Quebec Precious Metals Starts Second Drill at Sakami

2 dedicated drills following encouraging results from the 2019 program

MONTREAL, QC – February 27, 2020 / Quebec Precious Metals Corporation (TSXV:CJC)(FSE:YXEP)(OTC:CJCFF) (“QPM” or the “Company”) today reported the start of operation of the second drill rig on its 100% owned flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. The 25,000 m drill program is fully funded. Using the first drill rig, a total of 14 holes (3,103 m) have been completed by QPM since the beginning of the year. Results are pending.

The Company also announces the completion of the magnetic heliborne survey covering the Elmer East project (see press releases of January 28 and 30, 2020) located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. on its Elmer project. The results will help define the next exploration phase on the Project to be carried out by the Company in 2020.

Normand Champigny, CEO of QPM said, “The execution of the most significant drill program at Sakami is going well. Large sections of the project remain under explored. There will be significant news flow throughout the year on our drilling and surface exploration programs.”

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Jean-Sébastien Lavallée (OGQ #773), geologist, Vice-President Exploration, director and shareholder of the Company, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

July 02, 2020 Quebec Precious Metals Corporation commences the next phase of exploration on the Elmer East project, James Bay region, Quebec
June 23, 2020 Quebec Precious Metals Corporation Resumes Exploration on the Sakami Project
June 18, 2020 Quebec Precious Metals Drills 1.45 g/t Au over 35.4 m at La Pointe Extension Discovery
May 26, 2020 UrbanGold acquires key gold property in the Troilus area; Quebec Precious Metals monetizes non-core asset
April 29, 2020 Quebec Precious Metals: New Corporate Presentation
April 21, 2020 Quebec Precious Metals announces La Pointe Extension discovery: 1.15 g/t Au over 80.1 m at Sakami project, extends deposit 2 km in step-out drilling
March 25, 2020 Quebec Precious Metals concludes winter drilling activities at Sakami
March 13, 2020 Quebec Precious Metals appoints Tony Brisson as senior exploration manager
March 12, 2020 Quebec Precious Metals Announces U.S. Trading on OTCQB Venture Market Under Symbol CJCFF
February 27, 2020 Quebec Precious Metals Starts Second Drill at Sakami
February 18, 2020 Quebec Precious Metals Grants Stock Options
January 30, 2020 Quebec Precious Metals covers the Elmer East project with a heliborne geophysical survey along trend with Azimut’s gold discovery, James Bay, Quebec
January 28, 2020 Quebec Precious Metals generates the Elmer East project along trend with Azimut’s gold discovery, James Bay, Quebec
January 14, 2020 Quebec Precious Metals to Drill 25,000 m at Sakami