CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp

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CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
TSX-V:   QPM
         TSX-V: QPM
       OTCQB: CJCFF

CORPORATE PRESENTATION
         June 2022
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Forward Looking Statements
This document includes forward -looking statements. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking
words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation
statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or
production output. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results,
performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to,
changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative
nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of resources or
reserves, political and social risks, changes to the regulatory framework within which the entity operates or may in the future operate, environmental conditions
including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward-looking statements are based on the entity and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant
environments that will exist and affect business and operations in the future. There are no assurances that the assumptions on which forward-looking statements
are based will prove to be correct, or that the business or operations will not be affected in any material manner by these or other factors not foreseen or
foreseeable by the entity or management or beyond the entity’s control. Although there have been attempts to identify factors that would cause actual actions,
events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance,
achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the entity. Accordingly, readers are
cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this document are given as at the date of issue only. Subject to
any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the entity does not undertake any obligation
to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is
based.

Qualified Persons
Normand Champigny, Eng., Chief Executive Officer, Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared, verified and
approved the data and technical content of this document.
                                                                                                                                                  TSX-V: QPM |              2
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Company Overview

⌳ HIGHLY PROSPECTIVE LAND PACKAGE
  (885 km2) located in the emerging James
  Bay gold mining camp
⌳ FLAGSHIP PROJECT: SAKAMI –
  ongoing drilling program, significant grades
  and well-defined drill-ready targets,
  advancing rapidly to the mineral resource
  estimate stage
                                                 ⌳ STRATEGIC INVESTOR, NEWMONT
⌳ Successful explorer; DISCOVERIES of the          CORPORATION who operates the Éléonore
  LA POINTE EXTENSION & LLOYD at                   gold mine, one of Quebec’s largest gold mines,
  ELMER EAST in 2020                               and located in the same mining district as well
                                                   as along strike
⌳ Monetization of non-core assets:
  $12.9 M IN CASH PLUS SHARES                    ⌳ PROVEN MANAGEMENT TEAM
                                                   AND BOARD with access to capital,
                                                   since creation of the company, management
                                                   raised $16 M
                                                                                           TSX-V: QPM |   3
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Strong Shareholder Support
As of June 7th, 2022

Closing price                                     $0.135

Market cap                                       $11.1 M

Approximate cash position (January 31, 2022)      $1.6 M

Shares outstanding                             82,458,877

Options @ $0.23 to $0.61 (June 7th, 2022)       3,723,334

KEY SHAREHOLDERS

Management & insiders including
                                                  14.0%
Newmont Corporation

Québec Institutions
Caisse de dépôt et placement du Québec            12.1%
Investissement Québec, SIDEX, CRDC, SBDJ

                                                            TSX-V: QPM |   4
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
James Bay Region – Sakami Project and Éléonore Mine

                                                      TSX-V: QPM |   5
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
James Bay Region – Comparable to Abitibi Gold Mining Camp
⌳ Well-developed Infrastructure                       ⌳ Proximity to the Éléonore Mine
⌳ Access to Hydroelectric Power                       ⌳ Engagement with Local Cree Communities

                                                                        SAKAMI PROJECT

                                                                               ÉLÉONORE MINE

          CADILLAC BREAK

Rouyn-                            38,334 drillholes                                      1,824 drillholes in
Noranda         Val d’Or          in greenstone                                          greenstone belts
                                  belts of Abitibi                                       of James Bay

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CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Environmental Social Governance Commitment

  We acknowledge that the Territory which we explore is the
  unceded land of the Crees of Eeyou Istchee. Our
  company’s commitment is to engage with the Territory’s
  people and embrace their values within our projects in
  order to develop a sustainable approach
  to our activities while honouring the Territory’s people,
  nature and culture.
⌳ Commitment to have open and timely communications with all
   stakeholders and build partnerships with the Cree communities
⌳ Technical, Safety and Sustainable Development charter and committee
⌳ 2020 Safe Day Everyday Silver award
   - 10,000 hours without reportable injury
⌳ Contribution to clean up of abandoned exploration sites on the Territory
⌳ Agreement with local Tallyman to monitor Sakami project site area
⌳ COVID-19 protocol implemented on the Territory                                       UL 2723: ECOLOGO®
                                                                             Certification Program for Responsible Development
                                                                                      for Mineral Exploration Companies
                                                                                                                    TSX-V: QPM |   7
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Proven Team and Board

                MANAGEMENT & CORPORATE                                                                   BOARD OF DIRECTORS

Normand Champigny, Chief Executive Officer                                     INDEPENDENT
Professional geological engineer with extensive experience                     John W.W. Hick, Chairperson*
across all facets of the mining and mineral exploration industry,
both domestically and internationally.                                         Mario Caron, P. Eng.*

Robert P. Boisjoli, Chief Financial Officer/Corporate Secretary                Dominique Dionne, ICD.D, B.A.A.*
More than 30 years of operational and advisory experience, including
                                                                               Paola Farnesi, CPA, CA, ICD.D *
in the mining sector. He is the founder of two companies, sits on the boards
of directors of public and private companies.                                  Julie Robertson, BA *
Étienne Gouin-Proulx, Manager, Corporate Development
                                                                               NON-INDEPENDENT
Chartered Financial Analyst with project valuation, strategic
marketing and capital market expertise.                                        Normand Champigny, M.A.Sc., Eng.

Talita Franco, Assistant Corporate Secretary
                                                                                                           TECHNICAL TEAM
More than 20 years experience as an organized and professional
supporting officers and senior management personnel with demonstrated          Jean-Sébastien Lavallée, Technical Advisor, Consul-Teck
expertise in operational leadership.
                                                                               François Gagnon, Senior Exploration Geologist, Consul-Teck

                                                                               * Committee Chairperson
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CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Focused Operation Plan - 12 Months

             Q1 2022               Q2 2022               Q3 2022               Q4 2022

                                         Summer fieldwork including drilling

                Sakami winter drilling

          Sakami 3D model & resource estimate preparation

                                   Monetization of non-core assets

                        Ongoing – Open to more gold projects for acquisition

                                                                                         TSX-V: QPM |   9
CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
Company Project – Portfolio

                                                                          SAKAMI
                                                                           100% QPM                                                        CHARLES
                                                                1.15 g/t Au over 80.1 m                              BLANCHE               100% QPM
                                                                Incl. 2.21 g/t Au over 25 m (D)
                                                                6.40 g/t Au over 13 m (D)                            100% QPM
                                                                26.35 g/t Au over 11 m (D)                     0.31% Cu, 0,20 g/t Au (G)
                                                                6.40 g/t Au over 13 m (D)
                                                                1.45 g/t Au over 35.4 m (D)

                                                                    CHEECHOO-ÉLÉONORE TREND
                                      ELMER EAST
                                                                                  100% QPM
                                        100% QPM                           Till and soil anomalies
                              13.55 g/t Au, 1.98% Zn (G)
                              17.75 g/t Au (G)
                              4.64 g/t Au & 5.68% Zn (G)
                                                                                       ÉLÉONORE GOLD MINE
                              4.06 g/t Au, 38.9 g/t Ag, 1.72%                            Newmont Corporation
                              Zn, 1.88% Pb over 2.0 m (C)

         NEW ELMER DISCOVERY

                     Azimut
         3.15 g/t Au over 102 m (D)

                                                                                                                                                      TSX-V: QPM |   10
Sakami Project – Established Infrastructure
⌳ Adjacent Hydroelectric Power Lines               ⌳ Road Access
                                       CHISASIBI
                       WEMINDJI         (150km)      RADISSON
                        (130km)                        (80km)

                                                                LA POINTE

                                                                            SAKAMI RESERVOIR

                                                                                        TSX-V: QPM |   11
Sakami Project – Geological Setting

                                                                                            ⌳ 23 KM LONG CONTACT
                                                                                              between sediments and
                                      *                                                       the volcanics between
                                                                                              La Grande and Opinaca
                                                                                              geological sub-provinces
                  *
                                                                                            ⌳ Work to date focused on
                                                                                              13 KM along the contact with
                                                                                              the presence of
                                                                                              HIGH GRADE SHOWINGS

                                                                                                                 TSX-V: QPM |   12
                      *Information on the Simon and JR showings is presented in appendix.
Sakami Project – Regional Geology

⌳ Volcano-sedimentary (La Grande) and
  sedimentary (Opinaca) rocks,
  metamorphosed to amphibolite facies

⌳ MINERALIZED TREND oriented WSW-ENE
⌳ Lithologies: SILICIFIED PARAGNEISS
  with intrusions, amphibolite

⌳ Gold-bearing horizon UP TO 75 M THICK,
  with 1-2% arsenopyrite, pyrite and
  pyrrhotite, quartz-carbonate veinlets

                                           TSX-V: QPM |   13
Sakami Project – La Pointe & La Pointe Extension deposits

                                                            TSX-V: QPM |   14
Sakami Project – Grade-Thickness Contours

                                            TSX-V: QPM |   15
Sakami Project – La Pointe deposit

 LA POINTE DEPOSIT

EX-10:      2.51 g/t Au over 54.65 m incl. 3.52 g/t Au over 14 m

EX-19:      9.22 g/t Au over 12.55 m incl. 11.82 g/t Au over 8.45 m

EX-22:      4.16 g/t Au over 21 m incl. 6.4 g/t Au over 12.67 m

PT-13-67:   3.78 g/t Au over 27.95 m incl. 4.01 g/t Au over 22.6 m

PT-14-79:   2.51 g/t Au over 48.2 m incl. 6.93 g/t Au over 12 m

PT-16-91:   1.62 g/t Au over 64.5 m incl. 2.21 g/t Au over 43.3 m

PT-16-92:   2.52 g/t Au over 48.55 m incl. 4.94 g/t Au over 21.05 m

PT-18-118: 3.22 g/t Au over 31.5 m incl. 3.47 g/t Au over 28.5 m

PT-18-120: 3.59 g/t Au over 27 m incl. 5.06 g/t Au over 15 m

⌳ 134 holes drilled on the La Pointe Deposit
⌳ 36,747 m drilled since 2001
⌳ Open at depth and to the west

                                                                      TSX-V: QPM |   16
La Pointe Extension – Keeps expanding

                                47 holes drilled along trend                                                                                     14,535 m drilled since 2020 discovery
        SW                                                                                                                                                                                                                                                                    NE

                                Y Y Y YYYY Y                                                                         YYYYYY                                          Y YYYYYYY Y                                                                                      YYYY
                                                                                                                                                                          PT-20-                                                                                PT-20-175
                                                                                                                                                        PT-20-
                                                                                                                             PT-20-                                        166                                                                                  0.76 / 4.5
  0m                                                                                                                                                      163                                                      PT-20-         PT-20-170                                             0m
                                                                                           PT-21-177                           161             PT-20- 0.70 /              0.61 /                                                                 PT-20-169
                                                                                                                    PT-20-
                                                                                                                                                                                                                    171           0.82 / 37.5                                 OPEN
                                                                                           2.15 / 42.2   PT-20-                0.62 PT-20-       162      68.5             PT-20-
                                                                                                                                                                           21.0                       PT-20-                                     0.60 / 38.2
                                                                                                                                                                                                                   0.32 /
                                                                                                          158        160      /31.0 153         1.31 /                      167                        173
                     PT-21-183                                                                                                                                                         PT-20-                       35.8
                                                                                                         0.52 /     0.28  /         0.88 /  PT-20-
                                                                                                                                                 42.0                      0.53 /                     0.60 /                                                    PT-20-176A
                     0.51 / 13.2 PT-21-181                                                                                                              PT-20-
                                                   PT-21-180                                              24.5
                                                                                                           PT-20-    17.0 PT-20- 70.5         154                           47.8
                                                                                                                                                                                        150
                                                                                                                                                                                                       15.0                                                      0.86 / 9.4
                                 0.70 / 17.0                                 PT-21-178                                       155                          164                          0.49 /
                                                   0.45 / 1.5                                  PT-22-       157                              1.14  /
                                                                                                                            0.88 /                       0.62 /        PT-21-           31.5
                                                                PT-21-179    0.47 / 38.5                   0.47 / PT-20- 64.4                 70.3
                                                                                                195                                        PT-20-       PT-22-
                                                                                                                                                          64.5          189
                                                                0.81 / 4.5                     0.94 /       41.1                                          193          0.52 /
                                                                                                                    156                     151                      PT-22-                                                                     PT-20-168
                                                                                                16.2                                                   4.99 / 3.0       17.5                                      PT-20-172       PT-20-148
                                                                                                                   0.29 /                  1.15 /                     192                                                                       1.03 / 12.0
                                                                                                                                                                                                     PT-20-174    0.42 / 10.5     2.91 / 7.6
                                                                                                                    27.3                    80.1                     0.77 /         PT-20-149
-200m                                                                                                             PT-21-182 PT-21-186 PT-22-             PT-20-                     0.25 / 46.0      0.46 / 7.1                                                                          -200m
                                                                                                                                               194                    31.5
                                                                                                                  1.83 / 58.6 0.56 / 77.5                  165
                                                                                                                                             0.94 /
                                                                                                                                       PT-20-159        0.92 / 8.3
                                                 OPEN                                                             PT-21-188                   26.9
                                                                                                                                       1.10 / 80.0
                                                                                                                    0.95 /
                                                                                                                                     PT-21-187
                                                                                                                    100.8
                                                                                                                                     1.32 / 94.0
                                                                                                                                   Incl 8.70 / 7.0                      PT-21-
                             Legend                                                                                                Incl 69.6 / 0.6                       190                                                                                   80
                                                                                                                                                                        1.61 /                                                                                 50
                Drillhole intercept with                                                                                                                                 19.5
                composited results                                                                                                                                                                                                                             20
-400m                                                                                                                                                                                                                                                                                   -400m
                PT-21-187 (Drillhole number)                                                                                                                                                                                                                   10
                69.60 / 0.6 (g/t Au /metres)                                                OPEN
                                                                                                                                                                                                                                                               5
                                                                                                                                                                      PT-22-                                                                                   2.5
                                                                                                                                                                       191
                                                                                                                                                                      0.84 /                                                                                   1
                                                                                                                                                                       63.0
                                                                                                                                                                                                                                                Estimated true
        Local Grid
                                                                                                                             150                                                                                                                thickness (m)
-600m                                                                                                                        m                                                                                                                                                          -600m
                                                                                                                                                                                                                                                   x g/t Au
             2600                         2400          2200                    2000                         1800                          1600 W                     1400 W                      1200 W                        1000                     800 W                  600 W
               W                            W             W                       W                            W                                                                                                                  W
                                                                                                                                                                                                                                                               TSX-V: QPM |             17
Sakami Project – Induced Polarization Survey & New Drill Targets

                         2                                   2

                          1
                                                             1

                                                                   TSX-V: QPM |   18
Sakami Project – Metallurgy

⌳ Six representatives composite samples from
  La Pointe & La Pointe Extension                                120

⌳ Optimal gold recovery would require a conventional             100

  milling flowsheet with crushing, grinding, gold
  leaching and dissolved gold recovery                                 80

                                                        Recovery (%)
⌳ Gold recoveries ranging from 91% to 99%                              60
                                                                                                        La Pointe Extension - 40 µm

                                                                                                        La Pointe - 40 µm
  with cyanidation.
                                                                                                        La Pointe Extension (1% As - Low Grade) - 40 µm
                                                                       40

⌳ The grinding Bond work index ranges from                                                              La Pointe (1% As - Low Grade) - 40 µm

                                                                                                        La Pointe Extension (High Grade) - 40 µm
  9.1 to 11.1 kWh/t: medium strength values in the                     20
                                                                                                        La Pointe (High Grade) - 40 µm
  gold extraction industry
                                                                        0
                                                                            0   10   20   30       40          50           60            70              80
⌳ No deleterious components are present in the tested                                          Time (hours)

  material

                                                                                                                                 TSX-V: QPM |                  19
Elmer East – 2020 & 2021 discoveries

                                                       Georgekish

                                       61.8 g/t Au & 35.8 g/t Ag (G)

                                                              Lloyd

                                       68.1 g/t Au & 13.4 g/t Ag (G)

                                                             TSX-V: QPM |   20
Elmer East – Lloyd discovery
                                                                                                                                      ⌳ ALONG TREND with Azimut’s Patwon
                                                                                                                                         discovery
                               B566236
                                                                                                                                      ⌳ Completed
                0,331 g/t Au
                                                                                                                                           AIRBORNE & ORTHOPHOTO surveys
                                                                                                                                           TARGETING STUDY
                                                                                                                                           GRAB & CHANNEL sampling
                                                                                                                                           VEIN CHARACTERIZATION
                                                       1,98 % Zn

                                                      13,55 g/t Au
                                  1,89 g/t Au
                0,884 g/t Au                            B565106                                                                       ELMER EAST - LLOYD DISCOVERY
                                   B565107
                 B565112

  B565113                                                            B566181    17,75 g/t Au                                          Sample #   Au (g/t)   Ag(g/t)   Cu (%)   Zn (%)   Pb (%)
                                                                                                           5,68 % Zn
 0,415 g/t Au              B565114                                                                                                    B566181     17.75      29.2      0.11     NSV      1.75
                                                                           B566180      4,64 g/t Au     5,430 ppm Cu
                           2,66 g/t Au           B566182
                                                                                                                                      B565106     13.55        23      0.13     1.98     1.35
                           2,33 % Zn            5,19 g/t Au
                                                                                     B566179          1,765 g/t Au     7,660 ppm Cu
                                                                                                                                      B566182      5.19      21.2      0.14     1.13     NSV
                                                                                                                        7,99 % Zn
                                                                                                                                      B566114      2.66      67.2      0.06     2.33     2.49
                                                                       GOLD-BEARING VEIN
                                                                                                                                      B565107      1.89      33.5      0.13     NSV      1.42

                                                                                                                                      B565179      1.77     13.66      0.77     7.99     NSV

                                                                                                                                      B566180      4.64      48.9      0.54     5.68     1.87

                                                                                                                                                                               TSX-V: QPM |      21
Lloyd discovery – 4.2 km-long mineralized trend
            Legend
            Priority target
                                                                                        ⌳ Several gold discoveries,
       Assays (g/t Au)                                                                     expanding trend from 60 m to 4,200 m
                                                                                        ⌳ Open in all directions
                                                             New Discovery (2021)
                                                                                        ⌳ Next phases of work:
                                                             68.1 g/t Au, 7.31 g/t Au        Induced polarization survey
                                                                                             Drilling

                              Lloyd Discovery (2020)
New Discovery (2021)                                                                                            New Discovery (2021)
                              17.75 g/t Au, 8.17 g/t Au,
6.05 g/t Au, 5.97 g/t Au                                                                                        68.1 g/t Au, 7.31 g/t Au
                              4.06 g/t Au /2m (t), 4.75 g/t Au
3.79 g/t Au, 2.43g/t Au
2.41 g/t Au

                                                    4,200m gold mineralized trend

                                                                                                                      TSX-V: QPM |         22
Non-Core Divestment Process – Non-Dilutive Funding

 PROJECT                                      CASH                SHARES ($)*     TOTAL        ⌳ All accretive transactions,
 Vulcain (nickel)                                $50,000              $95,000      $145,000       Kipawa-Zeus most significant:
 Tansim (lithium)                              $375,000                            $375,000       $8 M over 5 years
 Tansim Royalty (lithium)                    $2,000,000                           $2,000,000        $2.5M at the Closing Date in 2022
 La Loutre (graphite)                        $1,125,000              $205,000     $1,330,000
                                                                                                    $2.5M at 1st anniversary
 Somanike (nickel)                             $125,000              $177,407      $302,407
                                                                                                    $1M at 2nd, 3rd and 4th anniversaries
 Kipawa-Zeus (rare earths)                   $8,000,000                           $8,000,000
 Metalla Royalty and Streaming                                                                 ⌳ Vital Metal amendment
                                                                     $407,585      $407,585
 (warrants)
                                                                                                    Extends due diligence period
 Chemin Troïlus (gold)                         $100,000              $191,078      $291,078          by 9 months to 30 September 2022
 TOTAL                                      $11,775,000             $1,076,070   $12,851,070        $1 M breakup fee
* As disclosed in January 31, 2021 audited financial statements

                                                                                                                                   TSX-V: QPM |   23
Why QPM Should Outperform its Peers ?

                                          LOW DOWNSIDE
                                      •   Low market capitalization
                                      •   Upcoming maiden resource estimate

           HIGH UPSIDE
       •   Expending existing deposit & testing a large intrusive
       •     target over 2.5 km to the south
       •   Closing of transaction with Vital Metals for the
       •     acquisition of the Kipawa-Zeus project for CAD
           $8M                                                                TSX-V: QPM |   24
Why Invest in QPM?

  TIMELY EXPLORATION AND DRILL            STRATEGIC INVESTOR,
  RESULTS news flow from flagship         NEWMONT CORPORATION is part
  Sakami project aimed at rapidly         of the solid shareholder base including
  advancing to the mineral resource       Québec institutions
  estimate stage
                                          Proven successes by MANAGEMENT
  SIGNIFICANT POTENTIAL FOR               TEAM AND BOARD
  ADDITIONAL DISCOVERIES on large
                                          $ 1.6 M IN CASH,
  land package located around Newmont’s
                                          with the ability to raise capital
  Éléonore mine

                                                                                    TSX-V: QPM |   25
Normand Champigny                               Étienne Gouin-Proulx
Chief Executive Officer                         Manager, Corporate Development
T: 514-979-4746                                 T: 438-492-2427
E: nchampigny@qpmcorp.ca                        E: egouinproulx@qpmcorp.ca

        1080, Côte du Beaver Hall, Suite 2101, Montreal, Quebec H2Z 1S8

                               www.qpmcorp.ca
Sakami – Geological Setting

                 Opinaca Sub-Province. Alternance of paragneiss and orthogneiss. Highly metamorphosed with some
                  quartz veins/veinlets. Orthogneiss are white rocks with a lot of biotite. Paragneiss are greenish rocks
                  with actinolite. Significant gold grades are present at the contact with the La Grande sub-province rocks.
  OPINACA

                 Transposition zone. At the contact between the Opinaca and La Grande sub-provinces. Highly
                  deformed unit with multiple, tight and secondary folding. Altered and highly metamorphosed. Local
                  presence of garnets within folded beds. Individual lithologies could be distinguished within this interval.

                 Apple Formation (also named Apple unit). Fine grained quartz arenite with alternating coarse clast
                  layers similar to a breccia that seems to represent graded bedding of the clasts. Local epidote alteration
                  that gives this unit a green color. This unit is uranium-gold-bearing and was explored in the past.

                 Felsic intrusive. Fine to medium grained, quartz eyes, feldspar and biotite and/or amphibole. The
                  quartz eyes often show a feldspathic alteration around them thought to be spherulites. Visible chilled
  LA GRANDE

                  margins with a change in grain size, and the presence of elongated alteration minerals at the margins.

                 Banded Iron Formation (BIF). Layered unit with thin magnetite-rich beds. The top portion seems to be
                  extremely rich in pyrite. In outcrop, the BIF has a rusty looking cap. Measuring the dip of the beds of the
                  BIF could be a good indicator of the degree of deformation in the area. In core, the BIF looks like a
                  massive sulphide horizon.
                 Massive sulphide marker. Centimetre-scale layers of fine-grained pyrite-pyrrhotite and arsenopyrite
                  within a mafic unit. This unit could be a stratigraphic marker.
                 Basal mafic unit. Outcrops present surface alteration with small cavities with interpreted pillow lava
                  and breccia textures. Green, fine grained with quartz-calcite veinlets. Greenschist to amphibolite facies.
                  Contains a few percent of disseminated pyrite and arsenopyrite.

                                                                                                                                TSX-V: QPM |   27
Sakami – New Target Area: Simon Showing

⌳ 7 holes intercepted gold mineralization
⌳ Geology contains an iron formation
⌳ 3,146 m drilled to date
⌳ Open in all directions
⌳ 4 km strike potential
2019 DRILL RESULTS

SI-19-01 3.68 g/t Au over 2.07 m

SI-19-02 14.20 g/t Au over 2 m

SI-19-03 5.05 g/t Au over 5.06 m

SI-19-04 2.19 g/t over 1.45 m

2020 DRILL RESULTS

SI-20-06 0.52 g/t Au over 57.3 m

SI-20-16 0.73 g/t Au over 54 m

                                            TSX-V: QPM |   28
Sakami – New Target Area: Simon Showing

         SIMON SHOWING                    IP SURVEY

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Sakami – New Target Area: JR showing

2019 DRILL RESULTS

JR-19-01       1.03 g/t over 2.50 m

               0.59 g/t over 6.20 m
               1.10 g/t over 9.00 m
JR-19-02
               0.72 g/t over 6.90 m
               1.23 g/t over 5.50 m
               1.81 g/t over 2.50 m

JR-19-03       2.11 g/t over 1.50 m
               1.27 g/t over 1.50 m
JR-19-04       1.27 g/t over 15.00 m
               2.52 g/t over 1.00 m

               1.54 g/t over 1.05 m
JR-19-05
               1.38 g/t over 3.00 m

JR-19-06       6.39 g/t over 1.00 m

⌳ 6 holes intercepted gold mineralization associated with an iron formation
⌳ 2,257 m drilled to date, open in all directions
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Blanche and Charles – 100% Owned

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Blanche and Charles – 100% Owned, cont’d
Location and Access Québec, Canada                           Work to Date
120 to 150 km northeast of the Éléonore gold mine,           Blanche
Eeyou Istchee James Bay Territory of Québec.                 Prospecting and selected grab sampling and
Blanche – James Bay Road to km 544, then east on             values up to 0.31% copper were measured.
Trans-Taïga Road (230 km) – NTS 33/G9 and 33/G10.            Charles
Charles – 15 km east of the Blanche project, along the       Prospecting work carried out to date returned two grab
Trans-Taïga Road – NTS 33/H12.                               samples with anomalous values of 0.962 g/t Au in pyrite ±
                                                             chalcopyrite mineralized basalts and 0.619 g/t Au.
Surface Area
Total of 162 km2 – 100% owned with no royalties.             Exploration Targets and Planned Program
⌳ Blanche 256 claims – 131 km2                               Base metals and gold targets. Additional prospecting will be
⌳ Charles 61 claims – 31 km2                                 required to identify a gold and copper-bearing horizon to
                                                             better understand the mineralization controls with a focus
Summary                                                      on the contact between volcanics and sediments. Sell
                                                             interest in the projects or identify partner to pursue
The geological setting (greenstone belt) is favourable for   exploration.
the discovery of base metals and gold. The projects are
located within 7 km to the north where Midland
Exploration Inc. has discovered a significant copper-gold
mineralized zone on its Mythril project.
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Non-core asset for sale - Matheson Joint Venture – 50% Owned

                                                       MATHESON JOINT VENTURE
                                                              PROJECT

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Non-core asset for sale - Matheson Joint Venture – 50% Owned, cont’d
Location and Access Ontario, Québec, Canada                       Work to Date
Located in Matheson Township, Porcupine Mining District,          Three higher potential corridors have been identified based
northeastern Ontario, approximately 24 km from the Timmins        on favourable volcanic lithologies.
city centre.
                                                                  Significant gold-in-till anomalies are present.
Access is by paved and secondary roads.
                                                                  Several significant mineralized intervals have been drilled
                                                                  over approximately a 4 km interval.
Surface Area
                                                                  Historical drilling has identified lithologically and structurally
Four non-contiguous blocks totalling 41 single cell mining
                                                                  favourable environments.
claims, four patented (surface and mining rights) claims and
three leases (surface and mining rights) totalling 13 km2.        Some drill holes were terminated short of prospective
                                                                  geological contacts and structures.
Some of the claims are subject to Net Smelter Return royalties.
                                                                  Technical report NI 43-101 completed in September 2019
Summary                                                           by RPA.

Strategic land position covers prospective lithologies and
                                                                  Exploration Targets and Planned Program
structures analogous to the geological setting of the nearby
Hoyle Pond gold mine operated by Newmont Goldcorp.                Recommended program consists of a compilation of
                                                                  available historical work, re-logging and detailed sampling
The Hoyle Pond mine has produced 4 million ounces of gold at
                                                                  of all available historical core, and two-phase diamond
an average grade of 12 g/t gold from 1985 to 2018, making it
                                                                  drilling to evaluate targets totalling $3.2 M.
one of the highest-grade deposits in the Timmins camp.
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TSX-V: QPM

APPENDIX – MANAGEMENT, TECHNICAL TEAM & DIRECTORS
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Appendix – Management and Corporate
Normand Champigny, Chief Executive Officer                                             Étienne Gouin-Proulx, Corporate Development Manager
Mr. Champigny is a geological engineer with extensive experience with both             Mr. Gouin-Proulx is a Chartered Financial Analyst (CFA) and a Candidate to the
public and private companies, both domestically and internationally. He has            Engineering Profession (CEP) with previous experience in project evaluation,
been involved in many facets of the mining industry, including engineering,            merger and acquisition and strategic Marketing.
project evaluation, and project management.
                                                                                       Mr. Gouin-Proulx holds a Bachelor of Engineering from McGill University with a
Mr. Champigny is a member of the Ordre des Ingénieurs du Québec. Until recently,       specialization in Mining and Mineral Engineering.
Mr. Champigny was an Executive Committee Member of the Prospectors &
Developers Association of Canada. He was Chair of the Board of Directors of
Minalliance, an organization raising awareness about the mining industry in            Talita Franco, Assistant Corporate Secretary
Quebec and highlighting its positive contribution to Quebec’s social, economic,        Mrs. Franco has over 20 years of experience as an organized and efficient
and environmental development.                                                         manager supporting officers and senior management personnel with demonstrated
                                                                                       expertise in operational leadership. She has multidisciplinary managerial skills in
Mr. Champigny is a graduate from École Polytechnique in Montreal (B.A.Sc),
                                                                                       process, procedure and policy improvement initiatives.
University of British Columbia (M.A.Sc), and Paris School of Mines (Specialized
Diploma in Geostatistics).                                                             Mrs. Franco is a graduate from Université of Montreal (B.A.)

Robert P. ‘Bob’ Boisjoli, CFO / Corporate Secretary
Mr. Boisjoli is Managing Director of Atwater Financial Group and a Fellow
Chartered Professional Accountant with over 30 years of operational and advisory
experience, including in the mining sector. He is the founder of two companies, sits
on the boards of directors of public and private companies where he is also the
audit committee chairman, and is a board member of various non-profit
organizations.

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Appendix – Technical Team
François Gagnon, Senior Exploration Geologist                                     Jean-Sébastien Lavallée, Advisor
Mr. Gagnon has worked for over 15 years in mineral exploration for precious and   Mr. Lavallée, P. Geo. was President and Chief Executive Officer of the Company
base metals in Quebec and internationally including in the James Bay region.      from 2012 to May 2017. He also serves as Chief Executive Officer of Critical
                                                                                  Elements Lithium Corporation, a Canadian mineral exploration company since
He is a professional geologist and a member of the Ordre des géologues du         2009. He has been also active in mining exploration since 1994. Mr. Lavallée has
Québec. He holds a Bachelor’s degree in Geology from Laval University, Quebec.    been on the Board of Directors of the Quebec Mineral Exploration Association
                                                                                  “AEMQ” from 2017 to 2019. He is also working with Consul-Teck Exploration
                                                                                  Minière Inc., a Val-d'Or based consulting firm. Most of the firm's mandates involve
                                                                                  the generation and execution of projects in remote areas.

                                                                                  Mr. Lavallée has acted as a geologist for many companies, including Eloro
                                                                                  Resources Ltd., Agnico-Eagle Mines Ltd., Noranda Minerals Inc. and, Champion
                                                                                  Minerals Inc. Having been responsible for the planning and execution of many
                                                                                  exploration programs in recent years, Mr. Lavallée has acquired solid experience
                                                                                  in exploration project development.

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Appendix – Independent Directors
John W. W. Hick, Chairman                                                            Dominique Dionne, Director
John W. W. Hick, B.A., LL.B, has over 40 years of experience in the mining           Ms. Dionne is a seasoned communications and public relations executive with
industry in both senior management positions and as an independent director,         over 30 years of experience in large corporations known as global leaders in their
during which he has spent the majority of his time based in Toronto, Canada.         industries. She has extensive background in investment institutions, natural resources
He is currently President and CEO of his own consulting company, and acts            industries including mining, metallurgy and forestry, and international cooperation
                                                                                     organizations. She was a member of the Board of Quebec Mining Association from
as an independent director of a number of TSX (or TSX-V) listed companies.
                                                                                     2006 to 2013 and acted as Chair of the Board for the last two years of her tenure. She
Previously, Mr. Hick has held either senior management and director positions with   currently chairs the Board of Directors of Public Relations without Borders (PRWB) and
a number of publicly listed Canadian mining companies, including Medoro              is a Director of the Foundation of the University of Quebec in Montreal and of the
Resources Ltd., Rio Narcea Gold Mines Ltd, Defiance Mining Corp., Geomaque           Fabienne Colas Foundation.
Explorations Ltd., TVX Gold Inc., Rayrock Resources Inc., and Placer Dome Inc.       Ms. Dionne is a Certified Director from the Institute of Corporate Directors, 2020\02.
                                                                                     She is a graduate of the Program for Management Development at Harvard Business
                                                                                     School and holds a BA from the University of Quebec in Montreal.
Mario Caron, Director
Mr. Caron has 40 years of wide-ranging mining industry experience in project
development, operations, capital markets and governance/disclosure best practices.
He is the Chairman and on the Board of Directors of Falco Resources Ltd.

Mr. Caron has also been President, Chief Executive Officer and a Director of
several companies involved in the exploration and development of metals worldwide
including Aldridge Minerals Inc., Axmin Inc., Tiberon Minerals Ltd. and Defiance
Mining Corporation. Earlier in his career, Mr. Caron was Vice President Mining and
Infrastructure for PricewaterhouseCoopers Securities Inc. He holds
a B. Eng. in Mining from McGill University, and is a member of the Quebec Order
of Engineers as well as the Association of Professional Engineers of Ontario.

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Appendix – Independent Directors
Julie Robertson, Director                                                            Paola Farnesi, Director
Ms. Robertson is Vice-President Finance and Capital Projects at Centerra Gold        Ms. Farnesi is a senior financial professional with over 30 years of experience in
Inc., a mining company listed on the TSX and NYSE, with annual Revenue of $2B.       corporate finance, financial reporting, M&A and risk management. She is currently
Prior to this position, she held a number of senior positions with Barrick Gold      Vice President and Treasurer of Domtar Corporation, responsible for negotiating and
Corporation. She is a Canadian Certified Public Accountant with extensive            arranging in excess of $1 billion in corporate financings, overseeing an insurance
experience in transformative leadership, external reporting, management reporting,   portfolio of over $20 billion in insurable values and managing the investments of
planning and project management, and has an in depth understanding of IFRS and       pension fund assets in excess of $3 billion. From 1994 to 2008, Ms. Farnesi held
US GAAP. She is the Finance Committee Chair (Volunteer) of Boost Child & Youth       several other leadership positions at Domtar Corporation, including Vice President,
Advocacy (CYAC), a registered charity committed to eliminating child abuse and       Internal Audit, where she was responsible for the implementation and subsequent
violence in the lives of children, youth, and their families.                        compliance efforts related to Sarbanes-Oxley.

Ms. Robertson is also the Chair of CPA Canada’s Mining Industry Task Force on        Prior to joining Domtar Corporation, Ms. Farnesi worked at Ernst & Young for the
IFRS, created jointly with The Prospectors & Developers Association of Canada        assurance group in Montreal. She has served as the Chair of the Audit Committee on
(PDAC). She holds a Bachelor of Arts (BA), Accounting and Finance from the           the Board of Directors of Falco Resources Ltd since 2016 and is the Chair of the
University of Western Ontario and a Diploma of Accounting and Finance from           Finance Committee on the Board of Directors of Centaur Theatre Company since
Wilfrid Laurier University.                                                          2010. Ms. Farnesi holds a Bachelor of Commerce and a Graduate degree in Public
                                                                                     Accountancy from McGill University, is a member of the Chartered Professional
                                                                                     Accountants (CPA) of Québec and obtained the ICD.D designation from the Institute
                                                                                     of Corporate Directors.

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