QIMC Reports Results from Hole 1 DDH-26-01 at West-Advocate Natural Hydrogen Project, Nova Scotia; R2G2(TM) Exploration Model Applied

Executive Summary

• Completion of Hole DDH‑26‑01 at the West‑Advocate natural hydrogen project delivers extensive geological data on fault‑related fracturing and structural pathways for fluid migration.
• Drilling of Hole DDH‑26‑02 has reached ~500 m, targeting additional structurally favourable zones identified by geophysical and soil‑gas anomalies.
• The company announced a grant of 5.4 million stock options at $2.00 per share and filed a trademark application for its “R2G2™” exploration model.

Key Details

• Hole DDH‑26‑01 (Hole 1) Results – Core shows large volumes of highly deformed grey siltstones with cataclastic textures, abundant fault surfaces, and a thrust fault zone between 142 m–198 m indicating a transpressional regime within the Cobequid‑Chedabucto Fault Zone.
• Structural Configurations Identified – Thrust‑related compartments in Carboniferous sandstones/shales, hanging‑wall anticlines/duplexes, and reverse‑reactivated extensional faults forming structural closures that could host natural hydrogen accumulations.
• Geological Context – The CCFZ extends >300 km, with two major magmatic phases (≈355 Ma Early Carboniferous and ≈201 Ma Early Jurassic) providing ultramafic rocks capable of serpentinization‑driven hydrogen generation.
• Hole DDH‑26‑02 Update – Drilling progressed to ~500 m depth, targeting zones west of Hole 1 where elevated soil H₂, radon/thoron, and geophysical anomalies have been previously disclosed.
• R2G2™ Exploration Model – Trademark filed for “Reactivated Rift and Graben Geostructure” model developed with Prof. Marc Richer‑Laflèche (INRS); integrates tectonic analysis, structural geology, geophysics, and soil‑gas data to locate natural hydrogen environments.
• CEO Statement – John Karagiannidis highlighted the milestone of completing Hole 1 and emphasized ongoing collection of structural, geochemical, and geological data as drilling advances on Hole 2.
• Stock Option Grant – 5,400,000 stock options granted to directors, employees, and consultants; exercise price $2.00 per common share; term 2 years, pending CSE approval.
• Trademark Filing – Application submitted for “R2G2™” to protect the company’s proprietary exploration framework.

Notable Quotes

“The completion of our first drill hole at West‑Advocate marks an important milestone for the project and provides valuable scientific data for our ongoing exploration program.” – John Karagiannidis, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.