the Company at mining events. Further to its release of May 26, 2023, the Company is issuing 150,000 common shares in the Company for services provided by the Consultant. The Consultant is independent (arm’s length) to the Company. The share-based payment is for the payment of consulting services for the period of October 1st to December 31st, 2023. The Company has received approval from the Toronto Venture Exchange to make the issuance, pursuant to the common shares bearing the standard four-month regulatory hold period from the date of issuance.

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.rovermetals.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

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 Metals Corp.

GMG Provides Commercialisation Update on Energy Savings Coating THERMAL-XR(R)

Brisbane, Queensland, Australia–(ACN Newswire – January 30, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to provide a business update on the commercialisation progress of THERMAL-XR® powered by GMG Graphene.

Nu-Calgon Launches CoolWorx® (THERMAL-XR®) in USA:

The Company is proud to announce Nu-Calgon has held its official launch of the CoolWorx® powered by GMG Graphene in the USA at the AHR Expo, one of the largest expositions for the Heating, Venting, Air-Conditioning and Refrigeration (HVAC-R) industry in North America, with over 1,600 HVAC-R manufacturers exhibiting their products and services to more than 50,000 visitors in Chicago, USA, from the 22^ndto 24^th January 2024.

The product was launched under the new joint brand name “Nu-Calgon CoolWorx® powered by GMG Graphene” – as seen in Figure 1.0. The joint brand was in line with GMG’s PRODUCT COMMERCIALISATION PROCESS, CORPORATE GROWTH & CHANNEL STRATEGY outlined in the Company’s announcement on the 6^th September 2023.

Figure 1.0 “Nu-Calgon CoolWorx® powered by GMG Graphene Brand” Joint Brand for THERMAL-XR® Coating.

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THERMAL-XR® Canada Approval:

The Department of Environment and Climate Change Canada (ECCC) has noted that THERMAL-XR®, powered by GMG Graphene, is approved for import and use within Canada. This paves the way for Canadian businesses, operating in HVAC-R industry, to access this cutting-edge coating solution through our North American Distributor Nu-Calgon.

THERMAL-XR® USA Approval:

THERMAL-XR® is progressing through the USA Environmental Protection Agency’s (EPA) approval process to import and sell in the USA. All the required documentation has been submitted, and the EPA has assigned a case number as part of the thorough evaluation of the product’s safety and environmental impact. The Company believes the anticipated approval will be received in Q1 2024.

GMG’s Managing Director and CEO, Craig Nicol, commented: “I am very excited to see Nu-Calgon officially launch the product at the Chicago AHR Expo and also to see the Canadian Government approve THERMAL-XR® powered by GMG Graphene for importation and sale in Canada. The Company is expecting the USA EPA approval in short order and then after this we can start selling into the largest HVAC-R coating market in the world – the United States of America with our distributor partner Nu-Calgon.”

GMG’s 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING

About GMG www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the impact of the ECCC approval of THERMAL-XR®, the ability of Canadian businesses in the HVAC-R industry to acquire THERMAL-XR®, the Company’s progression through the EPA approval process to import and sell THERMAL-XR® in the United States, and its expectations regarding when EPA approval will be received.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions relating to the Company’s belief that ECCC approval will pave the way for Canadian businesses in the HVAC-R industry to acquire THERMAL-XR® from Nu-Calgon, that the Company will be successful in its EPA application to approve THERMAL-XR® for import and sale in the United States, and that the Company will receive the EPA approval in the first quarter of 2024. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the ECCC approval will not pave the way for Canadian businesses in the HVAC-R industry to acquire THERMAL-XR® from Nu-Calgon, that the Company will not receive EPA approval for the sale and import of THERMAL-XR® in the United States on the expected timeline, if at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 12, 2023 available for review on the Company’s profile at www.sedarplus.ca.

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Q2 Metals Commences its 2024 Winter Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada

Highlights:

The 2024 winter drill campaign at the Mia Lithium Property is targeting 4,000 m with potential to expand the campaign.
Two (2) drill rigs will be utilized for the Winter Drill Program.
Core assay results remain to be reported for 31 drill holes from the Company’s inaugural drill program in the fall of 2023.

Vancouver, British Columbia–(ACN Newswire – January 22, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce it has commenced its 2024 winter drill program (“Winter Drill Program“) at its wholly owned, 8,668-ha Mia Lithium Property (the “Property“) located in the Eeyou Istchee James Bay Territory of Quebec.

The first hole of the Winter Drill Program was collared on January 18^th and drilling has started at the west end of the more than 10-kilometre-long Mia Lithium Exploration Trend (the “Mia Trend“) which is located 22 km from the Billy Diamond Highway, proximal to major hydro-powerline and all-season road infrastructure.

“We anticipate a busy year ahead, starting with our Winter Drill Program which will assist us in gaining a deeper understanding of the Mia property and the 11 mineralized zones identified within the more than 10-kilometre-long Mia Trend,” said Q2 Metals President and CEO Alicia Milne.

It is anticipated that the Winter Drill Program will consist of at least 4,000 metres, with potential to expand the campaign. The objective of the Winter Drill Program is to expand the subsurface pegmatite zone at the MIA 1 and MIA 2 zones and test the other new mineralized discoveries along the Mia Trend.

The Company’s inaugural drill program commenced in the fall of 2023 and concluded mid-December 2023 with a total of 31 holes drilled along the Mia Trend for approximately 5,601 metres. Through its 2023 mapping and sampling programs, the Company defined a total of 11 spodumene pegmatite mineralized zones along the Mia Trend of which only seven zones have been drill-tested. Two additional prospective LCT-style pegmatite trends (Bruce Trend and Lady Trend) were identified on the Property and initial mapping and sampling programs will commence on both new trends in the spring of 2024.

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 of Q2.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration at the more than 10-kilometre-long Mia Trend on its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to both the MIA 1 and MIA 2 lithium occurrences as well as 11 confirmed mineralized zones. 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.

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 of Queensland, Australia. The Big Hill Gold Project is host to 54 high-grade historical gold mines.

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

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 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 completion of the NSR buy-back and termination on the terms stated or at all,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.

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Global Advanced Metals Declared Conformant to Minerals Due Diligence Audit Standard for 14 Consecutive Years

BOYERTOWN, Pa., Jan 18, 2024 – (ACN Newswire) – Global Advanced Metals Pty Ltd (GAM), a leading producer of tantalum powders and metallurgical products, has successfully undergone conflict minerals due diligence audits by the Responsible Minerals Assurance Process (RMAP) of the Responsible Minerals Initiative (RMI).

GAM has achieved another milestone in the furtherance of its leadership role in due diligence and responsible minerals trade: following September 2023 audits, RMAP-RMI has determined GAM Aizu, Japan and Boyertown-Pennsylvania, USA facilities conformant to its audit standard for 14 consecutive years.

To earn RMAP conformance status, a company must successfully undergo a rigorous third-party audit of its smelting operations. The audit includes validating evidence of: adherence to the 5-steps Due Diligence Guidance of the Organization for Economic Cooperation and Development (OECD), acceptable reasonable country of origin evaluation, mine of origin and chain of custody documentation, and verification of scrap sources among other criteria.

“These successful audits put GAM in a unique position to continue driving responsible business practices throughout its supply chains. We will continue working with industry, government and civil society partners to maintain verifiable mine-to-market channels for responsibly sourced minerals,” said Jean-Paul Meutcheho, GAM Director of Sourcing and Corporate Sustainability-ESG.

The RMI-RMAP conflict-minerals due diligence audit program is led and supported by a cross section of industries (e.g., Electronics, Aerospace, and Automotive), governments, and other stakeholders. Downstream companies rely on the conformance of smelters like GAM to comply with Section 1502 of the US Dodd-Frank Act, EU conflict minerals regulations, and other applicable conflict-free minerals’ regulations.

“GAM leadership role in minerals due diligence together with its Safety Health and Environment—SHE excellence (OSHA VPP certification of our US facility) are key components of its corporate Environmental Social and Governance—ESG program. GAM issued its first ESG-Sustainability Report Update (https://globaladvancedmetals.com/wp-content/uploads/2023/06/GAM-ESG-Update_May-12-2023-v11A.pdf) in May 2023 and will continue to strive for the adoption and implementation of responsible business practices throughout its global operations,” said Andrew O’Donovan, GAM CEO.

About GAM

A leading conflict-free tantalum producer, GAM has exclusive rights to the world’s largest industrial resources of tantalum ore located in Western Australia.

GAM produces conflict-free tantalum powders and metallurgical products at its Pennsylvania, USA and Aizu, Japan plants for a range of industries including electronics, aerospace, automotive, medical and chemical processing.

GAM’s smelting facilities in Japan and the USA were first declared “Conflict-Free” in 2010 under the former EICC/GeSI Conflict-Free Sourcing Initiative (CFSI) audit program and continue to maintain their conformance to the current (RMAP) standard.

About RBA, RMI and RMAP

The Responsible Business Alliance—RBA was formerly known as the Electronic Industry Citizenship Coalition—EICC, The Responsible Minerals Initiative (RMI) was formerly known as the Conflict Free Sourcing Initiative—CFSI, and The Responsible Minerals Assurance Process—RMAP was formerly known as the Conflict Free Smelter Program—CFSP.

Contact Information
Jean-Paul Meutcheho
jmeutcheho@globaladvancedmetals.com

Doubleview Reports New Discovery: Gold Rich Zone Within the South Lisle Zone – Drill Interval of 405m of 0.21 g/t Gold (0.84% CuEq) That Extends the Main Lisle Deposit by 240 Meters

Vancouver, British Columbia–(ACN Newswire – January 16, 2024) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the “Company or “Doubleview”) is pleased to announce drilling has extended the Lisle deposit 240m south, resulting in the discovery of the Company’s highest gold grades to date at its polymetallic Hat porphyry project, located in the Golden Triangle of northwestern British Columbia, Canada.

Drill holes H060, H061, H062 and H063, as shown in Figures 1 and 2, expand the Lisle Deposit by additional 240m to the south, called the Gold Rich Zone. This zone will increase the volume of mineralization that will be included in the maiden resource estimate which is being prepared by an independent engineering group and is expected in Q1 of 2024.

The South Lisle zone now extends the Main Lisle zone for 360m, please refer to the Company’s news release dated October 24^th 2023, and further more assays are pending for this Gold Rich Discovery zone.

Drill hole H063 marks the highlight of this group of drill holes with 0.21 g/t gold over 405m. The interval represents almost the entire drill hole. Remarkably, the Gold Rich Zone continues assaying similarly high values for scandium as in other parts of the deposit, in this case 25.5 g/t over 405m. With drill holes H061 to H063 the Company tested a lower zone of an IP anomaly. Notably, the assay results suggest a continuation of the deposit.

The following Table 1 shows numerous high-grade gold samples within the named drill holes, continuing to demonstrate the richness of this porphyry deposit. Remarkably, within H063 is the highest yet assayed gold drill sample of the project with 18.4g/t gold over 1m which is closely followed by a second 13.4 g/t gold sample over 1m. Cobalt strongly shows with 0.233% and 0.198% respectively, and copper assays values 1.87% and 1.95% to these samples.

DDH	From (m)	To (m)	Interval (m)	Ag (ppm)	Au (ppm)	Co (ppm)	Cu (%)	Sc (ppm)
H060	74.7	76	1.3	3.51	1.88	201.0	0.55	32.6
H060	76	77	1	1.39	1.82	1095.0	0.20	16.7
H060	81	82	1	0.34	3.50	220.0	0.04	29.9
H060	204	205	1	0.27	1.93	92.9	0.19	56.7
H060	217	218	1	0.8	1.00	1365.0	0.81	28.1
H060	370	371	1	2.33	1.56	409.0	2.29	17.1
H060	371	372	1	1.7	1.04	620.0	1.71	16.3
H060	382	383	1	1.78	1.63	295.0	2.42	23.1
H061	170	171	1	1.17	1.66	620.0	0.47	15.2
H061	181.8	183	1.2	0.28	2.61	136.5	0.99	18.7
H061	380.2	381.2	1	1.34	1.12	165.5	1.05	26
H062	63	64	1	27.8	4.01	284.0	4.42	16.2
H062	77	78	1	2.12	1.02	195.0	0.45	42
H062	397.95	399.5	1.55	0.37	2.44	57.1	0.07	22.3
H062	489	492	3	2.42	1.96	288.0	0.55	19.9
H063	279	280.8	1.8	0.45	1.06	88.5	0.12	21.3
H063	300	302	2	0.09	1.35	138.5	0.03	25.7
H063	302	303	1	1.37	18.4	2330.0	1.87	4.8
H063	304.1	306.15	1.95	0.19	2.11	260.0	0.10	14.8
H063	319.5	320.5	1	3.49	13.4	1975.0	1.95	5.1
H063	320.5	321.5	1	1.33	2.38	161.5	0.60	18.8
H063	327	330	3	1.49	2.12	108.5	0.60	28

Table 1. Gold rich samples of drill holes H060 to H063

Mr. Shirvani, President & CEO of Doubleview, commented: “The Hat project continues to deliver high values of its principal metals, copper and gold, with strong support from critical metals cobalt and scandium. It is compelling to observe how the deposit evolves when new drill data gets analyzed and how the different zones that we are discovering, add to the evolution of the Hat polymetallic porphyry deposit. I am very much looking forward to receiving additional assay results currently undergoing analytical analysis, followed by the receipt of the resource estimate and to joining our team in planning the 2024 season that will include further investigation of the newly expanded Gold Rich Zone.”

DDH	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)	CuEq (%) incl Sc₂O₃
H060	24.0	697.0	673.0	0.20	0.09	7.5	0.09	28.2	0.84
Incl.	74.7	82.0	7.3	1.67	1.36	42.5	0.26	23.9	1.83
And	199.0	388.0	189.0	0.25	0.12	9.2	0.11	29.0	0.91
Incl.	323.6	388.0	64.5	0.42	0.17	12.0	0.24	30.5	1.09
And	368.0	436.8	68.8	0.38	0.17	12.2	0.23	29.0	1.05
Incl.	369.0	388.0	19.0	0.80	0.44	22.9	0.62	30.8	1.64
Incl.	369.0	376.0	7.0	1.32	0.76	28.5	1.08	27.2	2.16
H061	9.0	624.0	615.0	0.11	0.05	5.2	0.03	25.3	0.69
And	29.6	149.0	119.4	0.23	0.10	7.1	0.06	31.2	0.89
And	380.2	381.2	1.0	1.34	1.12	16.6	1.05	26.0	2.27
H062	9.0	495.0	486.0	0.21	0.10	5.8	0.05	28.1	0.81
Incl.	56.4	130.0	73.6	0.75	0.19	7.5	0.15	39.0	1.21
Incl.	56.4	103.0	46.6	1.08	0.22	7.6	0.21	39.9	1.31
Incl.	56.4	64.0	7.6	5.32	0.93	13.3	0.93	32.7	2.23
Incl.	63.0	64.0	1.0	27.80	4.01	28.4	4.42	16.2	6.85
And	398.0	402.0	4.1	0.31	1.26	6.0	0.07	25.9	1.48
H063	9.0	414.0	405.0	0.23	0.21	8.0	0.07	25.5	0.84
Incl.	68.6	179.0	110.4	0.45	0.12	12.2	0.11	29.6	0.93
And	277.4	336.0	58.60	0.28	1.00	13.60	0.14	19.5	0.80
Incl.	297.0	306.2	9.2	0.27	3.00	40.2	0.27	20.2	2.74
And	302.0	330.0	28.0	0.48	1.78	22.3	0.25	16.7	1.81
Incl.	302.0	303.0	1.0	1.37	18.40	233.0	1.87	4.8	14.07
Incl.	319.5	330.0	10.5	0.97	2.25	26.6	0.44	22.9	2.42
Incl.	319.5	320.5	1.0	3.49	13.40	197.5	1.95	5.1	10.92

Notes:
– Metal equivalents should not be relied upon for future evaluations.
– Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:
– *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)
– Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g
– Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Table 2. shows assay intervals of drill holes H060 to H063

Figures 1 and 2 illustrate vertical projections of drill holes H060 to H063 of the Gold Rich Zone.

Figure 1. Section along the drill holes

To view an enhanced version of this graphic, please visit:
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Drill Hole ID	UTM – East	UTM – North	Elevation	Max-Depth	Azimuth	Dip	Area
H060	347,866	6,453,619	938.8	613.5	350	-70	Lisle South
H061	347,866	6,453,619	938.8	642.0	90	-65	Lisle South
H062	347,866	6,453,619	938.8	495.0	180	-70	Lisle South
H063	347,866	6,453,619	938.8	420.0	180	-55	Lisle South

Table 3. Drill Hole Data

Figure 2. Drill Plan

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Scandium:

Scandium is one of the rarest critical metals group deemed “critical metals” by the Canadian and American federal governments.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview’s core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER 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.

Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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Persistence Resources Group Ltd Lists on Main Board of SEHK

HONG KONG, 22 Dec 2023 – (ACN Newswire) – Persistence Resources Group Ltd (“Persistence Resources” or the “Group”), the third largest gold miner1 in Shandong Province, China, has listed on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today, under stock code 02489.

The Group plans to expand its mineral resources and increase the gold concentrate processing capacity of its ore processing plant by acquiring high-quality gold mining assets. It will use 55.0% of net proceeds from the global offering for the selective acquisition of gold mining assets; 20.4% for further construction of mining infrastructure; and 12.6%, 10.0%, and 2.0% for the repayment of existing bank loan guarantees, working capital, and additional exploration activities to upgrade gold reserves, respectively.

This global offering represents a milestone for the Group’s entry into the Hong Kong capital market. Looking ahead, the Group will actively seize growth opportunities in the gold mining market leveraging Hong Kong’s international capital platform and the brand value brought by the listing, continuously improve its technology and operation management capabilities, and enhance its competitiveness in the market, so as to become a benchmark for gold companies in Yantai, Shandong Province, and reward its shareholders and investors.

Photo captions

Photo 1

Dr. SHAO Xuxin, Chairman, Executive Director and Chief Executive Officer (left), and Mr. MACKIE James Thomas, Executive Director (right) of Persistence Resources strike the gong together, marking the official listing of the Group on the Main Board of SEHK

Photo 2

Dr. SHAO Xuxin, Chairman, Executive Director and Chief Executive Officer deliver the speech

Persistence Resources Group Ltd

The Group is a gold exploration, mining and processing company established in 2005. It owns two gold mines in Yantai City, Shandong Province, China, mining infrastructure such as mineral processing plants and a tailings dam. It sells gold bullion made from gold concentrates that it processes in-house. According to a Frost & Sullivan report, the Group was the third largest gold mining company in Shandong Province in 2022 in terms of mine production volume, with a market share of 2.6%.

Media Enquiry
Strategic Financial Relations Limited
Vicky Lee, +852 2864 4834, vicky.lee@sprg.com.hk
Christina Cheuk, +852 2114 4979, christina.cheuk@sprg.com.hk
Iris Fan, +852 2864 4817, iris.fan@sprg.com.hk

QMC Welcomes Canada’s New EV Mandate

Vancouver, British Columbia–(ACN Newswire – December 21, 2023) – QMC Quantum Minerals Corp., (TSXV: QMC) (FSE: 3LQ) (OTC Pink: QMCQF) (“QMC” or “the Company”) praises the Canadian Government’s new Electric Vehicle Availability Standard (“EV Mandate”) announced on December 19. The EV mandate revealed by Honourable Steven Guilbeault, Minister of Environment and Climate Change, will gradually increase the number of zero-emission vehicles (“ZEVs”) until they account for 100% of new car sales in 2035, thereby eliminating the sale of conventional internal combustion vehicles in Canada. The Canadian Federal Government will also invest $1.2 billion to build 84,500 chargers across the country by 2029, expanding the infrastructure. Automotive and battery manufacturers, such as Northvolt, Volkswagen and Stellantis, have already invested more than $34 billion toward establishing a battery supply chain in Canada.

With the need to supply lithium, copper and other critical minerals to meet battery and automotive manufacturing needs, the Company is strategically positioned to supply material from its Irgon Lithium Mine, Rocky Lake and Rocky-Namew Lake projects.

PROJECT HIGHLIGHTS:

Historic Resource: Between 1953 and 1954, the Lithium Corporation of Canada Limited (“LCOC”) reported a historical resource estimate on the Irgon Dike of 1.2 million tons grading 1.51% Li₂0 over a strike length of 365 metres and to a depth of 213 metres. This historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for LCOC (Manitoba Assessment Report No. 94932). This historical resource estimate is believed to be based on reasonable assumptions and both the Company and QP has no reason to contest the document’s relevance and reliability.
Existing Underground Development: During 1956/1957 a complete mining plant was installed, and since removed, on site designed to process 500 tons of ore per day and a three-compartment shaft was sunk to a depth of 74 metres. On the 61-metre level, lateral development was extended off the shaft for a total of 366 metres of drifting from which six crosscuts transected the dike.
Excellent Historic Recoveries: Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li₂O was obtained.
Excellent Local Infrastructure: The Irgon Property is transected by Manitoba Highway 314 with access to hydro, water, nearby rail head and is located only 20 kilometres north of the Sinomine Rare Metal Resources Group’s TANCO Mine which is currently mining spodumene and producing a lithium concentrate on site.
Pending NI 43-101 Report: A NI 43-101 technical report is nearing completion which will update the historical lithium resource to current NI 43-101 standards.

The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Daniel Leroux, P. Geo. who is a qualified person as defined by National Instrument 43-101.

About the Company
QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop precious, base and rare metal resource properties of merit. The Company’s properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba.

On behalf of the Board of Directors of

QMC QUANTUM MINERALS CORP.

“Balraj Mann”
Balraj Mann
President and Chief Executive Officer
604-601-2018

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

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Q2 Metals Drills Significant Continuous Spodumene-Bearing Pegmatite Zones at the Mia Lithium Property, James Bay Territory, Quebec, Canada

Highlights:

Drilling at the MIA 1 Zone has defined multiple stacked continuous shallowly-dipping spodumene-bearing pegmatite bodies.
The potential of the MIA 1 Zone is demonstrated by drill holes MIA23-008 and MIA23-011 with aggregate core intervals of 17.17 m and 31.8 m, respectively, of mineralized pegmatite over several intervals.
There has been sufficient drilling at the MIA 1 Zone that models approximately 250 m long (north-south) by 90 m wide (east-west) and 8-to-10 m thick (core length) and is interpreted to be up to 300 m wide, open to the north, west and extending eastward towards the MIA 2 Zone.
Drilling at the Carte Zone has defined two stacked shallowly-dipping spodumene-bearing pegmatite bodies with the near-surface pegmatite body ranging in thickness between 3.4 and 7.3 m (core length).
A total of 31 holes, for approximately 5,601 metres was completed over the Mia Trend this fall.
The Mia Trend covers approximately 10 km of the Mia Property. During the fall mapping program, nine (9) additional pegmatites were identified that contained visual spodumene. The multiple mineralized zones defined along the Mia Trend will be drill tested in 2024.

Vancouver, British Columbia–(ACN Newswire – December 20, 2023) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to provide an update on its inaugural drill program at its wholly owned, 8,668-ha Mia Lithium Property (the “Property“) located in the Eeyou Istchee James Bay Territory of Quebec. The current target drill area is the approximately 10-kilometre-long Mia Lithium Exploration Trend (the “Mia Trend“) which is located 22 km from the Billy Diamond Highway, proximal to major hydro-powerline and all-season road infrastructure.

“The fall drill program at the Mia Property has provided meaningful intercepts demonstrating connectivity along the Mia Trend. Our team has done an excellent job on the ground and were able to drill significant meterage considering the delays getting on the ground due to the fires this summer,” commented Alicia Milne, President, CEO, and Director of the Company. “The drill program has progressed well, and we look forward to providing further updates as assays are received.”

The inaugural drill program began on October 23, 2023, and has now concluded for winter freeze-up. A total of 31 drill holes were completed on the Mia Trend for approximately 5,601 metres (Figure 1). One drill rig was used to test the main MIA 1, 2 & 3 zones (17 holes) while the other rig tested the Carte Zone (eight holes) and the greater Mia Trend (six holes at zones MIA 7,8 & 9).

The work completed at the MIA 1 Zone (Figure 2) successfully traced the shallowly-dipping pegmatite between the southern fence of holes (MIA23-003/005/006/001) and the northern fence of holes (MIA23-021/024), for a north-south distance of 250 m and an east-west distance of approximately 90 m. Initial interpretations suggest that the same pegmatite bodies may extend eastward toward holes MIA23-014/016A at the MIA 2 Zone for an east-west distance of 300 m. The other mineralized bodies located vertically above will require additional work to model.

Drilling at the Carte Zone, which is at the eastern end of the 10 km Mia Trend, has defined two shallowly-dipping pegmatite bodies (Figure 4). The near-surface pegmatite body ranges in thickness between 3.4 and 7.3 m (core length).

The geological team has completed the processing of all 2023 drill holes, and the samples have been dispatched to the lab for analysis. The preliminary pegmatite intervals of each drill hole are reported in Table 1 and the basic location and dip/azimuth details are also included below in Table 2.

The presence of spodumene in drill core is based primarily on visual identification, and a portable LIBS (Laser Induced Breakdown Spectroscopy) analyzer was used to confirm the presence of lithium, which strongly suggests the presence of spodumene. There are drill holes that have intersected pegmatite without visual identification of spodumene however, analytical results will ultimately confirm the presence of lithium mineralization.

Initial mineralogical work by SGS Canada Inc. in the form of X-Ray Diffraction (XRD) from the MIA 1 and Carte zones collected during the June 2023 sampling program has confirmed that lithium mineralization is 100% and 99.4%, respectively, dominated by the mineral spodumene.

Core sample analytical results for the Fall 2023 drill program are anticipated to be received over the course of the next 2-3 months, subject to laboratory turn-around times.

The winter drill program will commence in late January 2024. A winter access trail, approximately 30 km in length, has been opened which extends site access from the Wemindji Road to the entire Mia Trend. The winter access trail will improve access to the Mia Trend and will reduce drilling costs significantly due to less reliance on helicopters.

The winter drill program will be designed to expand the subsurface pegmatite zone at the MIA 1 and MIA 2 zones, define the extent of the Carte Zone and test the other mineralized zones along the Mia Trend. The ground sampling program in September 2023 defined 11 mineralized zones along the Mia Trend and to date, only seven zones have been drill-tested. It is anticipated that the 2024 drill program will consist of at least 4,000 metres and may be upsized if results continue to be positive.

The Company remains well funded with in excess of $9 million in treasury and is focused on advancing new lithium pegmatite discoveries at the Property.

Table 1. Pegmatite Interval Summary

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Figure 1. Property-Scale Summary Map

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Figure 2. Summary Map of Drilling at the MIA 1,2 &3 zones

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Figure 3. Summary Map of Drilling Along the Mia Trend

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Figure 4. Summary Map of Drilling at the CARTE Zone

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Figure 5. Core Photograph of Drill Hole MIA 23-011, at the MIA 1 Zone

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Table 2. Summary of Holes Completed to Date

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NSR Buy-back and Termination Completed

Further to the Company’s news release on November 2, 2023, the NSR buy-back from 9219-8845 QC Inc. (“CMH“), and its subsequent termination has been completed. The 2% Net Smelter Production Royalty (“NSR”) held by CMH on certain claims was acquired for $888,400 and the issuance of 1,400,000 common shares, at a deemed price of $0.544 per share. The common shares are restricted from trading until April 20, 2024.

Following the termination, the Mia Property has a 1% NSR on all claims, held by Lithium Royalty Corp., as well as an additional 1% NSR on 28 claims, held by Franco-Nevada Corporation.

Qualified Person

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration at the 10-kilometre-long Mia Trend on its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to both the MIA 1 and MIA 2 lithium occurrences as well as multiple mineralized zones. 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.

Q2 also holds the highly prospective Big Hill and Titan gold projects covering approximately 110 km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia. The Big Hill Gold Project is host to 54 high-grade historical gold mines.

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

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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 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 completion of the NSR buy-back and termination on the terms stated or at all, 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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