File: '\\swfile\EmailIn\20241211 163241 Attachment 2024-12-11 - Early Warning Notice.docx'

Early Warning Notice Regarding G6 Materials Corp.

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

HALIFAX, NOVA SCOTIA -- (Stockwatch- December 11, 2024) ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB - ECORF), (the "Company" or "Elcora"), reports the acquisition and disposition of common shares of G6 Materials Corp. ("G6 Materials").

Further to the news release of G6 Materials dated March 25, 2024, Graphene Corp. ("Graphene"), a subsidiary of Elcora Advanced Materials Corp., acquired 3,333,333 common shares (the "Shares") in the capital of G6 Materials at a deemed price of $0.09 per Share pursuant the Technology License Agreement dated February 22, 2024 (the "Agreement"). Prior to the issuance of the Shares under the Agreement, Graphene did not own any common shares in the capital of the G6 Materials. After the issuance of the Shares, Graphene held 3,333,333 Shares of the G6 Materials representing 16.92% of the issued and outstanding common shares of the Company on a non-diluted basis.

On July 15, 2024, Graphene transferred the 3,333,333 Shares to its parent company, Elcora Advanced Materials Corp.

Between July 26, 2024 and August 6, 2024, Elcora sold a total of 399,500 common shares of G6 Materials on the open market at an average price of $0.0937 per Share. This reduced Elcora's holdings to 2,933,833 Shares, representing approximately 14.89% of the issued and outstanding shares of G6 Materials.

Between August 6, 2024 and August 26, 2024 Elcora sold a total of 405,000 common shares of G6 Materials on the open market at an average price of $0.0841 per Share. This reduced Elcora's holdings to 2,528,833 Shares, representing approximately 12.84% of the issued and outstanding shares of G6 Materials.

Between August 28, 2024 and September 23, 2024 Elcora sold a total of 410,000 common shares of G6 Materials on the open market at an average price of $0.085 per Share. This reduced Elcora's holdings to 2,118,833 Shares, representing approximately 10.75% of the issued and outstanding shares of G6 Materials.

Between September 24, 2024 and November 15, 2024 Elcora sold a total of 161,000 common shares of G6 Materials on the open market at an average price of $0.0506 per Share. This reduced Elcora's holdings to 1,957,833 Shares, representing approximately 9.94% of the issued and outstanding shares of G6 Materials. As of the date hereof, Elcora has now ceased to be an insider of the Issuer.

The Shares were acquired and disposed of directly by the Company for investment purposes.

The Company may acquire or dispose of securities of G6 Materials in the future through, among other means, the purchase or sale of common shares on the open market, or in private transactions or otherwise, on such terms and at such times as the Company may deem advisable. A copy of the early warning reports being filed by the Company may be obtained on www.sedarplus.ca.

About Elcora Advanced Materials Corp.

Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine, and produce battery related minerals and metals. As part of the vertical integration strategy Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.

For further information please visit the company's website at:

http://www.elcoracorp.com

For further information please contact: Troy Grant, Director, President & CEO, Elcora Advanced Materials Corp., T: +1 902 802-8847

Qualifying Statements: Klaus Leiders P. Eng., a qualified person as defined by National Instrument 43-101, approves the technical information contained in this news release.

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.