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Focus Graphite begins Phase 2 (12,000 metres) of its 2022 core drilling program on its Lac Tétépisca project

Press Release

KINGSTON, ONTARIO – July 28, 2022 – Focus Graphite Inc. (TSX. V: FMS) (“Focus” or the “Company”) is pleased to announce the launch of the second phase (12,000 m) of its 2022 core drilling program on its Lac Tétépisca project. Phase 2 of the program was initiated following the receipt on July 6 of two land use permits from the ministry of Forests, Wildlife and Parks of Québec (“MFFP”) relating to the Manicouagan-Ouest Graphitic Corridor (“MOGC”) deposit sector and the areas of the “West Limb” and “Southwest MOCG” exploration targets. The Lac Tétépisca graphite project is wholly owned by Focus. It is located on the Nitassinan (ancestral territory) of the Pessamit Innu in the Côte-Nord region, 234 km north-northwest of the city of Baie-Comeau.

Marc Roy, CEO of Focus, said: “Our team is pleased to have obtained the necessary approvals to launch the second phase of drilling on our Lac Tétépisca project. We are now able to continue exploration drilling on the West Limb and Southwest MOGC targets as well as deep infill drilling on the MOGC deposit.”

The exploration drilling program for the West Limb and Southwest MOGC targets aims to validate the occurrence of graphite mineralization within the extension, of the magnetic and electromagnetic anomaly associated with the MOGC deposit, over an approximate distance of five kilometres. A deep infill drilling program is also underway at the MOGC deposit. The purpose of this program is to convert a portion of the 59.3 million tonnes (Mt) of Mineral Indicated Mineral Resources grading 10.61% Cg* into Measured Resources, as well as a portion of the 14.9 Mt of Inferred Mineral Resources grading 11.06% Cg* in Indicated Resources. The conversion of Inferred and Indicated mineral resources to higher category resources is necessary to allow the MOGC deposit to reach the next step of the development process, the Preliminary Economic Study (“PEA”).

*Source: Report entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Lac Tétépisca Graphite Project, Québec”” prepared by DRA Global Ltd., Montreal office, filed on www.sedar.com April 5, 2022, and available under Focus Graphite Inc.

To date, 31 holes have been drilled on the Lac Tétépisca project, based on the land use permits obtained previously (total: 6,483.65 metres). The preparation of core samples from these boreholes is underway at IOS Services Géoscientifiques Inc. (“IOS”) laboratories located in Saguenay, Québec, and the first batches of samples will be shipped shortly to COREM laboratories located in Quebec City for graphite carbon (Cg) and total sulfur (S(tot)) assays.

The drilling program was designed and operated by IOS acting as Focus’ main contractor, while Table Jamésienne de Concertation Minière (“TJCM”) of Chibougamau, Québec, the Company’s technical advisor, is supervising the project. The drilling work was entrusted to Forage G4 of Val-d’Or, Québec.

Qualified person

Mr. Marc-André Bernier, géo. (QC), P.Geo. (ON), M.Sc., Senior Geoscientist for Table Jamésienne de Concertation Minière, a consultant to the Company and a Qualified Person as defined under National Instrument (NI) 43 – 101 Standards of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.

About the Lac Tétépisca graphite project

Focus Graphite’s 100%-owned Lac Tétépisca Graphite Project comprises two contiguous properties, Lac Tétépisca and Lac Tétépisca Nord, located in the Southwest Manicouagan reservoir area of the Côte-Nord region of Québec on the Nitassinan of the Pessamit Innu, 234 km north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of the St. Lawrence River. Together, the two properties form a block of 125 map-designated claims (total area: 6,737.50 ha). Focus purchased a 100% unencumbered interest of the mineral rights in the 67 CDC claims constituting the original Lac Tétépisca property from a third party in August 2011. The Lac Tétépisca Nord property was map-staked by the Company in 2012. The Lac Tétépisca Project is accessible year-round by way of a network of secondary gravel roads that extend north from Highway 389, 10 km to the south of the Manic 5 hydroelectric power station.

Additional maps of the Lac Tétépisca property showing the location of the West Limb and Southwest MOGC targets and the MOGC graphite deposit, along with drill sections, are available on the Company’s website at www.focusgraphite.com.

About Focus Graphite

Focus Graphite Inc. is an exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte-Nord administrative region of Québec. As part of its mission to build long-term, sustainable shareholder value, Focus is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds an equity position in graphene applications developer Grafoid Inc. Focus is committed to operating in a socially, environmentally, and ethically responsible manner.

For more information about Focus Graphite and the Company’s Lac Tétépisca and Lac Knife projects, please visit Focus’s website at www.focusgraphite.com or contact:

Kimberly Darlington
Communications, Focus Graphite
[email protected]

Judith Mazvihwa-MacLean
Chief Financial Officer, Focus Graphite
[email protected]
(613) 581-4040

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