Mr. Arran Thorpe reports

CANADA CARBON ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER AND EXTENSION OF MOU WITH IRONDEQUOIT

Canada Carbon Inc. has appointed Gordon Zind as chief financial officer, effective March 31, 2026, subject to the prior acceptance of the TSX Venture Exchange. In connection with this appointment, Arran Thorpe has resigned as interim chief financial officer of the company.

"I am pleased to join Canada Carbon at this important stage and look forward to working with the management team and board to support the company's financial reporting, governance and strategic objectives," said Mr. Zind.

The company welcomes Mr. Zind and thanks Mr. Thorpe for his service as interim chief financial officer.

In addition, the company announces that it has extended the exclusivity period under its memorandum of understanding (MOU) dated Oct. 5, 2022, as amended on Oct. 10, 2025, with Irondequoit Carbon Co. LLC to April 6, 2027. Pursuant to the MOU, Irondequoit has been granted exclusive rights, subject to further extension, to pursue binding offtake agreements for a minimum of 25 per cent of graphite production from the company's Miller project, targeted at end-use applications including aerospace, defence and high-performance lithium battery energy storage. The extension of the exclusivity period reflects the parties' continued engagement with respect to potential strategic offtake arrangements.

About Canada Carbon Inc.

Canada Carbon is a Canadian exploration and development company focused on high-purity graphite deposits, primarily the Miller and Asbury projects in Quebec. The company is positioned to supply premium graphite materials for advanced industrial applications.

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