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QTWO.V ·

Q2 Metals Provides Update on 2023 Exploration Campaign

Exploration Programs

Q2 Metals Provides Update on 2023

Exploration Campaign

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2023) -

Q2 Metals Corp. (TSXV: QTWO)

(OTCQB: QUEXF) (FSE: 458)

("

Q2

" or the "

Company

") announces that due to active forest fires in

northern Quebec, the Quebec Ministry of Natural Resources and Forests has banned forest access and

closed all roads in the Eeyou Istchee James Bay region. As a result, the Company has temporarily

ceased field activities and the crew and equipment have been withdrawn from the Mia Property and

camp.

"Upon receiving the notice from the Ministry of Natural Resources and Forests, our focus is centered on

the health and safety of the local community," said Q2 President and Chief Executive Officer, Alicia

Milne. "Once the fire risk has subsided, we will resume our exploration program."

The Company is actively monitoring the situation and will provide further updates as information

becomes available.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration of its

8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay area of Quebec, Canada which

is host to the Mia Li-1 and Mia Li-2 occurrences which grade 0.47% Li

2

O and 2.27% Li

2

O respectively.

The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located

approximately six kilometres north of its Mia Lithium Property in Eeyou Istchee James Bay.

Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110

km² in the Talgai Goldfields of the broader Warwick-Texas District, hosting 54 high-grade historical gold

mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne

President & CEO

[email protected]

Kevin Bottomley

Director

[email protected]

Jason McBride

Corporate Communications

[email protected]

Telephone:

1 (800) 482-7560

E-mail:

[email protected]

Follow the Company:

Twitter

,

LinkedIn

,

Facebook

, and

Instagram

.

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 based on a number of material

factors and assumptions. Factors that could cause actual results to differ materially from those in

forward-looking statements include failure to obtain necessary approvals, 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, 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

impacts 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.sedar.com

.

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/168796