QUEBEC PRECIOUS METALS CP - CJCFF STOCK NEWS

The Cree Hunters Economic Security Board (CHESB) and 16 mining companies have jointly contributed $750,000 to the Reconstruction Initiative Forest Fires Fund 2023 (RIFFF). The fund aims to rebuild cabins destroyed by wildfires in the Eeyou Istchee James Bay territory of Quebec in 2023, where 11% of land and 60% of traplines were affected. CHESB will contribute $400,000 and provide administrative support, Newmont Éléonore will donate $50,000, and 15 other mining companies will each contribute $20,000. The reconstruction efforts will begin in 2025, complementing the Cree Trappers' Association's ongoing work.

Quebec Precious Metals (QPM) has announced encouraging preliminary results from its first drillhole at the Ninaaskumuwin lithium project in James Bay, Quebec. The company intersected a 22.9-meter spodumene-bearing pegmatite interval from 127.95 to 150.85 meters depth, with visually estimated spodumene content ranging from 3% to 50%. Previous surface samples from the discovery outcrop yielded assays between 1.10% and 3.92% Li2O. The pegmatite body dips at approximately 57 degrees north and remains open along strike and depth. The project is strategically located about 60 km north of the 'km 381' rest stop and 50 km north of the Galaxy project, which Rio Tinto is acquiring as part of their USD$6.7 billion Arcadium Lithium acquisition.

Quebec Precious Metals (TSX.V:QPM, OTCQB:CJCFF) has initiated a maiden diamond drilling program on its 100% owned Ninaaskumuwin lithium discovery in James Bay, Quebec. The program aims to test the down-dip extent of the discovery outcrop sill and potential stacked sills, with up to 1,250 m planned in 16 holes. Previous assays from the outcrop ranged from 1.10% to 3.92% Li2O.

The company also announced a non-brokered private placement of up to 12,500,000 units at $0.045 per unit, aiming to raise up to $562,500. Proceeds will fund exploration and general corporate purposes. The Ninaaskumuwin prospect is located about 40 km north of the Galaxy project, which is being acquired by Rio Tinto as part of a $6.7 billion deal.

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) congratulates Harfang Exploration on five high-grade gold discoveries near QPM's Sakami project in James Bay, Quebec. The discoveries, with assays up to 72.4 g/t Au, highlight a new structural gold trend in an underexplored area. QPM plans to:

1) Drill untested gold targets at La Pointe Extension deposit
2) Inspect priority gold and lithium targets
3) Continue collaboration with Harfang Exploration
4) Conduct a diamond drilling program (up to 1,250 m) at Elmer East lithium project
5) Perform geological mapping and geometallurgical studies

QPM received financial assistance of up to $333,306 from the MRNF for critical and strategic minerals exploration. The company's exploration claims cover 697 km² with a 23-km long gold-bearing contact between La Grande and Opinaca sub-provinces.

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:

1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.

2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.

Both transactions are subject to regulatory approval and a four-month hold period. The Shares for Services Arrangement is considered a related party transaction but is exempt from certain requirements under MI 61-101.

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:

1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.

2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.

Both issuances are subject to regulatory approval and a four-month hold period. The transactions are considered 'related party transactions' but are exempt from certain requirements under MI 61-101.

Quebec Precious Metals (TSXV:CJC, OTCQB:CJCFF) held its annual shareholders' meeting on July 16, 2024, where all resolutions were overwhelmingly approved. Shareholders elected Geneviève Ayotte, Normand Champigny, Wanda Cutler, and James Shannon as directors, and appointed KPMG LLP as auditors.

The company also announced the issuance of 1,145,000 deferred stock units (DSUs) under its DSU Plan, with 1,070,000 granted to directors and officers, and 75,000 to an employee. Additionally, QPM granted 30,000 stock options to a consultant at an exercise price of $0.10 per share, valid for two years with immediate vesting.

Quebec Precious Metals (QPM) announced on June 27, 2024, its congratulations to Ophir Metals Corp. for discovering spodumene pegmatites (lithium) near their Elmer East Project in James Bay, Quebec. Ophir's discovery lies 3.7 km northwest of QPM's Ninaaskuwumin spodumene pegmatite, where assays from nine samples revealed lithium values ranging from 1.10% to 3.92% Li2O. These findings suggest significant potential for spodumene pegmatite resources in the region. QPM plans to sample and drill its own Ninaaskuwumin spodumene pegmatite later this summer and early fall. An updated corporate presentation is available on the QPM website.

Quebec Precious Metals (CJCFF) has received financial support up to $333,306 from Quebec's Ministry of Natural Resources and Forests (MRNF) for its Elmer Est project in Northern Quebec. The support is part of the Mineral Exploration Support Program for Critical and Strategic Minerals, aimed at enhancing mineral exploration projects in Quebec. This funding will enable QPM to conduct geometallurgical studies to design an optimal treatment process and develop lithium resources discovered at the Ninaaskumuwin site. Surface assays from the site have shown lithium oxide (Li2O) values of up to 3.92%, with potential mineralization extending along a 3.8 km trend.