Quebec Precious Metals Corporation announced the results of the drilling program completed at the end of 2023 at the La Pointe Extension gold deposit. The deposit is located on the Corporation's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The drilling program was designed to test the higher-grade portion of the La Pointe Extension deposit that could be amenable to open pit mining.

The drill intersections are: Hole PT-21-196: 0.83 g/t Au over 80.4 m including 2.37 g/t Au over 12.2 m. Hole PT-21-197: 1.18 g/t Au over 43.2 m including 3.86 g/t Au over 8.0 m. These holes confirm the continuity of the sub-vertically dipping higher-grade core of the deposit (500 m strike length, a depth of 400 m with an estimated average true thickness of 40 m, up to 66 m) in the central part of the deposit. The two holes, totaling 732 m, intersected strongly silicified paragneiss that characterizes the mineralized zone with the presence of disseminated arsenopyrite and pyrite. Both holes ended in mineralization.

This modest drill program demonstrates a widening of the mineralized zone which validates further drilling at the La Pointe Extension deposit. Quality Assurance/Quality Control. Top-to-bottom core sampling was conducted for the drill program; sample lengths typically ranged from 0.5 to 1.5 m. Core was split in half using a hydraulic core splitter capable of splitting pieces up to 12 cm-long.

Core technicians were instructed to clean dust and core fragments from surfaces inside the splitter between samples, in order to mitigate sample contamination. Half of the core was submitted to ALS Global for geochemical analyses. The other half of the core was retained in core boxes for future reference.

QA/QC materials were inserted in every 25 samples in the sample stream. These samples alternated between blank material, to test for possible gold contamination between samples, and certified reference materials (CRMs), to test for analytical accuracy within the sample batch. Gold CRMs for this program were sourced from OREAS North America Inc., and include a low-grade standard (OREAS-231: known value of 0.542 g/t Au), and higher-grade standard (OREAS -238: known value of 3.03 g/t Au).

All inserted QA/QC samples from this drill program returned analyses within the tolerance limit for each certified value. Each core sample was packaged in a secured sample poly bag with corresponding sample number and tag. Samples were sequentially grouped in batches of 5-10 samples and sealed in large 'rice' bags.

As part of the chain of custody protocols, signing and maintenance of tracking logs is performed and receipts when samples are shipped from the project site. They have reviewed and approved the technical information contained in this press release.