Mr. John LaGourgue reports

FIRST CANADIAN GRAPHITE INC. APPOINTS MICHAEL IVERSON TO THE BOARD OF DIRECTORS

"First Canadian Graphite Inc. has appointed Michael Iverson to its board of directors, effective immediately.

Mr. Iverson is a seasoned mining executive and capital markets professional with more than two decades of leadership experience in the resource sector. In 1998, he founded Niogold Mining Corp. and co-founded Fortuna Silver Mines Inc., serving in senior executive roles, including chairman, chief executive officer and president, through 2016. Since 2007, he has also held various executive positions with Volcanic Gold Mines Inc.

At Niogold, Mr. Iverson led the acquisition and exploration of a significant land package in Val d'Or, Que., positioning the company for its acquisition by Oban Mining Corp. (now operating as Osisko Mining Inc.) at a substantial premium to Niogold's market capitalization. At Fortuna, he played an integral role in the company's evolution into an established silver producer with operating mines in Peru and Mexico.

Over his career, Mr. Iverson has raised, invested and co-invested more than $100-million in companies he has led and advised. He brings deep expertise in public and private equity markets, strategic planning, corporate governance, and sales and marketing. Companies where he has served as chief executive officer and/or director have achieved aggregate market capitalizations exceeding $1-billion.

"The FCI team is thrilled to welcome Mike to the board," said John LaGourgue, chief executive officer of First Canadian Graphite. "He brings extensive experience and a proven track record of building successful resource companies, particularly in Quebec, as well as driving shareholder value. Mike will be working closely with management implementing best practices as we expand the resource at our flagship Berkwood graphite project and assist the move to becoming a leading graphite producer in North America."

Mr. Iverson commented: "I am honoured to join the board of First Canadian Graphite at such an exciting time. With increasing global demand for graphite as a critical material for energy storage and advanced technologies, the company is well positioned to expand the current resource through drilling and exploration, execute on a PEA [preliminary economic assessment] and make the required steps towards production."

The company announces that Brijender (Binny) Jassal will resign from the board of directors. Mr. Jassal has been a dedicated director since 2017 and the board thanks Mr. Jassal for his contributions. Mr. Jassal will continue as chief financial officer.

First Canadian Graphite continues to focus on advancing its graphite projects and positioning the company to supply high-quality graphite to meet increasing demand from battery, energy storage and advanced manufacturing markets.

About First Canadian Graphite Inc.

First Canadian Graphite is an exploration company advancing its flagship Berkwood graphite project, located in Northern Quebec, Canada. The company has a National Instrument 43-101 resource estimate report revealing 3.2 million tonnes of indicated and inferred graphite, averaging grades of 17 per cent.

Pessamit Innu First Nation

First Canadian Graphite respectfully acknowledges that the Berkwood project is located within the traditional territory of the Pessamit Innu First Nation. The company is committed to fostering respectful, transparent and collaborative relationships with local indigenous communities throughout the development process.

We seek Safe Harbor.