QIMC Confirms Thermogenic Natural Gas in Its Nova Scotia Multi-Gas System Through Independent Isotope Analysis and Defines a Total of Five High-Concentration Target Zones Including Clean Natural Hydrogen Target Zones at West-Advocate and Bennett Hill

Thermogenic gas and multiple target zones confirmed; seismic now complete across three provinces.

What the company is saying

Québec Innovative Materials Corp. (CSE:QIMC, OTCQB:QIMCF, FSE:7FJ) announces confirmation of thermogenic ethane and propane at New Salem-Apple River, validated by independent carbon-isotope analysis from InnoTech Alberta. The company frames this as a major milestone, emphasizing the addition of natural gas as the third confirmed gas in its Nova Scotia multi-gas system, alongside clean natural hydrogen at Bennett Hill and helium at New Salem-Apple River. The narrative highlights the identification of three new target zones—Northern Zone, New Salem Seep Corridor Zone, and Apple River Seep Zone—bringing the total to five, all within the 63.7 line-kilometre 2D seismic program now in processing. The company stresses that seismic acquisition is now complete for its Québec and Ontario hydrogen projects, with all datasets advancing to processing. John Karagiannidis, President and CEO, is quoted to underscore the technical validation and conventional, non-fracking model. The announcement also notes the engagement of Red Cloud Financial Services Inc. for market advisory services, clarifying that the engagement is subject to Canadian Securities Exchange policies.

What the data suggests

The company has completed a 63.7 line-kilometre 2D seismic program in Nova Scotia, with seismic acquisition also finished in Québec and Ontario. Independent isotope analysis confirms thermogenic ethane and propane in every zone sampled, spanning 17 km from Apple River to New Salem. Ethane concentrations are about three times higher than background survey lines. The Apple River Seep Zone returned 4,007 ppmv methane in August and 1,287 ppmv in September, with the latter coinciding with a helium peak of 5.573 ppmv; the New Salem Seep Corridor Zone recorded 3,785 ppmv methane. The Northern Zone is defined as a 6-kilometre corridor with the strongest thermogenic signature, while the New Salem Seep Corridor is a 3-kilometre stretch of continuous ethane anomaly. Over 10,000 soil-gas samples and more than 1,000 helium and C1-C4 analyses have been completed, along with more than 3,500 m of core and ongoing testing at DDH-26-05. The announcement does not provide financial data, resource or reserve estimates, or economic assessments, but operational disclosures are specific and supported by third-party validation.

Analysis

The announcement is highly detailed and technical, focusing on realised exploration milestones: confirmation of thermogenic ethane and propane, completion of seismic surveys, and identification of multiple target zones, all supported by specific numerical data and third-party validation. The tone is positive but proportionate to the operational progress, with no exaggerated claims about imminent production or commercial outcomes. Only one forward-looking statement is present, regarding the intent not to use hydraulic fracturing, which is a factual policy position rather than promotional hype. The capital intensity flag is set because the company has completed extensive surveys and sampling, indicating significant investment, but there is no immediate pathway to revenue or resource declaration—returns, if any, are long-term and uncertain. No profitability, cash flow, or funding data is disclosed, but as an exploration-stage update, this is not a deficiency. The gap between narrative and evidence is minimal; the language is factual and milestone-driven, not inflated.

Risk flags

• ●There is no resource or reserve estimate, so the economic viability of the confirmed gases remains unproven; investors have no basis to assess potential scale or value.
• ●The company is still at the exploration stage, with all value contingent on successful interpretation of seismic and geochemical data and future drilling; there is no guarantee that identified anomalies will translate into commercial discoveries.
• ●No financial metrics, funding status, or capital requirements are disclosed, leaving uncertainty about the company's ability to finance continued exploration and eventual development.
• ●The announcement confirms that the company does not use and does not intend to use hydraulic fracturing, which may limit extraction options if conventional methods prove insufficient for commercial recovery.
• ●Engagement of Red Cloud Financial Services Inc. for market advisory services introduces potential conflicts of interest, as Red Cloud and its principals may hold or trade company securities.

Bottom line

Québec Innovative Materials Corp. has achieved a technical milestone by confirming thermogenic ethane and propane and identifying five target zones in Nova Scotia, with seismic acquisition now complete across Nova Scotia, Québec, and Ontario. The operational progress is clear, with over 10,000 soil-gas samples, 1,000+ gas analyses, and 3,500 m of core collected, but there is no resource estimate or economic assessment to anchor valuation. All disclosed figures relate to exploration and technical validation, not commercial outcomes. The company’s conventional, non-fracking approach is highlighted, but this also constrains future extraction options. Investors should focus on the upcoming interpretation of seismic and geochemical data, as well as any future drilling results or resource estimates. The most important takeaway is that while technical derisking is underway, commercial value remains speculative and dependent on future milestones.

Announcement summary

(CSE:QIMC) (OTCQB:QIMCF) (FSE:7FJ) Québec Innovative Materials Corp. announced a major milestone in its Nova Scotia multi-gas natural hydrogen system, confirming thermogenic ethane and propane at New Salem-Apple River through independent carbon-isotope analysis by InnoTech Alberta. Natural gas is now the third confirmed gas in the district, alongside clean natural hydrogen at Bennett Hill and fault-controlled helium at New Salem-Apple River, all within the Apple River-Advocate-Bennett Hill-Port Greville district. The isotope data, combined with results from 147 stations reported on October 26, 2026, define three additional target zones within the seismic survey footprint: the Northern Zone, the New Salem Seep Corridor Zone, and the Apple River Seep Zone. Two of these zones, the Northern Zone and the Apple River Seep Zone, also show coincident helium anomalies. With West-Advocate and Bennett Hill, the district now holds five defined target zones, all inside the 63.7 line-kilometre 2D seismic program completed by Echo Seismic on October 14, 2026, and now in processing at Earth Signal Processing Ltd. Seismic acquisition has also been completed on the Company's Québec and Ontario natural hydrogen projects, with those datasets now moving into processing. Ethane and propane are thermogenic in every zone sampled, from Apple River to New Salem, 17 km apart. Ethane concentrations are approximately three times those measured on the Company's background survey lines. The Apple River Seep Zone returned 4,007 ppmv methane in August and 1,287 ppmv in September, the latter at the same station as the September helium peak of 5.573 ppmv; the New Salem Seep Corridor Zone recorded 3,785 ppmv methane. The carbon isotopes suggest two thermogenic sources of different maturity, indicating more than one hydrocarbon system in the district. The Northern Zone is a 6-kilometre corridor with the strongest thermogenic isotope signature, elevated ethane, and strongly anomalous helium, crossed by a 2026 seismic line. The New Salem Seep Corridor Zone is a 3-kilometre stretch with the most continuous ethane anomaly in the survey. The Apple River Seep Zone features repeat gas seeps, the September helium peak, thermogenic isotopes, and seismic coincidence. The Company does not use and does not intend to use hydraulic fracturing or any form of reservoir stimulation in Nova Scotia. Carbon-isotope analyses were performed independently by InnoTech Alberta (Edmonton, Alberta). The scientific and technical information in this news release has been reviewed and approved by Professor Marc Richer-Laflèche, Ph.D., P.Geo., of the Institut national de la recherche scientifique (INRS), a Qualified Person as defined by National Instrument 43-101. The Company has engaged Red Cloud Financial Services Inc. to provide market advisory services. Red Cloud is an independent firm that provides capital markets advisory, investor relations, and related services to issuers in the resource sector. The Company's engagement of Red Cloud is subject to the policies of the Canadian Securities Exchange. In Cumberland County, Nova Scotia, the Company's multi-gas pilot production pathway is built on more than 10,000 soil-gas samples and over 1,000 independent helium and C1-C4 analyses, 63.7 line-kilometres of 2D seismic, gravity, magnetic and radon-thoron surveys, and more than 3,500 m of core, with ongoing testing at DDH-26-05.

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