Q2 Metals Corp. announced a non-brokered private placement of up to 10,800,000 charity units at a price of CAD 0.4625 per unit for the gross proceeds of CAD 4,995,000 and up to 1,000,000 flow-through units at a price of CAD 0.35 per share for the gross proceeds of CAD 350,000 and up to 8,620,000 non flow-through units at a price of CAD 0.25 per unit for the gross proceeds of CAD 2,155,000 for the total gross proceeds of CAD 7,500,000 on July 10, 2024. Each charity unit will consist of one flow-through common share of company and one half of one share purchase warrant.

Each Warrant will entitle the holder to acquire one additional non flow-through common share of company at a price of CAD 0.50 per share for a period of two years. Each FT Unit will consist of one FT Share and one half of one Warrant. Each NFT Unit will consist of one non-flow-through common share of company and one half of one Warrant.

The Company may pay finders? fees in accordance with the policies of the TSX Venture Exchange. Closing of the offering is subject to certain customary conditions, is expected to occur on or about July 31, 2024, and is subject to receipt of acceptance by the TSX Venture Exchange.

All securities issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws or the Exchange Hold Period under the policies of the TSX Venture Exchange.