Quebec Precious Metals - Corporate Update

Rhea-AI Summary

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.

Positive

• The resignation of Jean-François Meilleur supports Board independence.
• QPM is advancing its flagship Sakami project, which has significant grades and drill-ready targets.

Negative

• None.

MONTREAL, QC / ACCESSWIRE / February 1, 2022 / Quebec Precious Metals Corporation ("QPM" or the "Company") (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) announces that Jean-François Meilleur, President and Director, has stepped down from responsibilities with the Company, including as a director, effective as of the date hereof, to pursue other opportunities. This change is supported by the Board of directors and will further improve the Board's independence.

Normand Champigny, CEO of QPM, stated: "Jean-François has made an important contribution both in respect of the creation of the Company and its advancement since that time. We thank him for all he has done for QPM. We wish him the best of success in his future endeavours."

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Éléonore gold mine. QPM's flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM's goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

For more information please contact:

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Quebec Precious Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/686520/Quebec-Precious-Metals--Corporate-Update

FAQ

What led to Jean-François Meilleur's resignation from Quebec Precious Metals (CJCFF)?

Jean-François Meilleur stepped down to pursue other opportunities, a move supported by the Board of Directors.

How does the resignation affect Quebec Precious Metals' Board independence?

The resignation is seen as a step towards improving the independence of the Board.

What is the focus of Quebec Precious Metals Corporation?

Quebec Precious Metals focuses on gold exploration, particularly in the Eeyou Istchee James Bay territory.

What is the status of the Sakami project for Quebec Precious Metals?

The Sakami project has significant grades and well-defined drill-ready targets, moving towards the mineral resource estimate stage.