Mr. Jamie Lavigne reports

E-POWER RESOURCES INC. ANNOUNCES TETEPISCA FLAKE GRAPHITE PROPERTY DELIVERS HIGH-VALUE CONCENTRATE POTENTIAL, DEMONSTRATING HIGH RECOVERIES AND PREMIUM FLAKE SIZE DISTRIBUTION

E-Power Resources Inc. has provided the results of recently completed metallurgical testwork from the company's flagship Tetepisca flake graphite property located in the Innu Nation of Pessamit, North Shore region of Quebec. The metallurgical testwork was completed at SGS Canada Inc.

Highlights:

• Exceptional metallurgical results: achieved 96.7-per-cent flotation recovery and a 94.8-per-cent Ct concentrate grade from the Graphi West sample, confirming amenability to producing a high-purity product;
• Significant large flake recovery: flake size distribution for the Syndicate concentrate showed approximately 40 per cent medium flake or larger (greater than 80 mesh), including approximately 22 per cent large flake or larger, a key indicator of high-value product potential;
• High-resource-grade potential: high-grade bulk samples from three distinct mineralized zones have been tested: the Captain Cosmos target (32.7 per cent graphitic carbon), the Syndicate target (25.0 per cent Cg) and the Graphi West target (15.3 per cent Cg).

Jamie Lavigne, chief operating officer for E-Power, commented: "The metallurgical testwork is the first completed on the company's Tetepisca property and was designed as a scoping-level evaluation of graphite recovery. The results demonstrate the potential for flake graphite mineralization on the Tetepisca property to yield a high-value concentrate with composition and flake size characteristics meeting commercial specifications. These results, and the results of additional testwork planned, will provide a basis for prioritizing targets on our large position for delineation and resource estimation."

Metallurgical test results summary

Samples from the Syndicate, Graphi West and Captain Cosmos targets were tested. The objective was a scoping-level evaluation of flotation potential with a flow sheet target concentrate grade of 95 per cent Ct. Particle size analyses were completed on the final concentrates.

Both the Graphi West (94.8 per cent Ct) and Syndicate (94.7 per cent Ct) samples achieved concentrate grade very close to the target. The weighted-average grade for the four middle particle size classes (less than 300 micrometres) to (greater than 44 micrometres) was 96.41 per cent Ct for Graphi West and 96.34 per cent Ct for Syndicate. Further work utilizing a revised flow sheet is planned for the Captain Cosmos target.

About the Tetepisca property

The Tetepisca property is located in the Innu Nation of Pessamit, approximately 220 kilometres north of the town of Baie-Comeau in the North Shore region of Quebec. The property consists of 234 claims covering an area of approximately 12,665 hectares within the emerging Tetepisca graphite district. The property is 100 per cent owned by E-Power. Fifty-two claims, located in the southern part of the property, are subject to a 1.5-per-cent net smelter royalty held by a group of local prospectors. The TGD is an active graphite exploration and development district with delineated measured and indicated resources in excess of 120 million tonnes at an average grade of approximately 14 per cent Cg.

About E-Power Resources Inc.

E-Power is a Quebec corporation based in Montreal and focused on battery mineral exploration in Quebec. The company is currently focused on flake graphite resource development on the Tetepsica property located in the Innu Nation of Pessamit, North Shore region of Quebec.

Sources of information and qualified person

The district resource data used in this news release are derived from the following public sources:

• Lac Tetepisca graphite project, Quebec: National Instrument 43-101 technical report mineral resource estimate by Focus Graphite, 2022;
• Uatnan graphite project: NI 43-101 technical report feasibility study update, 2023;
• Lac Gueret South property: NI 43-101 technical report mineral resource estimate on the Lac Gueret South property by Berkwood Resources Ltd., 2019.

The locations of historical graphite occurrences in the TGD are from the data file of non-metallic deposits in Quebec, available from the SIGEOM website, Ministere des Ressources Naturelles et des Forets.

Jamie Lavigne, PGeo, chief operating officer and director for E-Power, is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical information in this press release.