Quebec Precious Metals Corporation reported the channel sampling results from its Lloyd discovery located on its 100%-owned Elmer East Project (the "Project") in Quebec's Eeyou Istchee James Bay territory. A total of 11 channels and 57 samples were collected during the 2020 fall field program on the Project. Prospecting work was carried out with the participation of GoldSpot Discoveries Corp. and QPM staff. The Lloyd discovery consists of a 1 to 2 m wide SW-NE shallow dipping oxidized quartz vein with various amounts of sulphides (galena, sphalerite and chalcopyrite) over a distance of approximately 60 metres. Channel samples were taken from the vein, returning gold values up to 5.78 g/t Au. The Elmer East project consists of 929 claims (488 km2). It is to be noted that grab samples are selected samples and are not representative of the mineralization hosted on the Project. Access to the project is facilitated by the quality infrastructure of the James Bay region.