Mr. Benoit La Salle reports

SRG GRAPHITE APPOINTS PRESIDENT AND COO

SRG Graphite Inc. has appointed Ugo Landry-Tolszczuk as president and chief operating officer of the company effective immediately. Dr. Marc-Antoine Audet is stepping down as president and chief executive officer, SRG, in order to focus on his role as president and chief executive officer of Sama Resources Inc., a significant shareholder of SRG. Dr. Audet remains a member of SRG's board of directors and will continue to act as lead geologist and qualified person.

Mr. Landry-Tolszczuk has been part of the SRG team in various technical roles since the company's reverse takeover in 2017. He also recently served as director of operations at Windiga Energy, a Canadian-based independent power producer, where his responsibilities included corporate operations, financing and project development. Mr. Landry-Tolszczuk holds an honours bachelor of applied science in computer engineering from the University of Waterloo and is a CFA charterholder.

"I am excited and honoured to take on this new role at a time of great opportunity," said Mr. Landry-Tolszczuk. "I look forward to leading the charge in our quest to become a leader in the production and delivery of low-cost, quick-to-market, high-quality natural flake graphite."

"On behalf of the board of directors, I would like to thank Marc-Antoine, one of the founders of SRG and the discoverer of the Lola graphite and Gogota cobalt-nickel-scandium laterite deposits. Dr. Audet will continue to follow the development of these two important projects in his capacity as lead geologist and qualified person," said Benoit La Salle, FCPA, FCA, MBA, director and executive chairman of the board, SRG Graphite Inc. "Moving forward, as SRG enters the development phase, we are confident that Ugo's experience on the African continent as well as his operational acumen as demonstrated over the years in various roles, make him an excellent choice to head up the company."

"I look forward to continuing to play a role in SRG's success through the geology and exploration of its graphite and cobalt-nickel-scandium laterite projects in the future," said Dr. Audet.

About SRG Graphite Inc.

SRG is a Canadian-based company focused on developing the Lola graphite deposit located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally and ethically responsible manner.

We seek Safe Harbor.