Q PRECIOUS ARRANGES $1.5-MILLION PRIVATE PLACEMENT

Mr. Richard Penn reports

Q PRECIOUS & BATTERY METALS CORP. ANNOUNCES PRIVATE PLACEMENT

Q Precious & Battery Metals Corp. has arranged a proposed private placement offering as follows.

The offering consists of up to 16,666,667 flow-through units at a price of nine cents per flow-through unit for gross proceeds of up to $1.5-million. Each flow-through unit will consist of one flow-through common share and one-half of one non-flow-through common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 12 cents per share for a period of two years from the date of issuance.

Subscribers may elect to purchase flow-through shares without warrants at nine cents per flow-through share.

The company may pay finders' fees of up to 10 per cent in cash, issue finder warrants equal to 5 per cent of the number of flow-through units or flow-through shares sold, and issue bonus shares equal to 4 per cent of the number of flow-through units or flow-through shares sold. Each finder warrant will be exercisable at a price of nine cents per share for a term of two years.

The offering is subject to the approval of the Canadian Securities Exchange. The securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance.

Proceeds of the offering will be used to finance mineral exploration activities.

We seek Safe Harbor.