Mr. Ian Slater, a shareholder, reports

CEO AND DIRECTOR ANNOUNCES ACQUISITION OF SHARES

This news release has being disseminated by Ian Slater and his affiliated entity, Slater Capital Corp., as required by National Instrument 62-103 (the Early Warning System and Related Take-Over Bids and Insider Reporting Issues) in connection with its acquisition of securities of Applied Graphite Technologies Corp.

Pursuant to a subscription agreement dated April 15, 2026, between Applied Graphite and the acquiror, as described in Applied Graphite's press release dated April 21, 2026, on April 21, 2026, Applied Graphite issued to the acquiror and the acquiror purchased from Applied Graphite on a private placement basis one million common shares of Applied Graphite at a price of 10 cents per Applied Graphite share, and the acquiror has beneficial ownership of, and control and discretion over, directly or indirectly, seven million Applied Graphite shares, or approximately 16.96 per cent of the issued and outstanding Applied Graphite shares. Prior to the transaction, the acquiror had indirect ownership and control over six million Applied Graphite shares, representing approximately 16.89 per cent of Applied Graphite, and 1,366,454 warrants of Applied Graphite and the 200,000 options of Applied Graphite. If the acquiror exercises all of the 1,366,454 warrants of Applied Graphite and the 200,000 options of Applied Graphite owned by him, he will have beneficial ownership of, and control and discretion over, directly or indirectly, 8,566,454 Applied Graphite shares, or 19.99 per cent of the then issued and outstanding Applied Graphite shares, assuming no other convertible securities of Applied Graphite are exercised and no other Applied Graphite shares are issued.

The acquiror acquired the Applied Graphite shares for investment purposes and intends to review his investment in Applied Graphite on a continuing basis. The acquiror plans to continue to acquire additional securities in Applied Graphite, both directly and indirectly.

To obtain a copy of the subject early warning report filed by Mr. Slater in accordance with applicable Canadian securities laws, please contact him at 1-604-638-2545.