Mr. Thomas Yingling reports

FIRST CANADIAN GRAPHITE INC. CLOSES FINANCING

First Canadian Graphite Inc., further to its news release dated Nov. 18, 2025, and Dec. 10, 2025, will be applying to the Toronto Stock Exchange to close its financing as to $719,449.95. The financing consists of 4,796,333 units at 15 cents. Each unit shall comprise one common share and one warrant exercisable at 20 cents for two years.

The gross proceeds from the financing will be for general working capital. While the company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the board.

A finder's fee of $30,838.5 cash has agreed to be paid along with the issuance of a finder's warrant for the right to purchase up to 186,550 shares, exercisable at the price of 20 cents for two years.

The closing of the financing is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws.

Three insiders of the company subscribed for a total of 260,000 units. As such, this participation constitutes a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the units acquired by the insider nor the consideration for the units paid by such insider exceeds 25 per cent of the company's market capitalization. The company did not file a material change report 21 days prior to the closing date of this private placement as details of the respective participation of such insiders in the offering was unknown at such time.

About First Canadian Graphite Inc.

The company is managed by a team with over 150 years collectively with a proven record of not just finding numerous mines but building and operating them too. The company's management team's most recent success is discovering the Berkwood graphite resource in Northern Quebec. The company owns this asset 100 per cent and the company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.

We seek Safe Harbor.