Mr. Hugues Jacquemin reports

NORTHERN GRAPHITE BEGINS PLANT RELOCATION TO ADVANCE OKANJANDE RESTART

Northern Graphite Corp. has initiated work to relocate the processing plant in Namibia to the Okanjande mine site as it advances plans to restart production in late 2027.

To support these activities, Northern has awarded a contract to Rotary Engineering Services, based in Namibia, to dismantle the remaining plant infrastructure at the former Okorusu site and transport it to the Okanjande mine site for reassembly. The work is expected to be completed by the end of June, 2026, subject to normal execution conditions.

The contract marks the next step toward resuming production at Okanjande to position the operation to supply flake graphite feedstock to the company's planned battery anode material plant in the Kingdom of Saudi Arabia.

"This is a tangible step forward for Northern as we prepare to restart production at Okanjande," said Northern chief executive officer Hugues Jacquemin. "It puts us on a clear path toward supplying our planned joint venture BAM facility in Yanbu, Kingdom of Saudi Arabia, which is targeted for initial production in 2028, supporting Northern's broader mine-to-battery strategy."

In August, 2023, Northern announced the results of a preliminary economic assessment evaluating the relocation of its Namibian processing plant from Okorusu to the Okanjande mine site, rather than rehabilitating the mill at its existing location. The PEA, issued July 31, 2023, and prepared by CREO Engineering Solutions, confirmed the technical and economic viability of the approach. By relocating the plant, Northern expects to reduce operating costs by eliminating the need to transport mineralized material over long distances. The relocation also improves overall project sustainability, reduces greenhouse gas emissions and significantly enhances the project's expansion potential. The company is also evaluating other measures to improve sustainability at Okanjande, including the potential use of solar power and the incorporation of dry tailings into an integrated waste landform to reduce overall water consumption.

The Okanjande operation is currently on care and maintenance, with a targeted restart of production in late 2027, subject to financing. Graphite produced from Okanjande is expected to supply both traditional industrial markets, including refractory applications for steelmaking, heat management in electronics and friction products for the automotive sector, as well as the growing national security and battery material markets.

"Okanjande has a large resource located in one of the most politically stable countries in Africa, with easy access to a deepwater port, which provides substantial competitive advantages over most other African projects," said Mr. Jacquemin. "Okanjande will allow us to move more quickly to serve the fast-growing market for battery anode materials, with the potential to expand the facilities as these markets develop."

Consulting agreement

Northern is also pleased to announce that it has entered into a consulting agreement dated May 1, 2026, with Jackson Stafford. Under the terms of the agreement,the consultant will assist the company with certain investor-relations-related activities to present the company and its business plans, strategy and personnel to the financial community, including communicating with investment dealers and advisers, portfolio managers, analysts and media contacts in accordance with the policies of the TSX Venture Exchange and applicable securities laws.

The agreement is for a term of four months. In consideration for the services, the company will pay the consultant a fee of $5,000 per month. No securities will be issued to the consultant as compensation. The consultant is an arm's-length service provider based in Toronto, Ont., with experience in business development and client services in the financial sector oriented toward mining companies. The consultant does not currently own any securities of Northern. The agreement is subject to acceptance by the TSX-V.

About Northern Graphite Corp.

Northern is a Canadian, TSX Venture Exchange-listed company that is the only flake graphite producing company in North America. Northern 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/electrical vehicles, fuel cells and graphene, as well as advanced industrial technologies. The company's mine-to-battery strategy is spearheaded by its battery materials group, which has a fully equipped, state-of-the-art laboratory in Frankfurt and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France.

Northern's graphite assets include the producing Lac des Iles mine in Quebec, where the company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The company also owns the large-scale, advanced-stage Bissett Creek graphite project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which 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.

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