Quebec Precious Metals to Issue Shares in Payment of Debts and Deferred Share Units

Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTCQB:CJCFF) has announced agreements to issue 457,942 common shares to settle debts amounting to $38,925.08. This settlement covers services rendered by three current directors during the fiscal quarters ending January 31, 2024, and January 31, 2025.

The Board and Management believe this move will help preserve the company's cash resources. Shares will be issued at a price of $0.085 per share, subject to a four-month hold period per applicable securities regulations and TSX Venture Exchange policies.

This debt settlement is classified as a "related party transaction" under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval due to QPM's market capitalization conditions.

QPM also announced the issuance of 223,530 deferred stock units (DSUs) to the CEO as part of his compensation plan. These DSUs will vest one year from the grant date, in compliance with TSXV Policy 4.4 and the company's security-based compensation plan.

The completion of these transactions is subject to regulatory approvals, including that of the TSX Venture Exchange.