BRIEF

on Q2 Metals Corp. (isin : CA74830U1049)

Q2 Metals Announces $7.5 Million Private Placement

Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) has arranged a non-brokered private placement to raise up to $7.5 million. The placement includes up to 10.8 million Charity Units at $0.4625 per unit for gross proceeds of $4.995 million. Each Charity Unit consists of one flow-through common share and half a share purchase warrant, exercisable for two years at $0.50 per share.

The offering also includes up to 1 million FT Units at $0.35 per unit, raising up to $350,000, and up to 8.62 million NFT Units at $0.25 per unit for an additional $2.155 million. Gross proceeds from Charity and FT Units will fund Canadian exploration expenses on Q2's lithium projects in Quebec, qualifying under relevant tax acts. NFT Unit proceeds will cover general working capital.

Completion is expected around July 31, 2024, subject to conditions and TSX Venture Exchange acceptance. Issued securities will have a hold period of four months plus one day. The offering does not constitute a sale in jurisdictions where it would be unlawful.

R. E.

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