Q2 Metals Announces $60 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, (i) 16,327,000 common shares of the Company (the “Common Shares”) at a price of $2.45 per Common Share (“Common Share Offering Price”) for aggregate gross proceeds of $40,001,150; and (ii) 5,556,000 common shares of the Company that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (the “FT Shares”) at a price of $3.60 per Flow-Through Share for aggregate gross proceeds of $20,001,600 (collectively the “Offering”).  The Company shall grant the Underwriters an option to purchase up to an additional 4,082,000 Common Shares at the Common Share Offering Price for additional gross proceeds of up to $10,000,900 exercisable at any time up to 48 hours prior to the closing of the Offering (the “Underwriters' Option“).