Quantum Battery Metals Acquires Rose WEST Lithium Property and Announces Sostad as CEO
NEWS RELEASE
April 23, 2021
QUANTUM BATTERY METALS ACQUIRES ROSE WEST LITHIUM PROPERTY AND ANNOUNCES
SOSTAD AS CEO
Vancouver, British Columbia – Quantum Battery Metals Corp. (CSE: QBAT; OTC: BRVVF; FRA:
23B) (“Quantum” or the “Company”) announces that the Company has closed the previously
announced share exchange agreement with 1296991 B.C. Ltd. (“1296991”) and the
shareholders of 1296991 (collectively, the “Vendors”) to acquire 100 percent of the outstanding
shares of 1296991.
About 1296991 B.C. Ltd.
1296991 B.C. Ltd . holds a n option o ver the surface access rights, mineral rights, m ineral
exploration data and permits to thirty-two (32) mining claims comprising the Rose West Lithium
Project. In order to exercise the option Quantum will have to issue 1,000,0 00 common shares
over two years, pay $100, 000 in cash over two years and spend $360, 000 in exploration
expenditures
About the Rose West Lithium Project
Rose West Lithium Project consists of 32 m ining claims covering approxi mately 1,695 hectares
area on NTS map 33C01 on the territory of Eeyou Istchee in James Bay area, Quebec, Canada. It
is located about 40 km north of Cree Village of Nemaska located about 300 km northwest of
Chibougamau. Located in a prem ier mining jurisdict ion in Quebec, the property i s accessible
through the James Bay Road that connects Matagami and Radisson (highway Route/109 from
Val d’Or). It is also accessible by road via the Route du Nord, usable all year round from
Chibougamau.
Highlights of the project
• Road accessible all year round
• Centrally located in a lithium rich geologic sub-province
The mining claims are adjacent and west of Ros e Lithium Project, owned by Critical Elements
Lithium Corporation . The Rose P roject has probable reserves of 26.8 million tons at 0.96%
lithium oxide equivalent (Li2O Eq) or indicated resource of 30,000,000 tons at 1.04% Li2O Eq.
The Rose West L ithium property is underlain by similar geology as th at of the Ros e Lithium
Deposit and are comprised of volcano-sedimentary units and ultramafic to felsic int rusions.
Gabbros, pyroxenites, and diorites crosscut the Property geology. Pegmatites occur as irregular
but generally continuous lenses within biotite schists in paragneiss, quartzite and
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conglomerate. The rock uni ts are generally well foliated with a SE orientation, except for the
more massive and unfoliated granites and pegmatites . Younger rocks of the property are
represented by a Proterozoic diabase dyke.
Mineralization recognized to date in the area includes rare -element lithium -cesium-tantalum
(LCT) bearing pegmatites, and molybdenum occurrences. The geological reports of the area
indicate that pegmatite dykes generally strike WSW-ENE with dips of 60 degrees or steeper.1
Agreement terms
Quantum has issued 7,000,000 common shares to the Vendors in exchange for 100 percent of
the outstanding shares of 1296991.
Appointment of CEO
The Company would also like to announce the appointment of Andrew Sostad to the board of
directors and CEO of the Company, in which David Greenway will be stepping down as CEO. Mr.
Greenway will remain as a director on the board.
Andrew Sostad is a fourth-generation mining professional with more than 25 years’ experience
in mineral explorat ion. He has been involved in the acquisit ion, exp loration, and grassroots
development of mineral properties throughout North America , South America and Eu rope.
Andrew’s experience is far reaching and has taken him as far south as Ecu ador to evaluate
artisan gold mines in the Ecuadorian Amazon, as far east as Spai n to evaluate gold and silver
properties and as far north as the Arctic Ci rcle where Andrew was involved in the claim staking
and geophysical surveys for BHP which led to the discovery of Canada's f irst diamond min e.
Andrew has worked with many junior exploration companies and managed crews for numerous
exploration programs.
Larry Segerstrom, M.Sc. (Geology), P.Geo., an independent consultant, is a Qualified Person as
defined by National Instrument 43 -101 ("NI 43 -101") and has reviewed and approved the
contents of this news release.
QUANTUM BATTERY METALS CORP.
“Andrew Sostad”
_______________________
Andrew Sostad, CEO and Director
Contact Information:
400 – 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
1 Géologie Québec - Results of the query (gouv.qc.ca)
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Phone: 604.629.2936
Email: [email protected]
Forward-Looking Informatio n This n ews r elease includes certain statements that may be
deemed "forward-looking statements". All statements in this release, o ther than statements of
historical facts, that address events or dev elopments that Quantum Battery Metals Corp. (the
"Company") expects to occur, are forward-looking statements. Forward-looking statements are
statements t hat a re not his torical facts and ar e generally, bu t not always, identified b y the
words "exp ects", "pl ans", "an ticipates", "believes", "intends", " estimates", "projects" ,
"potential" and similar expressions, or that events or conditions "will", "would", "may", "could"
or "should" occur. Although the Company believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are n ot guarantees
of future performance and actual results may differ materially fr om those i n the forward -
looking statements. Factors that could cause the actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration successes, and
continued avai lability of capital and f inancing, and general economic , market or bus iness
conditions. Inve stors are cau tioned that any s uch state ments are no t guarantees of future
performance and actual results or de velopments may differ materially from those projected in
the forward -looking st atements. Forward-looking stat ements are base d on t he belie fs,
estimates and opi nions of the Company's management on t he date the statements a re made.
Except as req uired by appl icable securities laws, the Company undertakes no obli gation to
update these forward-looking statements in t he event that management's beliefs, estimates or
opinions, or other factors, should change.