Mr. Ellerton Castor reports

CANADA CARBON COMPLETES THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY

Canada Carbon Inc. has completed a third drilling campaign covering the northeast and southwest portions of its Asbury graphite property, located near the municipality of Notre-Dame-du-Laus in the province of Quebec.

The program commenced on Nov. 4, 2025, and ended on Dec. 10, 2025. Of the 5,200 metres planned, the company was able to complete 2,517 metres across the entire length of Asbury's five-kilometre mineralization trend. When added to drill campaigns conducted in 2022 and 2023, this campaign will provide the company with over 7,500 metres of core samples, which will continue its continuing derisking activity at Asbury.

The company intends to utilize the data extracted from this campaign to update its National Instrument 43-101 resource report and to complete a prefeasibility study by June 30, 2026. Canada Carbon filed its maiden resource estimate, which reported an inferred resource of 4.14 million tonnes with an average grade of 3.05 per cent graphitic carbon, within the boundaries of an optimized open-pit mine model. The cut-off grade for the mineral resources was established at 1.0 per cent Cg (see press release dated May 30, 2024).

"As noted in or maiden resource statement published in June, 2024, Asbury was a previously operating graphite mining project, which produced exceptional concentrate from 1974 through 1988. We remain excited about the commercial potential of Asbury and are confident that this project will be beneficial to the local economy. Additionally, we strongly believe that it will contribute significantly to the Quebec government's efforts to accelerate the development of mining projects for critical and strategic minerals," commented Ellerton J. Castor, chief executive officer for Canada Carbon.

The results from the company's fall 2022 drill campaign were equally impressive, enabling Canada Carbon to report graphite grade results in the eastern part of the deposit of up to 2.21 per cent Cg over 55.85 metres, including 9.21 per cent over 7.25 m in hole DDH-AS22-07 and 5 per cent Cg over 33.5 m, including 8.57 per cent Cg over 13.5 m (see press release dated Feb. 15, 2023).

Qualified person

This press release was prepared by Maxime Dupere, PGeo, OGQ, a qualified person as defined under National Instrument 43-101, who reviewed and approved the scientific and technical information contained in this news release. Mr. Dupere is independent of the company.

About Canada Carbon Inc.

Canada Carbon is a mineral exploration company focused on the acquisition, exploration and development of graphite deposits. The company has acquired two historic graphite mines, the Miller and Asbury mines, located respectively in Grenville-sur-la-Rouge and Notre-Dame-du-Laus, Que. Canada Carbon is committed to realizing its potential as a producer of high-quality graphite while maintaining the highest standards of social and environmental responsibility.

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