Montreal, Quebec-(March 20, 2024) - QuantumeMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) ("QeM" or the"Corporation"), is thrilled to share that it has successfullycompleted a non-brokered private placement, issuing a total of 15,000,000 unitsat a price of $0.05 per unit. This has resulted in gross proceeds of $750,000,thanks to the involvement of several strategic investors who bring considerablevalue to QeM's cyber security efforts.

Each Unit is comprised of one common share and one warrant of the Corporation. Each warrant entitles its holder to acquire one common share of the Corporation at a price of $0.15 for a period of 12 months following the closing of the private placement. The securities issued in the private placement are subject to a four month and one day hold period expiring on July 22, 2024.

The net proceeds from the private placement will be used by QeM to finance and accelerate the commercialization of its patented (QRNG) Quantum Random Number Generator technology. The Corporation intends to target high profile verticals such as Healthcare Services and isalso well suited to meet the demands for Cloud-Based IT SecurityInfrastructure, Classified Government Networks And Communication Systems,Secure Device Keying (IOT, Automotive, Consumer Electronics), QuantumCryptography and Financial Services.

The Insiders' participation for $117,500 is exempt from the formal valuation and minority shareholder approval requirements provided under Regulation 61-101 respecting Protection of Minority SecurityHolders in Special Transactions ("Regulation 61-101")in accordance with sections 5.5(a) and 5.7(1)(a) of Regulation 61-101. The exemption is based on the fact that neither the fair market value of the private placement, nor the consideration paid by such Insiders exceeds 25% ofthe market capitalization of the Corporation.

As a result of the closing of the private placement, there are 150,502,838 common shares of the Corporation issued and outstanding.

The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

"We are very pleased with the results of this latest round. This level of capital investment will contribute to the execution of the strategic plan of QeM specifically by enhancing its commercialization capacities, here and abroad, and by facilitating its ongoing efforts in the development of strategic partnerships, both crucial to the success of QeM. The Board of Directors is grateful that both existing and new investors participated, as well as Directors and employees. This is undoubtedly a clear vote of confidence and a great testimonial to QeM's vision and potential for growth as a leader in quantum technologies," said MarcRousseau, CFO.