Q PRECIOUS CLOSES $486,000 FIRST TRANCHE OF PLACEMENT

Mr. Richard Penn reports

Q PRECIOUS & BATTERY METALS CORP. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FOR $886,000

Q Precious & Battery Metals Corp. has closed the first tranche of its previously announced private placement offering (see press release dated Oct. 16, 2025).

The company issued 5.4 million flow-through units (FT units) at a price of nine cents per FT unit for gross proceeds of $486,000. Each FT unit consists of one flow-through common share and one-half of one share purchase warrant. Each whole FT unit warrant entitles the holder to purchase one common share at a price of 1.2 cents per share for a term of two years from the date of closing.

The company also issued 4,444,444 flow-through shares (FT shares) at a price of nine cents per FT share for gross proceeds of $399,999.96

The company will pay finders' fees to eligible finders of up to 10 per cent in cash, issue finders' warrants equal to up to 5 per cent of the number of FT units or FT shares sold, and issue compensation shares equal to up to 4 per cent of the number of FT units or FT shares sold. Each finder's warrant is exercisable at a price of nine cents per share for a term of two years.

The proceeds from the offerings will be used to finance mineral exploration activities.

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

We seek Safe Harbor.