Quebec Precious Metals Corporation reported the results from the surface grab sampling program at the Ninaaskumuwin lithium prospect discovery, made by QPM in the fall of 2023 on its 100%-owned Elmer East project. Assay values from the nine samples from the discovery outcrop range from 1.10% to 3.92% Li2O. Based on the lithium assays and the fractionation level of the pegmatitic material, derived from the pXRF K-Rb ratios for muscovite and K-Feldspar, the surface mineralization has the potential to extend along a NW-SE 3.8 km-long trend.

QPM is planning to: perform a diamond drilling program that aims to test the down-dip extent of the sill of the discovery outcrop, and the presence of potential stacked sills; and carry out geological mapping in and around the discovery outcrop and collect additional structural measurements. The Ninaaskumuwin lithium prospects is easily accessible from the paved Billy Diamond highway located about 50 km north of the 'km 381' rest stop that can provide accommodation, catering, fuel and power. The field work and geological interpretation were performed by GeoVector Management Inc. with the assistance of ALS GoldSpot Discoveries Ltd. Grab samples taken on the surface were collected to be representative of the overall outcrop.

For each sample, its location was recorded using a high-precision GPS. The samples were bagged and tagged using a serial number and bar code provided by ALS Minerals ("ALS"). Standards and blanks were regularly inserted into the sample stream as well as sample duplicates.

The samples were delivered, in secure tagged bags, directly to the ALS laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation (PREP-31). All samples are analyzed by ICP-MS coupled with a sodium peroxide fusion (ME-MS89L) for a suite of 53 elements, including lithium.

Samples were also tested for Al, Na and Zr using four-acid digestion ICP-MS (ME-ICP-61).