Q Battery Metals Corp. Acquires Pontax Lithium Project James BAY Region, Quebec
Q BATTERY METALS CORP.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.qmetalscorp.com
Q BATTERY METALS CORP. ACQUIRES PONTAX LITHIUM PROJECT
JAMES BAY REGION, QUEBEC
August 1, 2023, Vancouver, B.C. – Q Battery Metals Corp (“Q Battery” or the “Company) is very pleased
to announce that it has entered into a share purchase agreement with 1412814 BC Ltd. and its
shareholders to acquire 100% of the issued and outstanding common shares of 1412814 BC Ltd. (“814BC”)
in exchange for 5,800,000 common shares of the Company . 814BC owns mineral claims in the Pontax
River area of the James Bay region of Quebec.
The transaction is subject to the approval of the Canadian Securities Exchange. The transaction as
proposed does not constitute a fundamental change or result in a change of control of the Company,
within the meaning of the policies of the CSE.
The claims cover 5,376 hectares in 1 01 contiguous claims located within the “Lithium Triangle”. The
property is surrounded by other significant lithium plays including: Patriot Battery Metals Pontax project,
Brunswick Exploration, Stria Lithium properties, and the Li-FT Power Ltd. large land package including the
Moyenne Project. The newly acquired Q Battery Metals property is strategically posi tioned in an
exceptionally active and promising area for lithium explora tion. The reader is cautioned that potential
lithium resources that exist on properties outside of the Pontax Lithium Project claims are not direct
indicators of lithium mineralization on the Pontax Lithium Project.
The Q Battery Metals Pontax River property is an exploration stage project that has potential for hosting
LCT pegmati tes and associated lithium mineralization. The property’s vicinity to fertile peraluminou s
granite bodies, as well as being close to other known lith ium deposits in the region provides strong
incentive for lithium exploration. The granitic bodies and host lithologies are underexplored and need to
be prospected for pegmatite bodies.
Q Battery Metals geologic team is in the process of compiling all available data for the Pontax River project
in preparation for a Phase I exploration program. An initial geologic mapping and prospecting site
reconnaissance is scheduled to be completed this summer.
Q Battery Metals is also exploring their La Corne South lithium project located north of Val d’Or, and their
Pegalith lithium project located north o f Gatineau, Quebec. The Pontax, La Corne, and Pegalith projects
each have a variety of exploration targets, with the La Corne South currently being the project of
immediate interest to Q Battery Metals for lithium potential. Rock samples taken from the La Corne South
are currently at the laboratory for analysis (see Q Battery news release dated June 20, 2023 ), and the
geologic team is preparing to return for continued targeted sampling in August.
Q Battery exploration programs in Quebec are supervised by Dr. Mathieu Pich é, OGQ , who is also a
Company director.
Perry Grunenberg, PGeo, a qualified person as that term is defined under NI 43 -101, has reviewed and
approved the technical information in this news release.
Location Map of Q Battery Metals- Pontax Lithium Project in James Bay, Quebec
Location Map of Q Battery Metals-Pontax Lithium Project in James Bay, Quebec
Cautionary Statement
This press release contains forward -looking statements based on assumptions as of that date. These
statements reflect management’s current estimates, beliefs, intentions and expectations; they are not
guarantees of future performance. The Company cautions that all forward -looking statements are
inherently uncertain and that actual performance may be affected by a number of material factors, many
of which are beyond the Company’s control. Such factors include, among other things: risks and
uncertainties relating to exploration and development; the ability of the Company to obtain additional
financing; the Company’s limited operating history; the need to comply with environmental and
governmental regulations; fluctuations in the prices of commodities; operating hazards and risks ;
competition and other risks and uncertainties, including those described in the Company’s Prospectus
dated September 8, 2017 available on www.sedar.com. Accordingly, actual and future events, conditions,
and results may differ materially from the estima tes, beliefs, intentions, and expectations expressed or
implied in the forward-looking information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923