Q2 Metals Announces Closing of C$70 Million Private Placement of Common Shares and Flow-Through Shares

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, May 26, 2026 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce that the Company has closed its previously announced private placement of (i) 20,409,000 common shares of the Company (the “Common Shares”) at a price of C$2.45 per Common Share (“Common Share Offering Price”) for aggregate gross proceeds of C$50,002,050, which includes the full exercise of the Underwriters' (as defined below) option for gross proceeds of C$10,000,900; and (ii) 5,556,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (the “FT Shares”) at a price of C$3.60 per FT Share for aggregate gross proceeds of C$20,001,600 (the “Offering”). The Offering was conducted on a bought deal private placement basis pursuant to an underwriting agreement dated May 26, 2026 between Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and ATB Capital Markets Corp. and BMO Nesbitt Burns Inc. (collectively, the “Underwriters”), and the Company.