Mr. Anthony Huston reports

GRAPHITE ONE ANNOUNCES LISTING OF WARRANTS

In connection with the completion of Graphite One Inc.'s previously announced best efforts brokered private placement financing which closed on Aug. 22, 2025, the company has applied to list the underlying warrants (as defined below) on the TSX Venture Exchange. Please see the company's news release dated Aug. 22, 2025, for details related to the closing of the offering.

Each unit issued under the offering was issued at a price of 90 cents and comprises one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share for an exercise price of $1.10 per share for 24 months from the closing of the offering.

The company anticipates that 14,784,554 warrants (being the aggregate number of warrants issued pursuant to the offering) will commence trading on the TSX-V on Sept. 2, 2025, under the symbol GPH.WT. The ISIN and Cusip numbers of the warrants are CA38871F1365 and 38871F136, respectively. The warrants are governed pursuant to the terms of a warrant indenture dated Aug. 22, 2025, between the company and Computershare Trust Company of Canada as warrant agent. A copy of the warrant indenture is available under the company's profile on SEDAR+. Listing of the warrants remains subject to TSX-V final approval.

About Graphite One Inc.

Graphite One continues to develop its Graphite One project, with the goal of becoming an American producer of high-grade anode materials that is integrated with a domestic graphite resource. The project is proposed as a vertically integrated enterprise to mine and process natural graphite and to manufacture artificial and natural graphite anode active materials primarily for the lithium-ion electric vehicle battery and energy storage markets.

We seek Safe Harbor.