Ms. Alicia Milne reports

Q2 METALS APPOINTS GENEVIEVE MORINVILLE AS VICE PRESIDENT - SUSTAINABILITY AND REGULATORY AFFAIRS FOR THE CISCO LITHIUM PROJECT IN EEYOU ISTCHEE JAMES BAY, QUEBEC, CANADA

Q2 Metals Corp. has appointed Dr. Genevieve Morinville as vice-president, sustainability and regulatory affairs.

In this role, Dr. Morinville will lead the company's environmental, sustainability and regulatory initiatives as Q2 advances its Cisco lithium project from exploration through preliminary economic assessment (PEA) studies and into subsequent phases of engineering and project development. She will oversee environmental and social baseline programs, environmental and social impact assessment processes and the development and implementation of the company's comprehensive sustainability strategy.

Dr. Morinville brings more than 20y ears of experience managing environmental, social and governance (ESG) matters, primarily within Canada's mining sector. She has successfully led corporate sustainable development strategies in the Eeyou Istchee James Bay region of Quebec, Canada, where she has built strong collaborative relationships with indigenous and non-indigenous communities and worked to maximize local participation and long-term benefits throughout the project development cycle.

Dr. Morinville holds a bachelor of science in biology and environmental studies and a PhD in fisheries and aquatic ecology, both from McGill University in Montreal, Que.

"Genevieve's extensive experience leading permitting, environmental assessment and sustainable development initiatives will be invaluable as we advance the Cisco lithium project through its next stages of development. Her combination of technical expertise, field experience and collaborative approach make her uniquely qualified to balance environmental considerations and community priorities with project advancement," said Alicia Milne, president and chief executive officer of Q2 Metals. "We are delighted to welcome Genevieve to our leadership team, where she will play a critical role in ensuring that Cisco is advanced responsibly, transparently, and in a manner that delivers meaningful long-term benefits for the communities and region in which we operate."

Dr. Morinville, vice-president, sustainability and regulatory affairs, for Q2 Metals, stated: "I am excited to join Q2 Metals at such a pivotal stage in the advancement of the Cisco lithium project. Cisco represents a compelling opportunity to help develop a globally significant lithium project in Quebec while establishing a strong foundation of environmental stewardship, meaningful community engagement and shared regional benefits. I look forward to continuing to work closely with indigenous communities, local stakeholders and regulators to advance a comprehensive permitting and sustainability strategy grounded in transparency, collaboration and respect."

Warrant exercise

A total of 5,113,557 warrants issued in connection with the Aug. 9, 2024, private placement financing, exercisable at a price of 50 cents per share, have been exercised for total proceeds to Q2 of $2,556,778.

As of Aug. 10, 2026, the company has a total of 1,429,000 warrants outstanding, as follows.

Coming events

Q2 will be attending the following conferences and events.

About Q2 Metals Corp.

Q2 Metals is a Canadian mineral exploration company focused on advancing the Cisco lithium project, which is located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The Cisco deposit is strategically situated just 6.5 kilometres from the Billy Diamond Highway, providing access to rail infrastructure in the town of Matagami, approximately 150 kilometres to the south, with connections to deep sea ports beyond.

The current inferred mineral resource estimate on the Cisco deposit outlines a pit-constrained resource of 270 million tonnes grading 1.36 per cent Li2O (lithium oxide) at a 0.4-per-cent-Li2O cut-off grade and an additional underground-constrained resource of 24 million tonnes grading 1.34 per cent Li2O inferred at a 0.7-per-cent-Li2O cut-off grade. Together, these support a combined inferred mineral resource of 295 million tonnes grading 1.36 per cent Li2O. The Cisco deposit remains open along strike, with several additional high-priority targets identified across the broader 41,253-hectarep roject area.

The 2026 exploration program is continuing, with a primary focus on infill drilling aimed at advancing the resource toward an indicated resource classification. The program also includes targeted expansion drilling and regional exploration designed to evaluate high-priority targets surrounding the Cisco deposit and across the broader project area.

Qualified person

Neil (Sage) McCallum, BSc, PGeol, is a qualified person as defined by National Instrument 43-101, and a registered permit holder with the Ordre des Geologues du Quebec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum, a director and vice-president, exploration, for Q2 Metals, has reviewed and approved the technical information in this news release.

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