Mr. John LaGourgue reports

FIRST CANADIAN GRAPHITE INC. CLOSES FLOW-THROUGH FINANCING

First Canadian Graphite Inc. has received conditional approval from the TSX Venture Exchange for a financing to raise $2-million through the issuance of 3,448,276 flow-through common shares at 58 cents. The company will now apply to the TSX Venture Exchange for approval to close.

The gross proceeds from the flow-through financing will be used to fund the upcoming field stripping and diamond drilling program of an anticipated 20,000 metres at the company's Lac Gueret South graphite project, located n the southwest Manicouagan reservoir area, approximately 234 kilometres north-northwest of Baie-Comeau in Quebec's Cote-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu and will be used to incur resource exploration expenses. These resource exploration expenses will constitute Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the Income Tax Act.

A finder's fee of $140,000 cash and 241,379 finder warrants, exercisable at 75 cents for two years has agreed to be paid/issued. The finder warrants will contain an acceleration period wherein should the company's shares trade on the TSX Venture Exchange at or above $1.10 per share for a period of 10 consecutive days, the company may, by written notice to the finder reduce the remaining exercise period applicable to the warrant to not less than 30 days from the date of such notice.

The closing of the financing is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issuance in accordance with applicable securities laws.

The company confirms there are no material facts or material changes related to the company which has yet to be generally disclosed.

About First Canadian Graphite Inc.

First Canadian is engaged in the exploration of critical minerals and is committed to advancing its Lac Gueret South high-grade graphite property to support applications in energy transition and advanced technologies.

The Lac Gueret South project (formerly the Berkwood project) borders Nouveau Monde Graphite's Uatnan graphite project in the southwest Manicouagan reservoir area, approximately 234 km north-northwest of Baie-comeau in Quebec's Cote-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu.

Recent work at Zone 13 has outlined a significant new high-grade graphite-bearing anomaly with a confirmed strike length of 3.3 kilometres and widths exceeding 150 metres. Prospecting on this discovery has returned surface and near-surface high-grade graphite, with 46 samples assaying up to 43.4 per cent graphitic carbon (Cg). Refer to the company's press releases dated July 30, 2026, and Aug. 20, 2026.

The company's land claims and optioned ground now exceed 200 square km, establishing one of the most extensive claim portfolios in the Lac Gueret graphite district. With more than $10-million invested to date and significant exploration upside remaining, First Canadian Graphite is focused on expanding resources and advancing the project toward a preliminary economic assessment (PEA).

We seek Safe Harbor.