Quebec Precious Metals Corporation announced that it has started its prospecting program on high priority lithium targets at all its exploration projects (1,298 claims covering 676 km2, 100% owned) located in the Eeyou Istchee James Bay territory, Quebec. The prospecting work follows the identification of high priority targets as part of a study performed by ALS GoldSpot Discoveries Ltd. ("ALS GoldSpot"). This work includes sampling of all outcropping pegmatites located at a distance of approximately 8 km or more from Harfang Exploration Inc.'s discovery announced on September 13, 2023 of spodumene (lithium) in pegmatite dykes at Serpent-Radisson.

The work is being carried out by an experienced team of professionals of GeoVector Management Inc, based in Nepean, Ontario and with the guidance of ALS GoldSpot. QPM is planning to collect several hundred samples on its projects. The drilling campaign for gold at Sakami is scheduled to begin in November.

Normand Champigny, Eng., Chief Executive Officer of the Company, and Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared and reviewed the content of this press release.