First Canadian Graphite Inc. Appoints Michael Iverson To The Board Of Directors

Press Release

Vancouver, BC and Montreal, QC – March 2, 2026–– First Canadian Graphite Inc. (TSXV: FCI | OTC: GBMIF | FRANKFURT: BR20)  (“First Canadian”, “FCI” or the “Company”), a dynamic junior mining company focused on advancing high-grade graphite projects in Quebec to meet the growing demand for onshore sourced critical minerals, is pleased to announce the appointment of Michael Iverson to its Board of Directors, effective immediately.

Mr. Iverson is a seasoned mining executive and capital markets professional with more than two decades of leadership experience in the resource sector.  In 1998, he founded Niogold Mining Corp. and co-founded Fortuna Silver Mines Inc., serving in senior executive roles including Chairman, Chief Executive Officer, and President through 2016. Since 2007, he has also held various executive positions with Volcanic Gold Mines Inc..

At Niogold, Mr. Iverson led the acquisition and exploration of a significant land package in Val-d’Or, Québec, positioning the company for its acquisition by Oban Mining Corp. (now operating as Osisko Mining Inc.) at a substantial premium to Niogold’s market capitalization. At Fortuna, he played an integral role in the company’s evolution into an established silver producer with operating mines in Peru and Mexico.

Over his career, Mr. Iverson has raised, invested, and co-invested more than $100 million in companies he has led and advised. He brings deep expertise in public and private equity markets, strategic planning, corporate governance, and sales and marketing. Companies where he has served as CEO and/or director have achieved aggregate market capitalizations exceeding $1 billion.

“The FCI Team is thrilled to welcome Mike to the Board,” said John LaGourgue, CEO of First Canadian Graphite. “He brings extensive experience and a proven track record of building successful resource companies, particularly in Québec, as well as driving shareholder value. Mike will be working closely with management implementing best practices as we expand the resource at our flagship Berkwood Graphite Project and assist the move to becoming a leading graphite producer in North America.”

Mr. Iverson commented: “I am honoured to join the Board of First Canadian Graphite at such an exciting time. With increasing global demand for graphite as a critical material for energy storage and advanced technologies, the Company is well positioned to expand the current resource through drilling and exploration, execute on a PEA and make the required steps towards production.”

The Company announces that Mr. Brijender (Binny) Jassal will resign from the board of directors.  Mr. Jassal has been a dedicated director since 2017 and the board thanks Mr. Jassal for his contributions.   Mr. Jassal will continue as Chief Financial Officer.

First Canadian Graphite continues to focus on advancing its graphite projects and positioning the Company to supply high-quality graphite to meet increasing demand from battery, energy storage, and advanced manufacturing markets.

ABOUT FIRST CANADIAN GRAPHITE INC.

First Canadian Graphite Inc. is an exploration Company advancing its flagship Berkwood Graphite Project, located in northern Quebec, Canada.  The Company has a 43-101 Resource Estimate Report revealing 3.2 million tonnes of indicated and inferred graphite, averaging grades of 17%.

Pessamit Innu First Nation

First Canadian Graphite respectfully acknowledges that the Berkwood Project is located within the traditional territory of the Pessamit Innu First Nation. The Company is committed to fostering respectful, transparent, and collaborative relationships with local Indigenous communities throughout the development process.

On Behalf of the Board of Directors

First Canadian Graphite Inc.

John LaGourgue

CEO & Director

2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705

#1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740

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