QMC Applies for Warrant Extension

October 11, 2022 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (“QMC” or "the Company") has filed to extend the expiration of date of 4,750,000 common share purchase warrants by two years. The warrants are exercisable into common shares of the company at a price of $0.16 per share. The warrants were issued pursuant to a nonbrokerage private placement of 7.5-million units at a price of $0.10 per unit on October 19, 2020. The warrants are due to expire on October 19, 2022 and, subject to TSX Venture Exchange approval, will have an amended expiry of date of October 19, 2024. All other terms and conditions of the warrants, including the exercise price, remain the same.

About the Company

QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop precious, base and rare metal resource properties of merit. The Company’s properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba.

On behalf of the Board of Directors of

QMC QUANTUM MINERALS CORP.

“Balraj Mann”

Balraj Mann President and Chief Executive Officer 604-601-2018

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Suite 440 - 755 Burrard Street, Vancouver, British Columbia V6Z 1X6 Tel: (604) 601-2018 I email: [email protected] I web: www.qmcminerals.com