QUEXF

Queensland Gold Hills Corp

Early-stage project in James Bay shows scale as drilling supports upcoming resource estimate What is Q2 Metals working toward at its lithium project? Q2 Metals is advancing its lithium exploration project in Quebec’s James Bay region toward an initial resource estimate, with ongoing drilling defining a large mineralized zone and supporting a preliminary economic assessment. Lithium exploration often starts with one key question: Is there enough scale to build a resource? Q2 Metals is working to answer that. The company is focused on its lithium project in James Bay, Quebec, a region that has become a focal point for North American lithium exploration. While still considered an early-stage project, drilling completed to date has already outlined a large mineralized zone, suggesting meaningful potential. Management describes the current phase as one of definition and validation. Ongoing drilling is aimed at refining the extent of mineralization and gathering the data required for a maiden resource estimate. That resource estimate is expected to be a key milestone, marking the transition from exploration toward early-stage development. From there, the company plans to move directly into a preliminary economic assessment (PEA). This progression—drilling, resource, economic study—is a typical pathway for lithium projects as they move closer to potential development. Timing also plays a role. Lithium remains a critical component in battery technologies, supporting electric vehicles, energy storage, and broader electrification trends. As demand for battery metals continues to grow, projects in established jurisdictions like Quebec may attract increased attention. For more information on Q2 Metals Corp. (TSX.V: QTWO, OTCQB: QUEXF), please click the request investor info button. ‍

Ongoing drilling defines scale as company prepares for maiden resource and economic study Why are investors watching Q2 Metals’ lithium project? Q2 Metals is defining a large lithium-bearing system in Quebec through active drilling, with plans to deliver a maiden resource estimate and advance quickly toward an economic study. In early-stage lithium exploration, progress is measured in steps. Each one reduces uncertainty. Q2 Metals is moving through those steps. The company is advancing its lithium project in Quebec’s James Bay region, where drilling has already identified a significant mineralized system. While the project is still in its early stages, the scale defined so far has become a key focus. Current drilling is aimed at building a clearer picture of the deposit, supporting the company’s upcoming maiden resource estimate. That milestone is expected to provide investors with a more defined understanding of the project’s size and potential. From there, the company plans to move directly into a preliminary economic assessment, shifting the project from pure exploration toward early development analysis. This accelerated progression reflects a strategy focused on quickly defining value and testing economic potential. The broader context also matters. Lithium remains a core material in the global transition toward electrification, with demand tied to electric vehicles, energy storage, and grid infrastructure. Projects located in established mining regions like Quebec may benefit from infrastructure, regulatory clarity, and growing industry attention. For more information on Q2 Metals Corp. (TSX.V: QTWO, OTCQB: QUEXF), please click the request investor info button. ‍