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QTWO.V ·

Q2 Metals Appoints Geneviève Morinville as Vice President – Sustainability and Regulatory Affairs for the Cisco Lithium Project in Eeyou Istchee James Bay,

Management Changes

Q2 Metals Appoints Geneviève Morinville as Vice President – Sustainability and

Regulatory Affairs for the Cisco Lithium Project in Eeyou Istchee James Bay,

Quebec, Canada

Vancouver, British Columbia, August 10, 2026 – Q2 Metals Corp. (TSX.V: QTWO | OTCQB:

QUEXF | FSE: 458) (“ Q2” or the “Company ”) is pleased to announce the appointment of Dr.

Geneviève Morinville as Vice President – Sustainability & Regulatory Affairs.

In this role, Dr. Morinville will lead the Company’s environmental, sustainability and regulatory

initiatives as Q2 advance s its Cisco Lithium Project from exploration through Preliminary

Economic Assessment (“ PEA”) studies and into subsequent phases of engineering and project

development. She will oversee environmental and social baseline programs, environmental and

social impact assessment processes and the development and implementation of the Company’s

comprehensive sustainability strategy.

Dr. Morinville brings more than twenty years of experience

managing environmental, social, and governance ( “ESG”)

matters, primarily within Canada’s mining sector . She has

successfully led corporate sustainable development

strategies in the Eeyou Istchee James Bay region of Québec,

Canada, where she has built strong collaborative

relationships with Indigenous and non -Indigenous

communities and worked to maximize local participation

and long -term benefits throughout the project

development cycle.

Dr. Morinville holds a B achelor of Science in B iology and

Environmental Studies and a Ph.D. in Fisheries and Aquatic

Ecology, both from McGill University in Montreal, Quebec.

“Geneviève’s extensive experience leading permitting,

environmental assessment and sustainable development

initiatives will be invaluable as we advance the Cisco Lithium Project through its next stages of

development. Her combination of technical expertise, field experience and collaborative approach

make her uniquely qualified to balance environmental considerations and community priorities

with project advancement,” said Alicia Milne, Q2 Metals President and CEO . “We are delighted

to welcome Geneviève to our leadership team where she will play a critical role in ensuring that

Cisco is advanced responsibly, transparently and in a manner that delivers meaningful long-term

benefits for the communities and region in which we operate.”

TSX-V: QTWO

OTCQB: QUEXF

FSE: 458

Genevieve Morinville, Vice President -

Sustainability & Regulatory Affairs for Q2

Geneviève Morinville, Q2 Metals Vice President – Sustainability & Regulatory Affairs stated, “I

am excited to join Q2 Metals at such a pivotal stage in the advancement of the Cisco Lithium

Project. Cisco represents a compelling opportunity to help develop a globally significant lithium

project in Qué bec while establishing a strong foundation of environmental stewardship,

meaningful community engagement and shared regional benefits. I look forward to continuing to

work closely with Indigenous communities, local stakeholders and regulators to advance a

comprehensive permitting and sustainability strategy grounded in transparency, collaboration

and respect.”

Warrant Exercise

A total of 5,113,557 warrants issued in connection with the August 9 , 2024, private placement

financing, exercisable at a price of $0.50 per share, have been exercised for total proceeds to Q2

of $2,556,778.

As of August 10, 2026, the Company has a total of 1,429,000 warrants outstanding, as follows:

Warrants Exercise Price Expiry

780,000 C$0.90 August 14, 2028

649,000 C$2.45 May 26, 2029

Upcoming Events

Q2 will be attending the following conferences and events:

Ignite Conference Hong Kong October 14-15, 2026

IMARC Sydney, Australia October 27-29, 2026

XPLOR Montreal, Quebec November 2-5, 2026

Canaccord Genuity Australia

Metals & Mining Conference

Noosa, Australia November 11-13, 2026

Québec Mines + Énergie Quebec City, Quebec November 17-19, 2026

121 Conference London, UK November 23-24, 2026

ABOUT Q2 METALS CORP.

Q2 Metals is a Canadian mineral exploration company focused on advancing the Cisco Lithium

Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee,

James Bay region of Québec, Canada. The Cisco Deposit is strategically situated just 6.5 km from

the Billy Diamond Highway, providing access to rail infrastructure in the Town of Matagami, ~150

km to the south, with connections to deep seaports beyond.

The current Inferred Mineral Resource Estimate on the Cisco Deposit outlines a pit -constrained

resource of 270 Mt grading 1.36% Li 2O at a 0.4% Li 2O cut -off grade and an additional

underground-constrained resource of 24 Mt grading 1.34% Li 2O Inferred at a 0.7% Li 2O cut-off

grade. Together, these support a combined inferred mineral resource of 295 Mt grading 1.36%

Li2O. The Cisco Deposit remains open along strike, with several additional high -priority targets

identified across the broader 41,253 ha project area.

The 2026 exploration program is ongoing, with a primary focus on infill drilling aimed at

advancing the resource toward an indicated resource classification. The program also includes

targeted expansion drilling and regional exploration designed to evaluate high priority targets

surrounding the Cisco Deposit and across the broader project area.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne Jason McBride Chris Ackerman

President & CEO Investor Relations Manager Corporate Development

[email protected] [email protected] [email protected]

Telephone: 1 (800) 482-7560

E-mail: [email protected]

www.Q2Metals.com

Social Media:

Twitter, LinkedIn, Facebook, and Instagram

Qualified Person

Neil (Sage) McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit

holder with the Ordre des Géologues du Québec and member in good standing with the Professional

Geoscientists of Ontario. Mr. McCallum, a director and Vice Pres ident Exploration for Q2 Metals, has

reviewed and approved the technical information in this news release.

Forward-Looking Statements

This news release contains forward- looking statements and forward- looking information (collectively,

“forward-looking statements”) within the meaning of applicable Canadian legislation. Forward- looking

statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”,

“estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such

words and phrases and similar expressions, which, by their nature, refer to future events or results that

may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news

release that are not purely historical are forward- looking statements and include statements regarding

beliefs, plans, expectations and orientations regarding the future including, without limitation, any

statements or plans regard the geological prospects of the Company’s properties and the future

exploration endeavors of the Company. Although the Company believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions, such statements are not guarantees of

future performance and actual results or developments may differ materially from those in the forward-

looking statements. Forward- looking statements are bas ed on a number of material factors and

assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may

cause actual results to differ materially from those anticipated in such forward- looking statements. The

forward-looking statements in this news release speak only as of the date of this news release or as of the

date specified in such statement. Forward looking statements in this news release may include, but are

not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature

of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the

Company’s current and future exploration and drill programs, the scale, scope and location of future

exploration and drilling activities, the Company's expectations in connection with the projects and

exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration

results, potential mineralization, the estimation of mineral resources, exploration and mine development

plans, timing of the commencement of operations and estimates of market conditions. Factors that could

cause actual results to differ materially from those in forward-looking statements include failure to obtain

necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans

continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue

to be refined, results of future resource estimates, future metal prices, availability of capital and financing

on acceptable terms, reallocation of proposed use of funds, general economic, market or business

conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials

and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving

government approvals, unanticipated environmental i mpacts on operations and costs to remedy same.

Readers are cautioned that mineral exploration and development of mines is an inherently risky business

and accordingly, the actual events may differ materially from those projected in the forward- looking

statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s

Management Discussion and Analysis for its recently completed fiscal period, which is available under

Company’s SEDAR profile at www.sedarplus.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the

forward-looking statements prove incorrect, actual results may vary materially from those described

herein as intended, planned, anticipated, believed, est imated or expected. Although the Company has

attempted to identify important risks, uncertainties and factors which could cause actual results to differ

materially, there may be others that cause results not to be as anticipated, estimated or intended. The

Company does not intend, and does not assume any obligation, to update this forward-looking information

except as otherwise required by applicable law.

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.