Mr. Thomas Yingling reports

FIRST CANADIAN GRAPHITE INC. ANNOUNCES COMMENCEMENT OF AIRBORNE ELECTROMAGNETIC (EM) AND MAGNETIC SURVEYS AND EXPANDS LAND HOLDINGS

The airborne electromagnetic (EM) and magnetic surveys have commenced over First Canadian Graphite Inc.'s flagship Berkwood graphite project, located on Quebec's North Shore, southwest of the Manicouagan reservoir. Prospectair, an industry leader in airborne geophysical surveys, is executing the survey planned to cover five high-priority targets to assess the probability and geographical scope of hosted graphite occurrences.

EM is the preferred geophysical method to locate highly conductive graphite orebodies and the ProspecTEM TDEM (time-domain electromagnetic) system developed by Prospectair is particularly well suited for this type of operation due to its specific ability to preferentially highlight the better surface conductors at or near surface and penetrate depth. While EM serves to identify potential graphite occurrences, the magnetic component will help in tracing the geological structures and different rock types, adding another layer of useful information for groundwork and anticipated drilling, which will follow up during spring/summer of 2026.

First Canadian Graphite is also pleased to announce that an additional 125 claims (6,769.41 hectares) have been staked in the surrounding and immediate area of its Berkwood project. This puts the total claims at the Berkwood graphite project at 315 claims covering 16,542 hectares or 165.42 square kilometres.

The company has already started reviewing the new claims and may add additional EM flyover plans to these additional properties. These additional claims represent a 72-per-cent increase in the company's landholdings and make First Canadian Graphite the largest landholder in the area.

Additional updates from the EM airborne survey and future plans for exploration and groundwork will be released as available. The First Canadian Graphite team is excited to kick off 2026 with a strong program to further develop and expand potential on Berkwood's high-quality, large-flake graphite project.

The Berkwood graphite project comprises several distinct separate claim blocks, with most of them historically surface sampled and showing graphite at surface. To date, only two of these claim blocks have been drilled by First Canadian, representing about only 10 per cent of the conductive anomalies on all of the claims. To date, the National Instrument 43-101 report is taken strictly from just Zone 1, one of the numerous properties. The company plans on evaluating the results from the high-resolution airborne EM and magnetic geophysical surveys to target a planned spring/summer drill program.

About First Canadian Graphite Inc.

First Canadian Graphite is an exploration company advancing its flagship Berkwood graphite project, located in Northern Quebec, Canada. The company has an NI 43-101 resource estimate report revealing 3.2 million tonnes of indicated and inferred graphite, averaging grades of 17 per cent.

Qualified person

Antoine Fournier, PGeo, is a qualified person as defined by NI 43-101 guidelines, Standards of Disclosure for Mineral Projects, and has reviewed the technical information of this news release. Historical information contained in this news release is derived from previous workers assessment reports and has not been field verified.

Pessamit Innu First Nation

First Canadian Graphite respectfully acknowledges that the Berkwood project is located within the traditional territory of the Pessamit Innu First Nation. The company is committed to fostering respectful, transparent and collaborative relationships with local indigenous communities throughout the development process.

About the Berkwood graphite project

The Berkwood graphite project is located within the jurisdiction of Quebec, in the Manicouagan regional county municipality, three hours of driving time from the city of Baie-Comeau. Easy access is provided through a major secondary road and numerous tertiary and forest roads that traverse the property.

The Zone 1 resource lies eight kilometres southwest of Nouveau Monde's deposit, which has a $3.5-billion net present value on it. The company's Zone 1 resource and that of Nouveau Monde share many similar geological characteristics, with the Zone 1 resource being of exceptionally high grade and coarse flake size by global standards.

The current mineral resource at the Berkwood graphite project includes in-pit constrained resource totalling 1,755,300 tonnes of indicated resources at 17.00 per cent Cgr (graphitic carbon) and 1,526,400 tonnes in inferred resources at 16.39 per cent Cgr.

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