QMC WORK PROGRAM UPDATE ROCKY LAKE GOLD-COPPER-ZINC PROJECT

October 6, 2020 Vancouver, British Columbia: QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ)  (OTC PINK: QMCQF) (“QMC” or “the Company”) is pleased to announce an update on its Rocky Lake volcanic  massive sulphide (“VMS”) property. 

Highlights 

• District scale project with similar geology to the nearby Lalor (27Mt) and 777 (22Mt) mines 

• Previous drilling on Rocky Lake Property intersected significant VMS mineralization 

• Previous QMC drilling returned 10m of 0.48% copper (including 0.80% over 1m) 

The Rocky Lake VMS discovery within the company’s Namew Lake Project was discovered by HudBay Minerals Inc. (“HBM”) in 1987 through an airborne survey. This survey identified a 5km long conductor and was followed up  with ground EM surveys that outlined a 1,500m conductor. Historic HBM drilling on the property intersected 10.3m of mineralization grading 0.38% Cu (including 4.3m @ 0.67% Cu). This intersection included high-grade sections (up  to 3.0% Cu across 0.3m). Subsequent EM surveys, commissioned by QMC, suggest that some of the strongest portions  of the HBM electromagnetic anomaly have yet to be tested. On re-interpretation of the HBM drilling, the data suggest  that the HBM drill program was carried out on the footwall side of a potential mineralized body, thereby missing the  main target. Copper mineralization intersected in the HBM drilling is present as stringers which is currently interpreted  as representing footwall stringer mineralization adding credence to the interpretation that the main massive sulphide  mineralized body may well have been missed. 

Additional geophysical surveys undertaken for QMC over the conductor and subsequent detailed re-interpretation of  data suggest the conductor is seated at a depth of 200m and is at least 1,000m long. QMC believes that its recent  drilling confirmed the top of the conductor as two drill holes (RL 12-5 and RL 11-2) intersected significant visible  chalcopyrite mineralization. Drill hole RL 12-5 cut a 10m thick, semi-massive sulphide intersection grading 0.48%  Cu (including 0.80% Cu over 1m). Drill hole RL 11-2 was terminated in massive sulphide at a vertical depth of 193 

metres. Assays returned grades of 0.26% copper over a 0.3m wide, semi-massive sulphide intersection which  contained approximately 20% iron sulphides. The company anticipates that proposed additional deeper and step-out  drilling along the conductor could expand the mineralized section and develop a larger zone of significant VMS  mineralization.  

The company’s Namew Lake Project covers over 55,000 acres and is contiguous to the western side of Hudbay  Minerals’ (HBM-TSX) Namew Lake Mine which has produced 2.57 million tonnes of copper, nickel, gold, silver,  palladium, and platinum. The Namew Lake Project is also in the vicinity of the currently producing 777 and Lalor mines, in addition to being proximal to the past-producing Reed Lake Mine. In addition to being in close proximity  to these other deposits, the company’s district sized Namew Lake Project displays similar underlying geology to the  aforementioned mines.  

Total resources for HBM’s Lalor and 777 deposits are as follows: 

Mine Resource Copper Zinc Gold Silver 

777 21.9M tonnes 2.6% 4.4% 2.1 g/t 26.9 g/t 

Lalor 27.1M tonnes 0.7% 5.1% 2.8 g/t 27.3 g/t 

Includes past production, current reserves and resources. 

Suite 440 – 755 Burrard Street, Vancouver, British Columbia V6Z 1X6 Tel: (604) 601-2018 I email: info@qmcminerals.com I web: www.qmcminerals.com 

Qualified Person  

The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., a qualified  person as defined by National Instrument 43-101. 

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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