Mr. Gregory Bowes reports

NORTHERN GRAPHITE FILES APPEAL OF LAC DES ILES MINING LEASE SUSPENSION

Northern Graphite Corp. filed an appeal with the Court of Quebec on Sept. 8, 2026, contesting the decision by Quebec's Ministere des Ressources naturelles et des Forets (MRNF) to suspend the mining lease for the company's Lac des Iles (LDI) graphite mine.

The MRNF's decision relates to an outstanding payment associated with an increase in the amount of the financial guarantee sought from the company for the restoration of the site upon completion of its mining activities. Northern disagrees with the MRNF's interpretation of the applicable requirements under the Mining Act (Quebec) and its regulations and maintains that it is not in default.

The filing of the appeal stays the suspension until a final decision is rendered by the Court of Quebec. Accordingly, as stated in an Aug. 19, 2026 press release, the LDI mining lease remains in effect during the appeal process.

The company will provide further updates as material developments occur.

About Northern Graphite Corp.

Northern is a Canadian company that is the only flake graphite miner in North America.

Qualified person

Gregory Bowes, BSc, MBA, PGeo, and chairman of Northern, is a "qualified person" as defined under NI 43-101 and has reviewed and approved the content of this news release.

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