Mr. Ellerton Castor reports

CANADA CARBON HOLDS FIRST MEETING OF THE ASBURY COMMUNITY ADVISORY BOARD

Canada Carbon Inc., in partnership with the Municipality of Notre-Dame-du-Laus (NDL), has noted that the community advisory board (CAB) has convened for its first work session. The announcement of the creation of the community advisory board was made last December (see press release dated Dec. 14, 2023. The objective is to establish a formal construct that guarantees information exchange, fosters collaboration and involvement from all stakeholders, and ensures a positive impact on the community while stimulating the regional economy.

The CAB consists of members from various sectors, each bringing significant expertise to fully achieve the objective of this initiative. The CAB is tasked with providing recommendations to the company to support the mine development process, ensure the adoption of best practices, offer community-focused proposals and solutions, and maximize socioeconomic benefits.

The composition of this committee is intended to reflect the local reality and the priorities of both the city and the company:

• Two citizens of NDL (other then residents adjacent to the project):
  • Mireille Lepage;
  • Daniel Larouche.
• One citizen from a local resident's association:
  • Tim Larson.
• One citizen from the sociocommunity sector:
  • Suzanne Sarrazin.
• One citizen from the recreational tourism sector:
  • Atilio Somma.
• One citizen from the environmental sector:
  • Vancant.
• One citizen from the economic and business sector:
  • Karine Nadeau.
• Two representatives from the municipality of NDL:
  • David Cy;
  • Daisy Constantineau.
• Two representatives from Canada Carbon:
  • Ellerton Castor;
  • Valerie Pomerleau.

Members of the CAB have committed to sharing information related to the project, contributing to its progress with a collective understanding of the context, and relaying to Canada Carbon any questions and concerns that citizens may raise.

The committee is still seeking a member with expertise in the environmental field to join its ranks.

The CAB is next scheduled to meet during the month of October. In addition to the work of this committee, Canada Carbon plans to hold a public information session for the residents of NDL during the fall of 2024 on a date to be announced. This initiative will be followed by a series of meetings during which Canada Carbon will present its graphite project to all stakeholders involved with the Asbury project.

"This citizen board will not only contribute to the development and realization of an exemplary project, but it will also become the model to follow for all future projects in Quebec. I reiterate the importance of maximizing the economic benefits for our fellow citizens, but also, and more importantly, of preserving our quality of life," stated David Cyr, mayor of Notre-Dame-du-Laus.

"We are pleased to promote the involvement of the community in the development of a project that will provide extensive benefits to the Notre Dame du Laus community and the Argentuil MRC at large. We are committed to transparency and collaboration in this process and firmly believe that the work of this committee will allow us to develop the best possible project, in a respectful, responsible and sustainable manner," declared Ellerton Castor, chief executive officer of Canada Carbon.

Graphite plays a vital role in the production of lithium-ion batteries essential for electric vehicles. Enhancing its domestic production could bolster the creation of electric batteries, facilitating the shift to clean technology solutions and accommodating the surging need for Li-ion batteries. Additionally, such an effort would contribute to the stabilization of the power grid and advance Quebec's electrification policies in addressing climate change.

About Notre-Dame-du-Laus

The Municipality of Notre-Dame-du-Laus is part of the Antoine-Labelle Regional County Municipality, located in the Laurentides region. Situated in the southwest of the RCM, it covers a total area of 866 square kilometres, representing 14.9 per cent of the municipal territory of the RCM. It is bordered to the north by the municipalities of Notre-Dame-de-Pontmain, Lac-du-Cerf and Kiamika, and to the north and east by a vast non-municipalized territory that partly constitutes the Papineau-Labelle Wildlife Reserve. To the southeast, it is bounded by the Papineau RCM, and to the southwest, by the Vallee-de-la-Gatineau RCM.

About Canada Carbon Inc.

Canada Carbon is a mining exploration company focused on the acquisition, exploration and development of graphite deposits. The company has acquired two historical graphite mines, the Miller and Asbury mines, located respectively in the Grenville-sur-la-Rouge and Notre-Dame-du-Laus within the province of Quebec. Canada Carbon is committed to realizing its potential as a high-quality graphite producer while maintaining the highest standards of social and environmental responsibility.

We seek Safe Harbor.