Quebec Innovative Materials Outlines Deep Geological Structure Favorable for Hydrogen Following Systematic Review by INRS

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Quebec City, Quebec--(Newsfile Corp. - July 16, 2024) - Quebec Innovative Materials Corp. (CSE: QIMC) (FSE: 7FJ) ("QI Materials", "QIMC" or the "Company"), is pleased to announce a significant milestone in its Ville Marie hydrogen project. A rigorous and comprehensive review of data conducted by the Institut National de la Recherche Scientifique (INRS) has outlined the existence of a deep favorable geological structure, in the Témiscamingue area, as another potential source for hydrogen.

The presence of this mantle source is a third potential source for hydrogen which adds to the Grennstone belt (ultramafic, iron formation) and potassic (Cobalt group arenites) sources already present on the QIMC properties. This marks a critical step forward in QIMC's efforts to establish itself as a leader in clean energy solutions.

Mr. John Karagiannidis, CEO of Quebec Innovative Materials, commented, "We are thrilled with the results of the INRS review, which solidifies our confidence in the feasibility and sustainability of hydrogen within our Ville Marie project. Marc Richer-Laflèche and his team at INRS have been on our Ville Marie site since July 1st and commenced the hydrogen soil gas sampling program. These developments not only support our commitment to environmental stewardship but also positions Quebec as a frontrunner in the global hydrogen economy. The geological and geophysical data and interpretations for the Témiscamingue region, and more specifically for the Témiscamingue Graben highlight QIMC and INRS' currently ongoing regional exploration program for gold natural hydrogen."

Deep Geophysical Evidence

As part of its hydrogen and helium exploration strategy in Quebec, QIMC and INRS have selected the Lake Temiskaming Graben area for its unique geological context, which marks the transition between an Archean greenstone belt rich in ultramafic (komatiites and peridotites) and iron formations (Baby's Gp) and the Cobalt Group sedimentary rock basin (Proterozoic). This transition zone is also affected by graben faults and the emplacement of a Cretaceous kimberlite field. These observations indicate that the area has been active for over 2,700 million years, as evidenced by the record of supracrustal and igneous rocks in the region. Geological Survey of Canada aquatic seismic data from Lake Témiscamingue show that a strong earthquake affected the Lake Témiscamingue basin during the Quaternary, and the very large number of epicentres recorded in the area of Lake Kipawa (southern extension of the graben) indicates that the graben is still a tectonically active zone. This geological context could be favorable for the transfer of gas from deep sources to the surface.