QMX Gold to Complete More Than 35,000M of Drilling in 2020; Updated Bonnefond Resource Estimate on Track for Summer Release - Seite 2

Bonnefond 2019 highlights include:

• 3.69g/t Au over 114.6m in the tonalite in DDH 17315-19-087 (See Press Release, December 5, 2019).
• 114.48g/t Au over 1.4m in a shear zones south of the intrusive in DDH 17315-19-080 (See Press Release May 29, 2019).
• An open-pit constrained resource with 258,700 ounces at 1.69g/t Au Indicated and 145,100 ounces at 1.87g/t Au Inferred. (See Press Release July 30, 2019).

The River Target, located in the eastern part of the Bourlamaque batholith, was one of QMX Gold’s highly successful targets drilled in late 2019. During the summer of 2020, QMX Gold will complete a second phase of drilling to further explore the potential of the River Target. This first phase will consist of at least 5,000m.

River Target 2019 highlights include:

• 39.83g/t Au over 2.0m in a quartz vein in DDH 17421-19-046 (See Press Release January 26, 2020).
• 38.69g/t Au over 3.5m in a quartz vein in DDH 17421-19-048 (See Press Release February 24, 2020).

The Poulmaque Target, located on the western part of the Bourlamaque batholith, is a prospective area extending on a 3.5km north-south strike in the south western part of the Bourlamaque batholith. The Poulmaque target is located 3km west of Probe Metals “Courvan gold trend” and 5km from the “Pascalis gold trend”.

The northern end of the target hosts the F-Zone and the southern end the Callahan deposit on QMX Gold’s Beacon property. The F-Zone is located in the western end of the Ferderber shear and has returned 10.93g/t Au over 1.4m and 28.45g/t Au over 1.6m according to the MERN Sigeom database. The Callahan deposit was drilled by QMX in 2017 and DDH 17319-17-005 intersected quartz veins grading 32.6g/t Au over 1.0m and 7.6g/t Au over 3.0m (See Press Release May 23, 2017).

During the summer of 2020, QMX will conduct an initial reconnaissance drilling program of at least 3,000m in this area.

Quality Control

During the drilling program, assay samples are taken from the NQ core and sawed in half. One half is sent to Swaslab Ltd. or Agat Laboratories. Both are certified commercial laboratories. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples; which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more.