Mr. Hugues Jacquemin of Northern Graphite reports

NORTHERN GRAPHITE AND GRAPHANO ENERGY ANNOUNCE STRATEGIC COLLABORATION FOR GRAPHITE RESOURCE DEVELOPMENT

Northern Graphite Corp. and Graphano Energy Ltd. have signed an agreement to share technical knowledge and expertise to further the exploration and development of their respective properties in a more consolidated and efficient manner with increased opportunities for success.

The agreement covers Northern's Lac des Iles graphite mine and processing facility, currently North America's only producing graphite mine, and Graphano's Lac Aux Bouleaux and Standard properties. The LAB property is contiguous to the LDI graphite mine and covers the southern extensions of the productive graphite horizons, and the Standard property is between Northern's Mousseau West exploration project and the LDI plant.

The companies intend to share geological, geophysical and metallurgical data and technical expertise to advance graphite exploration and development in the area with the goal of expanding resources that can be processed at the LDI plant. Northern and Graphano will co-operate on resource modelling, drilling programs, metallurgical testing and potential future production-sharing arrangements. Both companies are committed to a collaborative approach that enhances operational efficiencies and supports the long-term development of critical mineral resources in Canada. All exploration costs will be borne by the owners of each property.

"This partnership is a natural step and a win-win for both companies," said Northern chief executive officer Hugues Jacquemin. "The combination of our processing capacity and knowledge of graphite deposits in the area with Graphano's promising graphite assets could increase the odds for success and potentially create new sources of ore for the LDI plant while shortening Graphano's timeline to cash flow and production. At the same time, it represents a more efficient and consolidated approach to graphite exploration and development in the area that could help meet rising global demand while reinforcing Canada's role as a reliable supplier of critical materials."

Graphano chief executive officer and president Dr. Luisa Moreno echoed these sentiments: "We are excited to work alongside Northern to accelerate the development of our graphite assets. This agreement not only helps to shorten our development timeline and lower capital costs but also aligns with our vision of enhancing Canada's capacity to meet growing global demand for clean and sustainable graphite."

About Northern Graphite Corp.

Northern, the only flake graphite producing company in North America, is a Canadian TSX Venture Exchange-listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles, fuel cells and graphene, as well as advanced industrial technologies. Northern's mine-to-battery strategy is spearheaded by its battery materials division, which has a fully equipped, state-of-the-art laboratory in Frankfurt. The division is focused on developing advanced anode materials to improve the cycle life and increase the charging rate of lithium-ion batteries and on marketing Northern's patented Porocarb product. Porocarb is a carbon-based material that enhances the performance of both solid-state and lithium-ion batteries, and is currently being evaluated by leading global battery manufacturers with very positive results.

Northern's graphite assets include the producing Lac des Iles mine in Quebec, where Northern plans to increase production to meet growing demand from industrial customers and coming demand from North American battery makers. Northern also owns the large-scale, advanced-stage Bissett Creek project in Ontario, the Mousseau project in Quebec and the fully permitted Okanjande graphite mine in Namibia. Okanjande is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have battery-quality graphite and are located close to infrastructure in politically stable jurisdictions.

About Graphano Energy Ltd.

Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring and developing energy metal resources from exploration to production.

Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. Graphano's Lac aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, Graphano is developing its projects to meet the demands of the future.

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