Mr. John Karagiannidis reports

QIMC COMMENDS QUEBEC'S LONG-TERM CLEAN ENERGY STRATEGY AS THE PROVINCE ACCELERATES ITS LEADERSHIP IN GEOLOGIC NATURAL HYDROGEN

Quebec Innovative Materials Corp. has commended the government of Quebec on the release of its long-term energy policy, the Plan de gestion integree des ressources energetiques 2026-2050, which identifies geologic (natural) hydrogen as a strategic innovation sector and establishes a long-term policy framework to advance research, development and future commercialization as part of Quebec's transition to a lower-carbon economy.

The release of the PGIRE represents the latest milestone in Quebec's rapidly evolving natural hydrogen strategy, following the recent adoption of Bill 17, which established Quebec's legislative framework governing the exploration and development of naturally occurring hydrogen. Together, these initiatives provide a progressively clearer legislative, regulatory and policy framework intended to support the responsible advancement of Quebec's emerging geologic hydrogen industry.

Quebec Innovative believes its exploration activities, technical expertise and collaboration with government, indigenous partners and research institutions position the company to contribute meaningfully to Quebec's emerging geologic hydrogen industry.

The PGIRE establishes the following long-term objectives:

• Support a minimum of five geologic hydrogen research projects by 2035;
• Advance two geologic hydrogen exploitation (production) projects by 2050.

According to the government of Quebec's Plan de gestion integree des ressources energetiques 2026-2050, geologic hydrogen has been identified as an emerging innovation sector requiring a structured development pathway. The plan establishes objectives of supporting at least five geologic hydrogen research projects by 2035 and advancing two geologic hydrogen exploitation projects by 2050, reflecting Quebec's commitment to developing the regulatory, scientific and industrial framework necessary to responsibly advance this new energy resource. Quebec Innovative believes the policy direction outlined in the PGIRE provides greater regulatory clarity for companies evaluating investment opportunities in Quebec's emerging geologic hydrogen sector and supports continued collaboration among government, indigenous communities, local municipalities, academia and industry as Quebec advances its long-term natural hydrogen objectives.

Quebec Innovative has been actively advancing geologic natural hydrogen exploration within the Temiscamingue graben, where the company has developed one of Quebec's most comprehensive exploration programs through regional soil gas hydrogen surveys, geophysical investigations, drilling initiatives and collaborative partnerships with the Temiscamingue First Nation and leading research institutions. The company believes this work positions Quebec Innovative to contribute meaningfully to the next phase of Quebec's emerging natural hydrogen industry.

Leadership commentary

John Karagiannidis, chief executive officer and chairman of Quebec Innovative, stated: "Quebec and Nova Scotia continue to distinguish themselves among the world's most forward-looking and pro-active jurisdictions for geologic natural hydrogen. The progression from Bill 17 to the PGIRE demonstrates a commitment to providing industry with a transparent framework for responsible exploration, innovation and future commercial development. Most recently, QIMC was invited to appear before the National Assembly during consultations on Bill 17 to share our technical experience and perspectives on the responsible development of Quebec's geologic hydrogen resources. We believe today's announcement demonstrates the province's continued commitment to building a clear, science-based framework for this emerging industry."

Andre Turmel, executive chairman of Quebec Innovative, added: "The speed with which Quebec has moved from legislative modernization to a comprehensive long-term energy strategy sends a strong signal that the province intends to establish itself as one of the world's leading jurisdictions for the responsible development of naturally occurring hydrogen. We commend the government for its vision and look forward to working collaboratively with the Ministry of Economy, Innovation and Energy, the Temiscamingue First Nation, researchers, and other stakeholders as Quebec advances toward pilot projects and, ultimately, commercial production."

Quebec Innovative well positioned for the next stage

Since 2025, Quebec Innovative has built a strong technical foundation to support the next phase of Quebec's natural hydrogen industry through exploration, technical innovation and collaboration:

• Secured a 5,000-metre diamond drilling permit in Quebec;
• Completed one of Quebec's largest regional soil gas hydrogen exploration programs;
• Conducted extensive geophysical surveys across the Temiscamingue graben;
• Advanced proprietary exploration methodologies for naturally occurring hydrogen systems; and
• Established collaborative relationships with the Temiscamingue First Nation, research institutions and government stakeholders.

Quebec Innovative is evaluating the development of a pilot project under Quebec's new legislative framework, which the company believes will play an important role in advancing scientific understanding of naturally occurring hydrogen systems while evaluating future production concepts under real operating conditions.

With the combined implementation of Bill 17 and the PGIRE 2026-2050, Quebec Innovative believes Quebec has established one of North America's most progressive policy frameworks for the responsible development of geologic natural hydrogen. Quebec Innovative believes that Quebec and Nova Scotia are both well positioned to become international centres of excellence for naturally occurring hydrogen exploration, innovation and responsible development.

About Quebec Innovative Materials Corp.

Quebec Innovative is a North American exploration and development company advancing a portfolio of natural hydrogen and critical mineral interests. The company is advancing its exploration programs across Quebec, Ontario, Nova Scotia and Minnesota through the application of its proprietary R2G2 framework.

Quebec Innovative is focused on responsible exploration, technical innovation and the advancement of natural hydrogen opportunities that may contribute to future clean energy development initiatives. The company's exploration at the Advocate area involves no hydraulic fracturing and no reservoir stimulation.

We seek Safe Harbor.