Ms. Judith Mazvihwa-Maclean reports

FOCUS GRAPHITE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Focus Graphite Inc. has arranged a non-brokered private placement of up to 44,444,444 common shares of the company issued on a flow-through (FT) basis at a price of nine cents per FT share.

The net proceeds of the offering will be used to finance the company's exploration and drilling program.

The offering is expected to close in tranches, with the first tranche to close as soon as possible subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The FT shares will be sold on a private placement basis to accredited investors pursuant to the accredited investor exemption or other available and agreed upon exemptions from prospectus requirements. The FT shares will have a hold period of four months and one day from the date of issue.

The company may pay finder's fees equal to 7 per cent of the gross proceeds from a portion of the financing in cash and 7 per cent finders' warrants equal to the number of FT shares issued as part of the offering in accordance with the policies of the TSX Venture Exchange. Each finder warrant entitles the finder to purchase one non-flow-through common share at a price of nine cents per common share for a period of 24 months from closing of the offering.

Focus Graphite is also pleased to announce that it has retained Refined Substance Inc. to provide investor relations consulting services to the company. Refined Substance is a Montreal-based communications and marketing firm providing investor relations services for the mining industry. Under the terms of the agreement, Refined Substance will provide investor relations services, including press release drafting and dissemination, responding to investor inquiries and communications. Compensation payable in cash to Refined Substance will be based on an hourly rate, invoiced monthly. There are no performance factors contained in the agreement. The agreement is effective as of Sept. 30, 2021, and may be terminated upon 30 days of notice. The anticipated cost to the company related to the agreement is $3,500 per month. Refined Substance and the company are arm's-length parties. Refined Substance is principally owned by Kimberly Darlington.

About Focus Graphite Inc.

Focus Graphite is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 kilometres (km) south of Fermont, Que. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

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