Ms. Luisa Moreno reports

GRAPHANO ENERGY APPOINTS ANDREW GAINSBURY AS CFO AND DIRECTOR, ANNOUNCES PASSING OF DIRECTOR JAY RICHARDSON, AND PROVIDES UPDATE ON PROPOSED EARN-IN TRANSACTION

Subject to the approval of the TSX Venture Exchange, Graphano Energy Ltd. has appointed Andrew Gainsbury as chief financial officer and director of the company, effective July 27, 2026.

Mr. Gainsbury has served as the company's acting chief financial officer on an interim basis since March 1, 2026. Prior to assuming that role, Mr. Gainsbury served as the company's controller. He has over 16 years of experience in financial management and consulting in both Canada and Brazil. His most recent experience includes serving as controller for several publicly listed Canadian junior mining companies. Previously, he was chief financial officer of a Brazilian engineering firm with over 800 employees as well as a senior consultant leading corporate finance projects across multiple industries for Deloitte in Brazil. He specializes in strategic management, mergers and acquisitions, fundraising, as well as corporate restructuring. He holds an MBA from McGill University and has earned his CFA and CMA designations.

Passing of director James (Jay) Richardson

The company announces with great sadness the recent passing of Mr. Richardson, director of the company since Oct. 5, 2020. Mr. Richardson also served as the company's chief financial officer from March 9, 2021 until March 1, 2026, when Mr. Gainsbury was appointed interim chief financial officer following the onset of Mr. Richardson's illness. The board and management of the company extend their deepest condolences to Mr. Richardson's family, friends, and colleagues. Mr. Richardson will be remembered fondly by all who had the privilege of working with him, and his years of contribution and guidance to the company are gratefully acknowledged.

Update on 3D Genesis technology

Further to the proposed earn-in transaction with 3D Genesis Technologies announced on June 26, 2026, in respect of the APIC (advanced particle induction casting) metal additive manufacturing technology, the company wishes to advise shareholders that the transaction continues to be under review by the exchange.

The company remains engaged with the exchange in connection with its review of the transaction and continues to work with the exchange to satisfy the applicable requirements. The transaction remains subject to exchange acceptance and the satisfaction of customary closing conditions. The company will provide further updates as developments occur.

About Graphano Energy Ltd.

Graphano Energy is an exploration and development company 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 project to meet the demands of the future.

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