Q2 Metals Corp · TSXV:QTWO
Q2 Metals — Investor Presentation (October 2026)
28 slides from Q2 Metals's investor presentation, October 2026
Slide 1: The Cisco Lithium Project
October 2026 THE CISCO LITHIUM P ROJE CT EEYOU ISTCHEE, JAMES BAY - QUEBEC, CANADA TSX.V: QTWO | OTCQB: QUEXF | FSE: 1 458
Slide 2: Forward-Looking Statement
C OR PO RA TE DI SC LOS URE FORWARD-LOOKING STATEMENT THIS PRESENTATION CONTAINS CERTAIN not undertake any obligations to release publicly any revisions for and legally extracted or produced at the time the mineral reserve FORWARD-LOOKING STATEMENTS updating any voluntary forward-looking statements,
Slide 3: Share Structure & Performance
Q 2 ME TA LS ST O CK I NF O RMAT I ON SHARE STRUCTURE & PERFORMANCE TSX-V: QTWO CASH ON HAND (as of 2026-08-31) ~$70.9 M ISSUED & OUTSTANDING 241.6 M Sprott Lithium Miners ETF (LITP) MARKET CAP (as of 2026-10-06) C ~$550 M 1,429,000 WARRANTS 780K @ C$0.90 (Expiry Aug 2028) 649K @ $2.45 (Expiry May 2
Slide 4: Our Team
MANA GE MENT AND BOA RD OUR TEAM ALICIA MILNE LEO POWER KEITH PHILLIPS SAGE McCALLUM Executive Chair, Director CEO, President & Director MBA, MOGS, ICD.D P. Geo Independent Director Legal professional with 20+ years of VP Exploration, Director Former CEO of Piedmont Lithium and 30+ years on Wall Str
Slide 5: The Cisco Lithium Project
THE CISCO LITHIUM PROJECT The largest spodumene lithium deposit in the western hemisphere and fourth largest, globally.
Slide 6: Why Cisco? Global Peer Comparison
C IS CO LITHI UM P ROJE CT WHY CISCO? 1.8 GLOBAL PEER COMPARISON 1.7 Greenbushes 1.6 Andover Max 1.5 Pakeagama Lake Shaakichiuwaanann Goulamina Manono Grota do 1.4 Whabouchi Cirilo Bandeira Mount 1.3 Grade (Li2O) Mt. Marion Kathleen Moblan Valley Holland Cisco Finniss 1.2 Root Ewoyaa Adina Galaxy Pi
Slide 7: Why Cisco? Western Hemisphere Peer Comparison
C IS CO LITHI UM P ROJE CT WHY CISCO? 1.8 WESTERN HEMISPHERE PEER COMPARISON 1.6 PAK & Spark Grota do Whabouchi Cirilo 1.4 Bandeira Kings Grade (Li20 %) Mountain Shaakichiuwaanaan 1.2 Root Colina Galaxy Cisco Carolina Moblan Adina Baixa NAL 1 Grande Rose 0.8 0 50 100 150 200 250 300 350 Million Tonn
Slide 8: 2026 Mineral Resource Estimate
C IS CO LITHI UM P ROJE CT 2026 MINERAL RESOURCE ESTIMATE Largest spodumene lithium deposit in the western hemisphere & 4th largest, globally ▪ Inferred MRE based on 76 holes drilled for 33,343 m. ▪ An Exploration Target has been included on the area immediately surrounding the deposit for a minimum
Slide 9: MRE - Block Model Long Section
C IS CO LITHI UM P ROJE CT MRE - BLOCK MODEL LONG SECTION Priority Target Priority Target TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 9
Slide 10: MRE - Block Model Cross Section
C IS CO LITHI UM P ROJE CT MRE - BLOCK MODEL CROSS SECTION TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 10
Slide 11: Where Is Cisco?
C IS CO LITHI UM P ROJE CT WHERE IS CISCO? Cisco covers 801 contiguous mineral claims over 41,253 hectares along the Cisco is within the traditional territory Frotet Evans Greenstone Belt. of the Cree Nation of Nemaska Cisco is in the Eeyou Istchee James Bay region of Quebec Canada TSX.V: QTWO | OTC
Slide 12: Location Advantage
C IS CO LITHI UM P ROJE CT LOCATION ADVANTAGE Transportation ▪ The paved, all-season Billy Diamond highway connects Cisco to the CN rail line in Matagami, just 150 km to the south. ▪ Rail connects to international port facilities along the St. Lawrence Seaway. ▪ Rail connects to Bécancour, ~215 km f
Slide 13: Well-Funded for Advancement & Major Catalysts
CISCO THE LITHIUM PROJECT WELL-FUNDED FOR ADVANCEMENT & MAJOR CATALYSTS
Slide 14: Field Program
C IS CO LITHI UM P ROJE CT FIELD PROGRAM Total drilled as at October 5, 2026: 61,045 m across 137 holes INFILL & EXPLORATION PROGRAM ▪ Infill drilling of the main Cisco Deposit area. ▪ Exploration drilling targets of potential zones of high-grade and/or near surface mineralization . ▪ Expansion dril
Slide 15: Metallurgy
C IS CO LITHI UM P ROJE CT METALLURGY ▪ Spodumene confirmed as the primary lithium-bearing mineral within all pegmatite sample. ▪ Phase 1 of metallurgy test work: three composite samples tested using HLS to confirm the potential suitability of a DMS process: ▪ Composite 18: 74.1% recovery to produce
Slide 16: Project Studies
C IS CO LITHI UM P ROJE CT PROJECT STUDIES PRELIMINARY ECONOMIC ASSESSEMENT BASELINE STUDIES • The PEA is intended to provide an early-stage, high-level ▪ Initiated in June 2026. evaluation of the economic potential of the Cisco Project. ▪ Establishes a comprehensive understanding of existing • The
Slide 17: Community Engagement
E NVI R ON MEN TA L, S OC I AL & G OV ER NA NC E COMMUNITY ENGAGEMENT ▪ Building a foundation for partnership and collaboration. ▪ Consistent and constructive open dialogue and engagement with stakeholders: ▪ Cree Nation of Nemaska and Waswanipi; ▪ Town of Matagami; ▪ Eeyou Istchee James Bay Regiona
Slide 18: Why Q2 Metals
THE INVE STMENT CA SE WHY Q2 METALS TIER ONE ASSET / ACCELERATED TIMELINE INFRASTRUCTURE ADVANTAGE ▪ 2026 Inferred Mineral Resource Estimate: ▪ Highway access to rail facilities leading to international 295 Mt grading 1.36% Li20 shipping ports. ▪ Additional Exploration Target Range*: ▪PERMITTING & F
Slide 19: Q2 Metals Corp.
C ON T AC T Q2 METALS CORP. Alicia Milne Sage McCallum President, CEO & Director VP Exploration & Director AlMilne@Q2metals.com SMcCallum@Q2metals.com Chris Ackerman Jason McBride Corporate Development Manager, Investor Relations CAckerman@Q2metals.com JMcBride@Q2metals.com TSX.V: QTWO | OTCQB: QUEX
Slide 20: Appendix
Appendix 20
Slide 21: Global Peer Resources / Reserves
NOTES Global Peer Resources / Reserves Company Project & Link Stage Source Zijin Manono Development 2024 News Release Pilbara Pilgaangora Production 2025 Annual Report IGO Greenbushes Production 2025 News Release Ganfeng Goulamina Production 2024 News Release Sociedad Quimica y Min. de Chile SA Mt.H
Slide 22: Industry Leading Intervals
C IS CO LITHI UM P ROJE CT INDUSTRY LEADING INTERVALS Mineralization starts at surface to an average depth of 400 metres and remains open in all directions. ▪ CS-24-018: 215.6 m at 1.69% Li2O 65 ▪ CS-24-021: 347.1 m at 1.35% Li2O 36 ▪ CS-24-023: 188.6 m at 1.56% Li2O 21 ▪ CS-25-027: 179.6 m at 1.66%
Slide 23: Industry Leading Intervals
C IS CO LITHI UM P ROJE CT INDUSTRY LEADING INTERVALS Mineralization starts at surface to an average depth of 457.4m @ 1.65% 400 metres and remains open in all directions. 800 107.4m @ 1.87% ▪ CS-24-018: 215.6 m at 1.69% Li2O (364.4%-m) 108.5m @ 1.62% 71m @ 1.84% 109.5m @ 1.67% 121.6m @ 1.45% 700 ▪
Slide 24: Long Section
C IS CO LITHI UM P ROJE CT LONG SECTION TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 24
Slide 25: Cross Section A
C IS CO LITHI UM P ROJE CT CROSS SECTION A News release: February 24, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 25
Slide 26: Cross Section B
C IS CO LITHI UM P ROJE CT CROSS SECTION B News release: February 24, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 26
Slide 27: Cross Section C
C IS CO LITHI UM P ROJE CT CROSS SECTION C News release: June 2, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 27
Slide 28: Cross Section D
C IS CO LITHI UM P ROJE CT CROSS SECTION D News release: August 25, 2026 TSX.V: QTWO | OTCQB: QUEXF | FSE: 458 28