File: '\\swfile\EmailIn\20250722 083959 Attachment 2025-07-22 - News Release - NSSC Settlement.docx'

ELCORA ADVANCED MATERIALS CORP.

Elcora Provides Update to Previously

Announced Notice of Hearing

HALIFAX, NOVA SCOTIA -- (Stockwatch - July 22, 2025) ELCORA ADVANCED MATERIALS

CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB - ECORF), (the "Company" or "Elcora"), provides an update on a previously announced hearing (the "Hearing") with the Nova Scotia Securities Commission (the "Commission") scheduled on July 16, 2025.

At the Hearing, the Commission approved a settlement agreement (the "Settlement") with the Company and its subsidiary, Graphene Corp. The Settlement relates to certain missed filing deadlines for insider and early warning reporting requirements involving the acquisition and sale of common shares of G6 Materials Corp., a reporting issuer principally regulated in British Columbia. The Commission approved the Settlement and ordered that: Elcora pay an administrative penalty of $20,000, Graphene pay an administrative penalty of $3,500, each Elcora and Graphene comply with Nova Scotia securities laws, and each Elcora and Graphene pay costs in connection with the proceeding before the Commission in the amount of $1,000.

The Settlement and order can be viewed on the Commission's website.

About Elcora Advanced Materials Corp.

Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine, and produce battery related minerals and metals. As part of the vertical integration strategy, Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.

For further information please visit the company's website at: http://www.elcoracorp.com

For further information please contact: Troy Grant, Director, President & CEO, Elcora Advanced Materials Corp., T: +1 902 802-8847

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.