Mr. John Karagiannidis reports

QIMC ANNOUNCES CLOSING OF $17.3 MILLION BOUGHT DEAL OFFERING, INCLUDING FULL EXERCISE OF UNDERWRITER'S OVER-ALLOTMENT OPTION

Quebec Innovative Materials Corp. has completed its previously announced bought deal private placement offering pursuant to which the company issued 19,167,050 units of the company at a price of 90 cents per unit for aggregate gross proceeds of $17,250,345 including the full exercise of the underwriter (as defined herein) overallotment option. The offering was led by Research Capital Corp. as the sole underwriter and sole bookrunner.

Each unit consists of one common share of the company one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of $1.30 at any time until April 27, 2029, subject to adjustment in certain circumstances.

The company intends to use the net proceeds from the offering for exploration and evaluation of the company's existing hydrogen and helium projects and for general working capital purposes.

The units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Canadian Securities Administrators' Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), in all provinces of Canada, except Quebec, and other qualifying jurisdictions outside of Canada, including the United States, on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. The units issued to subscribers under the listed issuer financing exemption will be immediately free trading under applicable Canadian securities laws. All other securities not issued pursuant to the listed issuer financing exemption, including the broker warrants (as defined herein), are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on Aug. 28, 2026.

In consideration for its services, the company: (i) paid the underwriter a cash commission of $1,201,224.15; and (ii) issued to the underwriter an aggregate of 1,334,694 non-transferable broker warrants. Each broker warrant entitles the holder to purchase one unit at an exercise price of 90 cents per unit at any time until April 27, 2029.

There is an offering document related to the offering of units that can be accessed under the company's issuer profile at SEDAR+ and on the company's website.

About Quebec Innovative Materials Corp.

Quebec Innovative is a North American exploration and development company advancing a portfolio of natural hydrogen and critical mineral projects. The company is advancing its district-scale hydrogen exploration model across Quebec, Ontario, Nova Scotia and Minnesota (United States), leveraging its proprietary R2G2 framework developed in collaboration with INRS. Quebec Innovative is committed to sustainable development, environmental stewardship and innovation, with the objective of supporting clean energy and decarbonization initiatives.

We seek Safe Harbor.