MetalQuest Mining Provides Shareholder Update for Upcoming Annual General and Special Meeting, Including a Summary of the Company’s Project, Investments and Its Go Forward Plan
MetalQuest Mining TSX-V: MQM OTCQB:MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
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MetalQuest Mining Provides Shareholder Update
for Upcoming Annual General and Special Meeting,
Including a Summary of the Company’s Project, Investments and
Its Go Forward Plan
October 15th, 2025 , Vancouver, BC - MetalQuest Mining Inc. (TSX.V: MQM; OTCQB: MQMIF) (“MQM” or
“Company”) would like to provide an update to shareholders regarding its upcoming annual general and special
meeting to be held at its field office at 59 Burtch’s Lane, Rockport, ON, on Wednesday November 12, 2025 1:00pm
(Eastern Time) (the “Meeting”). It was recently announced that postal service will resume operations this coming
week when Canada Post workers will be pivoting from a nationwide strike to a rotating strike. Due to the rotating
strike and the uncertainty and instability ahead, the Company’s Notice of Meeting, Information Circular and related
proxy materials (the “Meeting Materials’) may not be delivered to shareholders prior to the Meeting in accordance
with regulatory requirements. The Company’s meeting is scheduled to be for the following purposes:
1. To receive and consider the financial statements of the Company for the fiscal year ended January 31, 2025,
and the auditors’ report thereon;
2. To re -appoint Shim & Associates LLP , Chartered Accountants, of Vancouver, British Columbia, as the
Company’s auditors for the ensuing year and to authorize the directors to fix their remuneration ;
3. To set the number of directors at three (3);
4. To elect directors for the ensuing year;
5. To consider and, if thought fit, with or without variation, pass an ordinary resolution approving the
Company's amended and restated 20% fixed stock option plan, as more particularly described in the
accompanying management information circular
6. To transact any other business which may properly come before the Meeting.
Electronic copies of the Meeting Materials will be filed and made accessible under the Company’s SEDAR+ profile
at www.sedarplus.ca and will be posted on the Company’s website at https://metalquestmining.com/investors/agm/
on October 16, 2025. Shareholders are encouraged to access the Meeting Materials via SEDAR+ and the Company’s
website.
Shareholders are not required to be present at the Meeting and can vote their shares in advance of the Meeting. All
proxies must be received by Computershare Investor Services Inc. by the proxy cut-off time on Friday November 7,
2025 by 1:00pm (Eastern Time).
If you are a registered shareholder and have not received your package of Meeting Materials, please contact
Computershare Shareholder Services at 1 -800-564-6253 to obtain your proxy form control number to be able to cast
your vote online at www.investorvote.com or vote by telephone by following the instructions on the form of proxy.
If you hold shares through an intermediary, such as a brokerage firm, please contact your broker representative directly
for a copy of the proxy form and voting instructions.
Meeting Materials will be delivered electronically to those who have consented to electronic delivery. Shareholders
who have not consented to electronic delivery may obtain copies as noted above or by contacting the Company’s
office at 1 -800-667-1870 or 1 -613-659-2773 or by email [email protected] for copies of the Meeting Materials
via email at no charge.
We encourage shareholders to read the ‘About MetalQuest Mining ’ found
below.
MetalQuest Mining TSX-V: MQM OTCQB:MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
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About MetalQuest Mining
MetalQuest Mining (MQM) owns a 100% of Lac Otelnuk and is working to develop one of the largest Iron ore
projects in North America. The Lac Otelnuk Iron Ore Project is located in Quebec’s Labrador Trough and is
approximately 165 km by air northwest of the Town of Schefferville, and 1200 km northeast of Montreal by
air. The Quebec government has transferred a 100% of the claims into MQM’s name and management is accumulating
a vast amount of technical data as approximately over $120 million has been expended on the project to date .
Going forward, one of our primary objectives will be to continue to work with Naskapi First Nation of
Kawawachikamach with whom we have an Exploration and Pre-Development Agreement as of November 2023.
In June 2025, MQM signed the agreement with AtkinsRéalis, a world-class engineering services and nuclear
company with offices around the world to conduct a comprehensive Gap Analysis of the historic 2015
Feasibility Study (FS) for the Lac Otelnuk Iron Ore Project . The new studies will identify areas requiring
updates to align the historic 2015 Feasibility Study with current market dynamics, regulatory frameworks,
engineering best practices, and environmental standards. MQM’s management is continuing to develop its in -
house Iron ore database to enable the Company to secure an Option/Joint Venture partner, a private equity investor or
a major mining/steel company.
Equity Position in Canadian Copper Inc and Royalties on the Murray Brook Copper -
Polymetallic Project, New Brunswick
MQM also owns ~1.9 million shares (valued at approx. $646,000 on October 14th closing), 2.5 million warrants
of Canadian Copper Inc. (CCI) that are in the money for approx. $550,000. MQM also has owns NSR royalties
totaling 1% in Murray Brook PEA Stage Copper-Polymetallic Deposit, situated in the famous Bathurst Mining
District, New Brunswick, Eastern Canada.
Canadian Copper Inc (CCI) has the right to purchase half of a 0.33% royalty for $1 million dollars and must
pay MQM a pre- production cash payment of $1 million after the project goes into production .
Canadian Copper Inc. is completing a Preliminary Economic Assessment (PEA) on processing the Murray
Brook deposit at the Caribou Processing Complex. Release date is expected in the first half of 2025. CCI
recently secured a financing to acquire the Caribou complex . The Caribou Process Complex is approved and
maintains all required operating permits. See CCI’s website for further details.
Investors are invited to visit the MetalQuest Mining website at www.metalquestmining.com where they can review
the company and its corporate activities. Any questions or comments can be directed to Harry Barr
at [email protected] or Faraz Rasheed at [email protected] call 613 659 2773.
Opt-in List
If you have not done so already, we encourage you to sign up on our website (www.metalquestmining.com) to receive
our updated news.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
MetalQuest Mining TSX-V: MQM OTCQB:MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking
Statements: This release contains forward -looking statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statement s of
historical fact may be deemed to be forward -looking statements. In addition, forward -looking statements include statements in
which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”,
“strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These
statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety o f
important factors, i ncluding, among others, the Company’s ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different regulatory and legal requirements and restrictions that may
be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including
the most recent reports that identify important risk factors that could cause actual results to differ from those contained i n the
forward-looking statem ents. The Company does not undertake any obligation to review or confirm analysts’ expectations or
estimates or to release publicly any revisions to any forward -looking statements to reflect events or circumstances after the date
hereof or to reflect the o ccurrence of unanticipated events. Investors should not place undue reliance on forward -looking
statements.