QUEBEC PRECIOUS METALS CP - CJCFF STOCK NEWS

GoldSpot Discoveries Corp. and Quebec Precious Metals Corporation report significant findings at the Elmer East project in Quebec, highlighting a 4.5 km long gold-bearing structure. The project, 100% owned by QPM, shows high-grade mineralization potential, with plans for an Induced Polarization (IP) survey to refine target identification followed by drilling later in 2022. Recent geophysical interpretations support the discovery of high-priority gold zones, enhancing exploration prospects.

Quebec Precious Metals Corporation (CJCFF) has granted a total of 835,000 stock options, with 640,000 allocated to directors and officers, 50,000 to an employee, and 145,000 to consultants. Each option allows purchase of a share at $0.17 for five years, with a vesting schedule. Consultant options vest immediately for two years. QPM is focused on the Sakami project in Quebec's Eeyou Istchee James Bay territory, aiming to advance exploration and reach the mineral resource estimate stage.

Quebec Precious Metals Corporation (CJCFF) announced promising drill results from its La Pointe Extension gold deposit at the Sakami project in Quebec. Notably, drill holes PT-21-187 and PT-21-188 yielded significant gold concentrations of 69.6 g/t Au and 1.51 g/t Au over extensive intervals. These findings affirm the mineralization's continuity and depth, suggesting potential for open-pit mining. The company anticipates its maiden resource estimate by Q3 2022, following further drilling results. The Sakami Project spans a 23-kilometer favorable geological contact.

Quebec Precious Metals Corporation (CJCFF) announced results from a new induced polarization survey on its 100% owned Sakami project. The survey identified IP anomalies over 2.5 km south of the La Pointe deposit, indicating a large intrusive body and new drill targets. The company has expanded the known mineralization volume and plans further drilling to support a maiden mineral resource estimate expected in Q3 2022. The Sakami project comprises 281 claims, strategically located with good infrastructure.

Quebec Precious Metals Corporation (CJCFF) announced promising preliminary results from metallurgical tests at its Sakami project in Quebec, indicating gold recoveries between 91% and 99%. The tests, conducted on six samples, confirm no deleterious components affecting cyanidation. The Bond work index was measured at medium strength, suggesting efficient grinding requirements. These results enhance the project's economic potential and support the upcoming maiden resource estimate. Further testing is planned to refine these findings.

Vital Metals Limited has amended its acquisition terms for Quebec Precious Metals Corporation's CJCFF 68% interest in the Kipawa project and 100% in the Zeus project, valued at C$8 million over 5 years. The due diligence period is extended by 9 months to enhance community engagement. This follows successful technical and legal due diligence. The Kipawa and Zeus projects will complement Vital's operations at Nechalacho, expanding its rare earth portfolio in Quebec, Canada.

Quebec Precious Metals Corporation (OTCQB:CJCFF) announced the resignation of Jean-François Meilleur as President and Director, effective immediately, to pursue other opportunities. The Board of Directors supports this decision, emphasizing a commitment to enhancing the Board's independence. Normand Champigny, CEO, acknowledged Meilleur's significant contributions to the Company’s creation and progress. QPM focuses on gold exploration in Quebec's Eeyou Istchee James Bay territory, with its flagship Sakami project poised for advancement towards mineral resource estimation.

Quebec Precious Metals Corporation (CJCFF) has achieved UL ECOLOGO Certification for responsible mineral exploration. This certification signifies QPM's commitment to leading environmental, social, and economic practices. The certification process, supported by the Quebec Mineral Exploration Association (QMEA), underscores QPM's focus on responsible development, which may enhance its appeal as an employer and improve relationships with local communities. This achievement is expected to bolster QPM's strategic planning and risk management efforts.

Quebec Precious Metals Corporation (OTCQB:CJCFF) has resumed drilling at its 100% owned Sakami project in Quebec's Eeyou Istchee James Bay territory. The fall and winter drilling program, fully funded, aims to expand the mineralized zone at the La Pointe Extension deposit with plans for 10,000 meters across 25 holes. Drill results from the summer program are still pending. CEO Normand Champigny expressed enthusiasm for exploring rich mineralization at depth.