Toronto, ON – October 26th, 2021 – QC Copper and Gold Inc. (“QC Copper” or the “Company”) (TSXV:QCCU) is pleased to announce that it has entered into an agreement with an arm’s length private company, 9219-8845 Quebec Inc. (operating as Canadian Mining House) (the “Vendor”), to acquire 100% ownership of 38 claims over 2,112 hectares of highly prospective ground that connects two land parcels of the Opemiska Copper Project (the “Opemiska Expansion”). The Opemiska Copper Project will now be collectively 15,518 hectares comprising the Springer, Perry, Robitaille and Cooke mines and 13 kilometres of the Gwillim Fault.

The western section of the Opemiska contains the resource deposits and is where Falconbirge mined for 40 years. The eastern section of the Opemiska is prospective for new discoveries and is known to host VMS mineralization.

Click here to see a Map of New Opemiska Property Expansion go to
https://qccopper.com/site/assets/files/3334/opemiska_expansion.pdf
Geology of Eastern Opemiska & New Opemiska Property Expansion

The purchased claims form a continuous block that bridges the gap between the Company’s Cooke-Robitaille and Scott properties and the area is primarily underlain by felsic and mafic volcanic rocks of the Waconichi Formation. The Waconichi Formation is host to VMS deposits elsewhere in the Chibougamau District and exhalative-style mineralization is known on surface on claims of the Cooke-Robitaille Property located nearby. Moreover the northeast trending Scott Lake Fault, which parallels and is thought to be related to the Gwillim Fault, crosses the center of the purchased claims highlighting potential for copper-gold mineralization similar to the historical mines in Chibougamau and Chapais.

Terms of Acquisition

QC Copper is acquiring 100% ownership of the Opemiska Expansion and, upon closing, will issue 150,000 common shares of the Company and pay $10,000 in cash to the Vendor. The vendor will retain a 2% Net Smelter Royalty, of which 50% can be repurchased by the Company at any time for $500,000.

No finder’s fee is payable in connection with the acquisition, and the closing of the acquisition is subject to the approval of the TSX Venture Exchange.

QP Statement

The technical information contained in this news release (including information information contained in links) has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director and Vice President Exploration for QC Copper and Gold Inc., who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects”.

For information and updates on QC Copper and Gold, please visit: www.qccopper.com