Mr. Marc Roy reports

FOCUS GRAPHITE WELCOMES NOUVEAU MONDE GRAPHITE'S ACQUISITION OF THE UATNAN GRAPHITE DEPOSIT, QUEBEC

Focus Graphite Inc. wishes to commend Nouveau Monde Graphite Inc. (NMG) on entering into an asset purchase agreement with Mason Resources Inc. for the acquisition of Mason's Uatnan property and graphite deposit (formerly known as Lac Gueret). The Uatnan property is located five kilometres to the south of Focus's 100-per-cent-owned Lac Tetepisca property, which is host to the company's Manicouagan-Ouest graphitic corridor (MOGC) graphite deposit.

On Feb. 17, 2022, Focus released a maiden mineral resource estimate (MRE) for the Lac Tetepisca project. The MRE, prepared by DRA Americas Inc. of Montreal, Que., includes a pit-constrained indicated resource of 59.3 million tonnes grading 10.61 per cent graphitic carbon (Cg) for an estimated content of 6.3 million tonnes of natural flake graphite (in situ). Additionally, there is an inferred resource of 14.9 million tonnes grading 11.06 per cent Cg for an estimated content of 1.6 million tonnes of natural flake graphite (in situ). Focus's MOGC deposit is one of the most significant crystalline graphite discoveries in Quebec since the early 2000s.

"I would like to extend my congratulations to Nouveau Monde Graphite for its move to acquire the Uatnan graphite deposit," said Marc Roy, president and chief executive officer of Focus Graphite. "This strategic acquisition validates the vast potential that the Southwest Manicouagan reservoir graphitic district of Quebec holds as a significant source of high-purity natural flake graphite, a critical mineral in the production of anode material for electric vehicle (EV) batteries and other clean energy applications. We look forward to collaborative efforts with NMG and the key stakeholders of the region as we continue to sustainably develop our respective projects."

In 2022, Focus completed an additional 14,900.5 metres of core drilling from 74 holes at its Lac Tetepisca property, including 6,640.2 metres of new definition drilling from 27 deep definition holes positioned along strike of the MOGC graphite deposit. To date, the company has released the results of 21 out of the 27 deep definition holes drilled on the MOGC deposit in 2022. The results of the last six definition drill holes are pending. Once received, the 2022 deep definition drilling results will be integrated with the results from previous drilling programs targeting the Manicouagan Ouest graphitic corridor to form the basis of an updated mineral resources estimate for the Lac Tetepisca project.

Qualified person

Marc-Andre Bernier, Geo (Quebec), PGeo (Ontario), MSc, senior geoscientist for Table Jamesienne de Concertation Miniere (TJCM), a consultant to the company and a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content in this news release.

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 and Lac Tetepisca flake graphite projects located in the Cote-Nord administrative region of Quebec. In a second stage, to meet Quebec stakeholder interests in developing second transformation industries within the province and to add shareholder value, Focus is evaluating the feasibility of producing value-added specialty 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 application developer Grafoid Inc.

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