CORPORATE PRESENTATION - OTCQB: CJCFF - Quebec Precious Metals Corp
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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
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
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
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 TSX-V: QPM | 6
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
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 TSX-V: QPM | 8
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
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 TSX-V: QPM | 29
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 TSX-V: QPM | 30
Blanche and Charles – 100% Owned TSX-V: QPM | 31
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. TSX-V: QPM | 32
Non-core asset for sale - Matheson Joint Venture – 50% Owned MATHESON JOINT VENTURE PROJECT TSX-V: QPM | 33
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. TSX-V: QPM | 34
TSX-V: QPM APPENDIX – MANAGEMENT, TECHNICAL TEAM & DIRECTORS TSX-V: QPM | 35
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. TSX-V: QPM | 36
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. TSX-V: QPM | 37
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. TSX-V: QPM | 38
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. TSX-V: QPM | 39
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