Mr. Niall Moore reports

NORTHERN GRAPHITE ANNOUNCES CLOSING OF FLOW THROUGH SHARE PRIVATE PLACEMENT

Northern Graphite Corp. has completed a non-brokered private placement of 7,142,858 common shares of the company issued on a flow-through basis at a price of 28 cents per share for gross proceeds of $2-million.

The common shares qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds of the private placement will be used to incur Canadian eligible resource exploration expenses that will qualify as Canadian exploration expenses as defined in the tax act, and flow-through critical mineral mining expenditures as defined in the tax act. The gross proceeds will be used to complete a drill program on a number of targets around Northern's cornerstone, Lac des Iles mine in Quebec, with the objective of identifying potential new sources of mill feed, or at its Mousseau exploration project.

In connection with the private placement, the company paid a finder's fee to Mine Equities Ltd., consisting of 503,971 common shares of the company and $55 in cash.

The common shares issued under the private placement including the finder's fee shares are subject to a hold period of four months and one day from the date of issuance expiring on July 10, 2026. The private placement remains subject to final acceptance by the TSX Venture Exchange.

About Northern Graphite Corp.

Northern is a Canadian, TSX Venture Exchange-listed company that is the only flake-graphite-producing company in North America. Northern 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. The company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt and is focused on advancing plans for developing battery anode material plants in Saudi Arabia, Quebec and France.

Northern's graphite assets include the producing Lac des Iles mine in Quebec, where the company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The company also owns the large-scale, advanced-stage Bissett Creek graphite project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have battery-quality graphite and are located close to infrastructure in politically stable jurisdictions.

We seek Safe Harbor.