Ms. Judith Mazvihwa-Maclean reports

FOCUS GRAPHITE INC. PROVIDES UPDATE ON AMENDED STOCK OPTION PLAN

Focus Graphite Inc. has provided an update regarding its fixed stock option plan. At the shareholders meeting held May 21, 2021, disinterested shareholders of the company approved an amended fixed 20-per-cent incentive stock option plan to replace the previous fixed stock option plan.

Pursuant to the amended plan, the number of options available under the plan was increased to 92,740,502 common shares in the capital of the company which may be granted to directors, officers, employees and consultants of the company from time to time. The amended plan also permits options granted under the amended plan to be exercised at a price not less than the discounted market price (as such term is defined in the policies of the TSX Venture Exchange), subject to a minimum exercise price of five cents.

The amended plan is subject to the approval of the TSX-V.

The company also has provided the a correction to its news release of June 8, 2021, and clarified that a finder's fee of $700 was paid and 5,833 finders warrants were paid on the final tranche of its recently completed private placement.

About Focus Graphite Inc.

Focus Graphite is an exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac Tetepisca flake graphite projects located in the Cote-Nord administrative region of Quebec. As part of its mission to build long-term, sustainable shareholder value, Focus is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite. Focus also holds an equity position in graphene applications developer Grafoid Inc.