Mr. Don Baxter reports

APPLIED GRAPHITE GRANTS OPTIONS

Applied Graphite Technologies Corp. has granted 2.35 million stock options at an exercise price of seven cents, with a five-year term expiring Aug. 13, 2030, to consultants, directors and officers of the company.

About Applied Graphite Technologies Corp.

Applied Graphite Technologies is developing the Queens mine complex in Sri Lanka. The QMC is on private land in the heart of the vein graphite district, with historical workings and vein graphite outcrops. Vein graphite is naturally high grade (95-per-cent carbon content in the ground) and does not require primary processing. Testing of vein graphite in lithium-ion-battery anodes has shown very high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior environmental, social and governance footprint than synthetic and is cheaper without compromising performance.

The technical information in this news release has been prepared by Don Baxter, PEng, a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

We seek Safe Harbor.