Announcement • Jun 05
Q2 Metals Corp Files Technical Report For Mineral Resource Estimate For Cisco Lithium Project Q2 Metals Corp. had filed the technical report titled "Mineral Resource Estimate for the Cisco Lithium Project", with an effective date of April 20, 2026 and signed June 3, 2026, on SEDAR+. The Technical Report is available on the Company's website as well as on SEDAR+ under the Company's Issuer profile. The current Inferred Mineral Resource Estimate on the Cisco Deposit outlines a pit-constrained resource of 270 Mt grading 1.36% Li2O at a 0.4% Li2O cut-off grade and an additional underground-constrained resource of 24 Mt grading 1.34% Li2O Inferred at a 0.7% Li2O cut-off grade. Together, these support a combined inferred mineral resource of 295 Mt grading 1.36% Li2O. The Cisco Deposit remains open along strike, with several additional high-priority targets identified across the broader 41,253 ha project area. The 2026 exploration program is ongoing, with a primary focus on infill drilling aimed at advancing the resource toward an indicated classification. The program also includes targeted expansion drilling and regional exploration designed to evaluate high priority targets surrounding the Cisco Deposit and across the broader project area. Announcement • Jun 03
Q2 Metals Reports Analytical Results from Winter Portion of 2026 Drill Program At Cisco Lithium Project in Quebec Q2 Metals reported analytical results from the winter portion of the 2026 drill program at the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee in the southernmost part James Bay, Quebec, Canada. On April 20, 2026, the company announced an Inferred Mineral Resource Estimate on the Cisco Project which outlined a pit-constrained resource of 270 million tonnes grading 1.36% Li2O at a 0.4% Li2O cut-off grade and an additional underground-constrained resource of 24 million tonnes grading 1.34% Li2O Inferred at a 0.7% Li2O cut-off grade. Together, these support a combined inferred mineral resource of 295 million tonnes grading 1.36% Li2O. The Cisco Deposit remains open along strike, with several additional high-priority targets in the immediate area, and high exploration potential across the broader 41,253 hectare project area. A total of approximately 10,515 metres across 19 drill holes was completed during the 2026 Winter Drill Program, with the results reported herein representing 5,909 metres of drilling over 10 drill holes. Analytical results on the remaining nine holes will be released once received. Drill hole-77 is located in the northwestern corner of the Cisco Deposit and defined 78.7 metres at 1.25% Li2O; and 107.8 metres at 1.74% Li2O and is a roughly 100 metres westward continuation of previously announced drill hole-65 that had a 179.2 metre interval of continuous mineralization that averaged 1.24% Li2O. Mineralization near the end of the hole was not expected to this extent and provides a new area for extensional follow-up drilling. Drill hole-71 successfully confirmed the main, wide mineralized zone with two main intervals of 264.6 metres at 1.84% Li2O; and 152.9 metres at 1.59% Li2O. The wider of the two was notably higher grade compared to the deposit average. The results of this hole were used in the recent Mineral Resource Estimate, where analytical results were available. Drill hole-74, located 125 metres away from hole-71, also successfully confirmed with main, wide mineralized zone with two main intervals of 202.7 metres at 1.58% Li2O; and 96.8 metres at 1.64% Li2O. The results of this hole were used in the recent Mineral Resource Estimate, where analytical results were available. Drill hole-78, located 120 metres away from hole-74, also successfully confirmed with main, wide mineralized zone with one main interval of 240.4 metres at 1.60% Li2O. The results of this hole were not used in the recent Mineral Resource Estimate. All intervals of greater than 5 metres of core-length and greater than 0.30% Li2O are included. Internal dilution of non-pegmatite material was limited to intervals of less than 5 metres. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole. The 2026 Summer Drill Program is scheduled to commence in mid-June with the four diamond core drill rigs that are currently at site. Two additional rigs will be mobilized mid-summer to enhance and accelerate the work program. The drilling is primarily intended to inform an update to the Mineral Resource Estimate as the company advances the Inferred resource toward an Indicated classification. A program of approximately 20,000 metres of infill and exploratory drilling is planned for the summer months, with priority targets of potential zones of high-grade and/or near surface mineralization within the Cisco Deposit. Prospective targets around the CO2 outcrop as well as the southern portion of the Cisco Deposit area are also planned. BBA has been engaged as lead consultant for the Preliminary Economic Assessment on the Cisco Project. The Preliminary Economic Assessment will establish the first economic benchmark for the Cisco Project by evaluating the existing Mineral Resource Estimate within a preliminary mine plan and processing flowsheet while also incorporating metallurgy test work and infrastructure studies that have been undertaken to date. It is expected that the Preliminary Economic Assessment will be published in the Fall, 2026. Announcement • May 27
Q2 Metals Corp. announced that it has received CAD 60.00275 million in funding On May 26, 2026, Q2 Metals Corp. has closed the transaction. The Common Shares and the FT Shares are subject to a hold period of four months and one day from the closing date of the Offering under applicable Canadian securities laws. The company issued 16,327,000 common shares of the company at a price of CAD 2.45 per common share for aggregate gross proceeds of CAD 40,001,150 and 5,556,000 flow-through shares at the price of CAD 3.60 per flow-through share for aggregate gross proceeds of $20,001,600 for total aggregates of CAD 60,002,750. 
