Quebec Precious Metals Corporation announced that high priority lithium targets have been identified following a detailed lithium targeting study (the "Study") on all of its exploration projects (1,298 claims covering 676 km2, 100% owned) performed by ALS GoldSpot Discoveries Ltd. ("ALS GoldSpot"), located in the Eeyou Istchee James Bay territory in Quebec. The Study began in the spring. Target generation was undertaken by an exhaustive compilation, extraction and integration of geochemical, geophysical and geological data using geoscience expertise coupled with ALS GoldSpot's proprietary data analytics workflows.

The high priority targets were generated using a total of 52,289 rock samples and 8,278 sediment (soil and till) samples. All pegmatite samples will be assayed with the analytical method ME-MS89L (+ME-MS81D for Al, Zr and Sc). Increased exposure to lithium In addition to the lithium targets identified on its own projects, QPM owns 12 million shares of Champion Electric Metals Inc. ("Champion Electric").

These shares are currently valued at approximately $1.4 M and were received following the acquisition by Champion Electric in 2022 of the Blanche and Charles project located nearriot Battery Metals' lithium discovery on its Corvette project. Champion Electric controls 1,036 claims covering 529 km2 in the lithium-rich James Bay region and is currently carrying out an extensive surface exploration program.