Ms. Luisa Moreno reports

GRAPHANO ANNOUNCES FIVE-FOR-ONE SHARE SPLIT

Graphano Energy Ltd.'s board of directors has approved a forward split of the company's common shares on the basis of one common share currently outstanding being split into five common shares.

The share split is subject to the approval of the TSX Venture Exchange and to the completion of certain administrative processes, including the delivery of notice to warrantholders in accordance with the terms of the company's warrant indenture. The record date and effective date for the share split will be announced once finalized.

As of the date hereof, the company has 17,188,268 common shares issued and outstanding. Following the completion of the share split, the company expects to have approximately 85,941,340 common shares issued and outstanding. The company's authorized share capital will remain unchanged.

The share split will also result in a proportionate adjustment to the terms of all outstanding convertible securities of the company, including stock options and share purchase warrants. The number of securities issuable upon exercise or conversion and the corresponding exercise or conversion prices will be adjusted in accordance with their respective terms to reflect the share split.

The share split will be conducted on a pushout basis, and therefore no action is required by registered or beneficial shareholders. Existing direct registration statements (DRSs) representing common shares will remain valid and should be retained by shareholders. Odyssey Trust Company, the company's registrar and transfer agent, will electronically issue the appropriate number of additional common shares to CDS Clearing and Depository Services Inc. for distribution to non-registered (beneficial) shareholders. Odyssey will also mail or e-mail updated DRSs to registered shareholders reflecting the additional common shares issued as a result of the Share splits

There will be no change to the company's name, trading symbol or Cusip number in connection with the share split.

The purpose of the Share split split is to enhance the liquidity of the common shares in the public market and broaden the company's investor base by making the common shares more accessible to investors.

Further details, including the record date and effective date of the share split, will be announced in a subsequent news release.

About Graphano Energy Ltd.

Graphano Energy is an exploration and development company that is focused on evaluating, acquiring and developing energy metals resources from exploration to production.

Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, the company is developing its projects to meet the demands of the future.

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