Quebec Pegmatite Holdings Corp. announced that Mike Stier has resigned as the Company's Chief Executive Officer effective immediately. Mr. Stier will continue to act a member of the Company's Board of Directors.

The Company would like to thank Mr. Stier for his contributions as the Company's Chief Executive Officer. The Company announced that Paul Ténière has been appointed as the Chief Executive Officer of the Company following Mr. Stier's resignation. Mr. Ténière is a Professional Geologist (P.Geo.) and an exploration, mining, and capital markets expert with 25 years of international experience taking precious metals, critical metals, and metallurgical coal deposits from the exploration stage to feasibility study stage and mine development.

Mr. Ténière is also recognized as an industry expert in NI 43-101, JORC, and S-K 1300 (U.S. SEC) technical disclosure standards and has served as President and CEO, Senior VP Exploration, and a Director of several private and public mining companies. As the Toronto Stock Exchange (TSX) Mining Expert and Senior Listings Manager, he approved the listing of numerous mining companies based on technical due diligence, resource and reserve model evaluations, and assessing corporate governance, management, and board suitability. He has a strong capital markets and corporate finance background evaluating mining equity/debt transactions based on technical, economic, environmental, and social factors, and has led extensive technical due diligence processes for IPO, RTO, and M&A transactions.