Mr. Hugues Jacquemin reports

NORTHERN GRAPHITE APPOINTS VICE PRESIDENT OF GLOBAL SALES

Northern Graphite Corp. has appointed Marco Zvanik, BSc, as vice-president of global sales. Mr. Zvanik has 35 years of sales, management and operational experience in the composite material, carbon fibre, nanomaterial and wind energy manufacturing industries. He has created, implemented and managed global commercial teams for start-up, mid-cap and Fortune 500 companies, with a focus on delivering value for both his customers and their businesses. Mr. Zvanik received his BSc degree in ocean engineering in 1986 from Texas A&M University.

Mr. Zvanik will oversee all global commercial activities for Northern. Sales managers in North America and Europe will report to Marco with respect to marketing production from the Lac des Iles and Namibian graphite mines, and he will be intimately involved in developing new markets for value-added industrial products and lithium-ion battery anode materials.

Mr. Zvanik commented: "I am extremely excited to be joining Northern at this important time as we implement our strategy to become the world's leading graphite producer and processor. By supporting both current and future customers that require critical materials such as graphite, we will enable them to transform new industries such as the lithium-ion battery market for electric vehicles."

"Marco is exactly the person we were looking for in this role as we continue to grow and transform into a world-leading global graphite company," said Northern chief executive officer Hugues Jacquemin. "By leveraging his global experience, combined with a deep understanding of the specialty materials industry, he will make a big difference for our customers and our company by helping to provide complete solutions to the market."

Payment of advisory fees

The company also announces that it has completed the previously announced issuance of 700,000 common shares of the company to Nine58 Advisors, an arm's-length investment advisory firm based in London, United Kingdom, at a deemed price of 60 U.S. cents (approximately 78 Canadian cents) per share, as payment for $420,000 (U.S.) (approximately $546,000 (Canadian)) in advisory fees owed to Nine58. The common shares are subject to a four-month hold period expiring Nov. 28, 2022.

About Northern Graphite Corp.

Northern is a Canadian, TSX Venture Exchange-listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles, fuel cells and graphene, as well as advanced industrial technologies.

Northern is the only significant graphite producing company in North America and will become the third largest outside of China when its Namibian operations come back on line in the first half of 2023. The company also has two large-scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have battery-quality graphite and are located close to infrastructure in politically stable countries.

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