QIMC Commends Quebec's Long-Term Clean Energy Strategy as the Province Accelerates Its Leadership in Geologic Natural Hydrogen

About this update from Quebec Innovative Materials Corp

Following adoption and coming into force of Bill 17, Quebec Establishes Clear Long-Term Targets for Natural Hydrogen Research, Pilot Development and Future Commercial Production Montreal, Quebec--(Newsfile Corp. - July 2, 2026) - Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company") commends the Government of Québec on the release of its long-term energy policy, the Plan de gestion intégrée des ressources énergétiques (PGIRE) 2026-2050, which identifies geologic (natural) hydrogen as a strategic innovation sector and establishes a long-term policy framework to advance research, development and future commercialization as part of Québec's transition to a lower-carbon economy. The release of the PGIRE represents the latest milestone in Québec's rapidly evolving natural hydrogen strategy, following the recent adoption of Bill 17, which established Québec's legislative framework governing the exploration and development of naturally occurring hydrogen. Together, these initiatives provide a progressively clearer legislative, regulatory and policy framework intended to support the responsible advancement of Québec's emerging geologic hydrogen industry. QIMC believes its exploration activities, technical expertise and collaboration with government, Indigenous partners and research institutions position the Company to contribute meaningfully to Québec's emerging geologic hydrogen industry. The PGIRE establishes the following long-term objectives: According to the Government of Québec's Plan de gestion intégrée des ressources énergétiques (PGIRE) 2026-2050, geologic hydrogen has been identified as an emerging innovation sector requiring a structured development pathway. The Plan establishes objectives of supporting at least five geologic hydrogen research projects by 2035 and advancing two geologic hydrogen exploitation projects by 2050, reflecting Québec's commitment to developing the regulatory, scientific and industrial framework necessary to responsibly advance this new energy resource. QIMC believes the policy direction outlined in the PGIRE provides greater regulatory clarity for companies evaluating investment opportunities in Québec's emerging geologic hydrogen sector and supports continued collaboration among government, Indigenous communities, local municipalities, academia and industry as Québec advances its l...

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