QI Materials Reports High-Grade Results from Channel Sampling

Lachute, Quebec--(Newsfile Corp. - April 26, 2023) - Québec Innovative Materials Corp. (CSE: QIMC) ("QI Materials" or the "Company") is pleased to announce high-grade purity results from the channel sampling performed on the Main Zone of the company's wholly owned Charlevoix Silica Project.

In the summer and fall of 2022, the Company stripped the overburden off the Main Zone silica outcrop (Figure 1). A series of 16 channels were cut across the stratigraphy and sampled at one (1) metre long intervals as seen in Figure 2. Approximately 50% of the channel samples were sent to ALS Global for purity analysis, the remaining samples were delivered to the Institute National Research Scientifique (INRS) in Québec City for further analysis.

Figure 1 - Aerial photograph of the Charlevoix Silica Project Main Zone.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7968/163763_84b6b82c04454ba0_002full.jpg

As shown in Figure 2, the results of the purity analysis suggest that the majority of the Main Zone outcrop is comprised of high-grade silica, returning an average grade of 98% purity. A few outliers of low-grade samples were also identified and typically occur at the periphery of the outcrop at the contact with the host rock, as well as a discrete horizon within the outcrop. The low-grade samples are easily identifiable to the naked eye, and contain mostly mica (biotite and muscovite), and feldspar as contaminates. QI Materials is working closely with the INRS to develop the sorting and separation methods necessary to remove the contaminate minerals.

Figure 2 - Channel sample purity results from Charlevoix Silica Project Main Zone.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7968/163763_figure2.jpg

Raymond Wladichuk, P.Geo., is the CEO of Quebec Innovative Materials Corp., and a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects has reviewed and approved the scientific and technical information contained within this news release.

About Québec Innovative Materials Corp.

Québec Innovative Materials Corp. (CSE: QIMC) (formerly Québec Silica Resources Corp.) is a mineral exploration, and development company with a diversified portfolio of natural resource assets including silica, hydrogen, and helium properties. QIMC is working toward becoming a sustainable supplier of resources which are essential in advanced batteries and the electrification of the new green economy. The Company has a 100% interest in the Charlevoix Silica Project, near Clermont, Québec, Canada as well as its various other silica properties in Québec.

Additional information on Québec Innovative Materials is available at www.qimaterials.com.

On Behalf of the Board of Directors,

QUÉBEC INNOVATIVE MATERIALS CORP.

"Raymond Wladichuk, P.Geo."
Chief Executive Officer

For further information, please contact:
Investor Relations
Tel: 1(514) 358-8840
Email: info@qimaterials.com

Neither the Canadian Securities Exchange nor it's Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Québec Innovative Materials' actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Although Québec Innovative Materials believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the COVID-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Québec Innovative Materials Corp. to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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