First Canadian Graphite Inc. (TSX-V:FCI) (OTCQB:GRAPF) announces its intention to offer up to 3,448,276 flow-through common shares at $0.58 for aggregate gross proceeds of up to $2,000,000 CAD. This flow-through financing “FT Financing” will supplement the previously announced $3 million CAD hard-dollar financing (see press release of October 21, 2026).

The gross proceeds from the FT Financing will be used to fund the upcoming field stripping and diamond drilling program of an anticipated 20,000 metres at the Company’s Lac Guéret South graphite project, located n the southwest Manicouagan reservoir area, approximately 234 km north-northwest of Baie-Comeau in Québec’s Côte-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu and will be used to incur resource exploration expenses. These resource exploration expenses will constitute “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Income Tax Act.

A finder’s fee may be payable in accordance with the policies of the TSX Venture Exchange.

The closing of the financing is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws.

The Company confirms there are no material facts or material changes related to the Company which has yet to be generally disclosed.

About FC graphite

FC graphite is engaged in the exploration of critical minerals and is committed to advancing its Lac Guéret South high-grade graphite property to support applications in energy transition and advanced technologies.

The Lac Guéret South Project (formerly the Berkwood Project) borders Nouveau Monde Graphite’s Uatnan graphite project in the southwest Manicouagan reservoir area, approximately 234 km north-northwest of Baie-Comeau in Québec’s Côte-Nord region, on the Nitassinan (ancestral territory) of the Pessamit Innu.

Recent work at Zone 13 has outlined a significant new high-grade graphite-bearing anomaly with a confirmed strike length of 3.3 km and widths exceeding 150 m. Prospecting on this discovery has returned surface and near-surface high-grade graphite, with 46 samples assaying up to 43.4% graphitic carbon (Cg). Refer to the Company’s press releases dated July 30, 2026 and August 20, 2026.

The Company’s land claims and optioned ground now exceed 200 km², establishing one of the most extensive claim portfolios in the Lac Guéret Graphite District. With more than $10 million invested to date and significant exploration upside remaining, First Canadian Graphite is focused on expanding resources and advancing the project toward a Preliminary Economic Assessment (PEA).