QMC COMPLETES PRIVATE PLACEMENT

October 19, 2020 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ)  (OTC PINK: QMCQF) (“QMC” or “the Company”) has closed its previously announced financing for gross  proceeds of $750,000 through the issuance of 7.5-million units at $0.10 per unit, where each unit will consist of one  common share and one common share purchase warrant exercisable at $0.16 per warrant for a period of 24 months,  in the event that the closing price of the Company’s shares as quoted on the TSXV exceeds $0.25 per share for ten  consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders,  within five days of such event, thereof, and in such case, the warrants will expire on the 30th day after the date on  which such notice is given by the Company.  

As per Multilateral Instrument 61-101, there were no purchases by insiders. 

In connection with the private placement, the Company paid finder’s fees to arm’s length third parties consisting of  $4,000 cash. 

All shares to be issued pursuant to the financing will be subject to a four-month plus a day hold period under applicable  securities laws in Canada.  

The Company intends to use the net proceeds from the private placement for working capital, advancing its mineral  properties, and general corporate purposes.  

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 

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