Mr. John Karagiannidis reports

QIMC REPORTS MAJOR ADVANCEMENTS IN VILLE MARIE GEOPHYSICAL SURVEYS FOR NATURAL HYDROGEN DISCOVERY AND LAUNCHES UNDERWATER HYDROGEN EXPLORATION AND SAMPLING

Quebec Innovative Materials Corp. has shared a major advancement in our geophysical and gravimetric surveys for the Ville Marie natural hydrogen discovery, further demonstrating the company's dedication to its precise and data-driven hydrogen exploration. This recent survey encompassed over 1,000 gravimetric measurements, carefully conducted at 50-metre intervals across an expansive 80-square-kilometre area in the St-Bruno-de-Guigues region. These efforts are critical in evaluating the thickness of sedimentary rock layers that overlay the Archean volcano-plutonic greenstone belt, providing essential insights into the conditions for hydrogen formation and migration.

The company's team is now performing advanced 2-D and 3-D inversion analysis on this comprehensive gravimetric data set. These analyses will enable the company to create detailed gravimetric models for St-Bruno-de-Guigues, which will integrate seamlessly with data from the central and southern areas to establish a district-scale gravity model. This model will further enhance the company's geological understanding and help identify prime locations for the hydrogen and helium conduits.

The company is also optimizing parameters for a coming electromagnetic survey (time-domain electromagnetic), scheduled for winter 2024 into early 2025. Quebec Innovative Materials' proprietary TDEM system, designed specifically for hydrogen and helium prospecting, is a cutting-edge ground-based system that provides high-resolution electrical resistivity and chargeability profiles. With penetration depths of 100 metres to 200 metres and horizontal resolutions as fine as 15 centimetres, this system is vital for identifying key hydrogen conduits and mapping bedrock fracture networks hidden beneath layers of glaciolacustrine sediments. The resulting structural insights will be instrumental in guiding soil-gas prospecting and drilling efforts to pinpoint natural-hydrogen-dominant advective conduits.

Hydrogen and helium model

Following a successful hydrogen prospecting season in summer 2024 (where the company's dedicated field team collected 1,100 samples, exceeding its original targets by double), Quebec Innovative Materials is setting ambitious goals for helium prospecting, with a comprehensive soil sampling program planned for 2025.

"As our geological model suggests, helium and hydrogen in this area appear to be generated through similar geological processes," notes Prof. Marc Richer-Lafleche. "This model reveals a distinct distribution pattern: a helium-hydrogen mix towards the west, influenced by the Cobalt group's arkosic rocks, which are rich in potassium and actinides, and a hydrogen-rich concentration towards the east, associated with the Baby group's iron greenstone belt, where rocks are comparatively lower in potassium and actinides," stated Prof. Richer-Lafleche.

"This insight aligns with our strategy to efficiently explore and develop both helium and hydrogen along our Ville-Marie district," said John Karagiannidis, chief executive officer of Quebec Innovative Materials.

Underwater hydrogen surveys

Quebec Innovative Materials and the INRS (Institut National de la Recherche Scientifique) team will be deploying an aquatic probe specifically designed to measure dissolved hydrogen concentrations in the waters of Lake Temiscamingue. "By analogy with the detection of hydrogen in soils (soil gas), the possibility of quantitatively measuring hydrogen concentrations in water will contribute to our model of hydrogen transfer mechanisms in the structures of the Lake Temiscamingue graben," noted Mr. Karagiannidis. These structures have been well documented by sonar and Chirp imagery and by seismic reflection surveys carried out by the Geological Survey of Canada.

The approach adopted by Quebec Innovative Materials and INRS is based on techniques for detecting methane in aquatic environments and oceanographic techniques for detecting hydrothermal vents on mid-ocean ridges. The proprietary probe used can measure hydrogen and other important parameters such as bathymetry, water temperature and pH and identify the advective conduits/chimneys.

The probe will be deployed in the winter of 2024 and early 2025 using holes drilled in the frozen surface of Lake Temiscamingue. For each hole, measurements will be taken at varying depths, producing kilometre-long sections of dissolved hydrogen concentrations in the lake. Among other things, the team will be paying particular attention to faulted sectors in the deepest parts of Lake Temiscamingue.

The winter survey will be followed by aquatic acquisitions using a boat and small craft capable of navigating Lake Temiscamingue and the Riviere a la Loutre (St-Bruno-de-Guigues), the Petite Riviere Blanche (Duhamel-Ouest) and the Riviere Blanche (Notre-Dame-du-Nord sector). These rivers flow through areas of sedimentary rock in the Temiscamingue graben.

"Lac Kipawa is a demonstration that regional seismicity causes an ascent of gas towards the subsurface. This is a demonstration on a human scale of the fast and dynamic gas transfer process in the Temiscamingue graben," stated Prof. Richer-Lafleche. "What is interesting is that Lake Kipawa is to the south of our property and Notre-Dame-du-Nord to the north [of] St-Bruno. Between the two, we have our hydrogen-rich and HE/hydrogen-rich sector," further noted Prof. Richer-Lafleche.

Quebec Innovative Materials to exhibit at Reuters Live energy conference in Houston

Quebec Innovative Materials is pleased to announce its participation in the coming Reuters Events: Hydrogen North America 2024 in Houston on Dec. 4 and Dec. 5, 2024. The company is excited to showcase its innovative solutions and projects in the rapidly evolving hydrogen sector. You can find Quebec Innovative Materials at booth No. 315 in the hydrogen section, where the company's team will be available to discuss its continuing efforts and future initiatives aimed at driving sustainable growth and decarbonization in the energy industry. Quebec Innovative Materials looks forward to connecting with industry leaders and exploring opportunities for collaboration as the company works toward a cleaner and more resilient energy future.

Quebec Innovative Materials is committed to leveraging proprietary state-of-the-art geophysical technologies and methodologies to responsibly unlock the natural hydrogen potential in Temiscamingue, supporting a sustainable, cleaner energy future. Quebec Innovative Materials looks forward to sharing further updates on its progress and insights from these advanced surveys.

About the INRS and Prof. Marc Richer-LaFleche, PGeo

The Institut National de la Recherche Scientifique (INRS) is a high-level research and training institute. Prof. Richer-LaFleche's team has exceptional geological, geochemical and geophysical experience specifically in the regions of Quebec Innovative Materials' newly acquired claims. It has carried out over six years of geophysical and geochemical work and collected thousands of C1-C4 soil-gas analyses.

Prof. Richer-LaFleche also holds an FRQNT (Fonds de recherche du Quebec) grant, in partnership with Quebec MRN and the mining industry, to develop and optimize a soil-gas method for the direct detection of mineralized bodies and faults under Quaternary cover. In addition to sulphide gases, hydrogen was systematically analyzed in the numerous surveys carried out in 2023 in Abitibi and Temiscamingue and also in the Quebec Appachian. Prof. Richer-LaFleche is the qualified person responsible for the technical information contained in this news release and has read the information contained herein.

In addition, the INRS team has several portable gas spectrometers and the sampling equipment and logistics necessary for taking gas samples and geophysical measurements on the ground or in the aquatic environment. He is a professional geologist registered with the Ordre des geologues du Quebec and is the qualified person responsible for the technical information contained in this news release and has read and approved the information contained herein.

About Quebec Innovative Materials Corp.

Quebec Innovative Materials is a mineral exploration and development company dedicated to exploring and harnessing the potential of Canada's abundant resources. With properties in Ontario and Quebec, Quebec Innovative Materials is focused on specializing in the exploration of white (natural) hydrogen and high-grade silica deposits. Quebec Innovative Materials is committed to sustainable practices and innovation. With a focus on environmental stewardship and cutting-edge extraction technology, the company aims to unlock the full potential of these materials to drive forward clean energy solutions to power the AI (artificial intelligence) and carbon-neutral economy and contribute to a more sustainable future.

We seek Safe Harbor.