BI-WEEKLY DEFAULT STATUS REPORT

January 13, 2021 – Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ)  (OTC PINK: QMCQF) (“QMC” or “the Company”) hereby provides a status update to the management cease trade  order (the “MCTO”) issued by the British Columbia Securities Commission on December 30, 2020. The MCTO was  issued in connection wit the delay by the company in filing its annual financial statements, management’s discussion  and analysis, and related officer certifications for the financial year ended August 31, 2020 (collectively, the “Annual  Filings”), before the prescribed deadline of December 29, 2020.  

The Company’s management continues to work diligently with its auditors toward completing the Annual Filings in  a timely manner. The Company anticipates that it will complete and file the Annual Filings by January 18, 2021.  

The Company intents to follow the provisions of the alternative information guidelines found in National Instrument  Policy 12-203 Management Cease Trade Orders for as long as the MCTO is in effect. Additionally, the Company  confirms that as of the date hereof, it is not aware of any other material information concerning its affairs which has  not generally been disclosed.  

About the Company  

QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of  resource properties. Its objective is to locate and develop economic precious, base, rare metal resource properties of  merit. The Company’s properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake  and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties  are located in Manitoba.  

On behalf of the Board of Directors of 

QMC QUANTUM MINERALS CORP. 

“Balraj Mann” 

Balraj Mann  

President and Chief Executive Officer  

604-601-2018  

To keep up with the current info on QMC Quantum Minerals Corp, be sure to join our Telegram chat room: http://t.me/quantummineralscorp 

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