Quebec Precious Metals and Harfang Exploration Jointly Identify High-Priority Gold and Lithium Drill Targets on their Sakami and Serpent-Radisson Projects, James Bay Region, Quebec

MONTREAL, QC / ACCESSWIRE / April 3, 2024 / Quebec Precious Metals Corporation ("QPM") (TSX.V:QPM)(OTCQB:CJCFF)(FSE:YXEP) and Harfang Exploration Inc. ("Harfang") (TSX.V: HAR) are pleased to announce the results of a joint targeting study (the "Study") conducted on the adjacent and wholly-owned Sakami and Serpent-Radisson projects (the "Projects") (see Figure 1). The Projects demonstrate significant potential for high-grade gold and more recently for lithium (see QPM's press releases dated September 20, 2023, and February 29, 2024, and Harfang's press releases dated October 5, 2022, September 13 and December 6, 2023).

The Study was designed to identify additional gold and lithium drill targets on the western portion of the Sakami project and on the eastern portion of the Serpent-Radisson project. The close collaboration between the two companies resulted in:

• The identification of 12 priority gold and lithium targets including
  3 high-priority targets that can be drill-ready following a field inspection later this year (see Figure 2); and,
• An improved geological understanding and confirmation of the structural and lithological controls on gold and lithium mineralization.

Normand Champigny, QPM's Chief Executive Officer, stated: "The collaboration with Harfang has been very beneficial to demonstrate the stronger exploration potential for both gold and lithium at our respective projects. We look forward to the follow-up in the field, drill the best targets and continue our collaboration with Harfang."

"These types of collaborations are exactly what this industry needs more of," Rick Breger, Harfang's President & Chief Executive Officer, stated. "Not only were we able to more efficiently deploy our capital by pooling and sharing resources, but we also now have a much better technical understanding of our respective projects. Afterall, the geology does not change on the other side of the claim boundary."

Using both company and publicly available data, the Study generated a comprehensive geological and structural lineament map of the Sakami-Serpent-Radisson area. Highlights of the Study are as follows:

• Mafic to ultramafic slivers extend to the SW along shears in the Sakami project area, deflecting to the WSW along splays in the Serpent-Radisson project area;
• Mafic gabbroic dyke swarms that were previously unrecognized occur within tonalitic gneiss and felsic intrusions at Sakami. Additional gabbroic material occurs at the Serpent project, mainly along interpreted structures;
• Several untested pegmatites, potentially lithium-bearing bodies, are present; and,
• Anastomosed shear zones are present with reverse movement and/or primarily sinistral-strike slip component, in a Riedel-like system associated to a N-S compression.

Both projects exhibit the presence of high-grade gold: