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ReSolve Energy Inc. M&A Activity 2022

Sep 23, 2022

48218_rns_2022-09-23_c845b8d8-bd81-481d-a679-c485928f66c1.pdf

M&A Activity

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QNB Metals Inc. 866 3e Avenue, Val d'Or, Québec, J9P 1T13

NEWS RELEASE CSE: TIM

QNB Metals Announces Termination of LOI for Proposed Transaction with Analog Gold

MONTREAL, September 23, 2022 /CNW/ - QNB Metals Inc. (" QNB Metals " or the " Corporation ") (CSE: TIM), today announces that the Corporation and Analog Gold Inc. have mutually agreed to terminate the previously announced letter of intent (" LOI ") in accordance with the terms of the LOI.

As a result, the Proposed Transaction (as described in the Corporation's press release dated June 22, 2022) will not proceed.

About the Company

QNB Metals Inc. is an exploration and development company focused on creating shareholder value through the strategic acquisition of precious and base metals projects while closing and maintaining key partnerships.

For further information, please contact:

Stéphane Leblanc, Chief Executive Officer Tel: (418) 717-2553

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.