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Focus Graphite Closes Private Placement

Press Release

OTTAWA – Focus Graphite Inc. (TSX-V:FMS) (“Focus” or the “Company”) is pleased to announce it has closed its previously announced non-brokered private placement (the “Offering“) for total gross proceeds of $842,616.00.

As part of the Offering, the Company issued 988,640 common shares on a flow-through basis (the “Flow-Through Share”) at a price of $0.65 per Flow-Through Share and 500,000 units (the “Units”) at a price of $0.40 per Unit. Each Unit is comprised of one (1) common share and one-half (1/2) common share purchase warrant (a “Warrant“). Each Warrant entitles its holder to purchase one (1) common share at a price of $0.65 per common share until December 29, 2023.

The securities issued in connection with the closing of the Offering are subject to a four-month hold period expiring on April 30, 2023.

The Offering is subject to the final approval of the TSX Venture Exchange.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value. Focus is evaluating the feasibility of producing value added 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 a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Focus Graphite Investor Contact:

Focus Graphite Inc.
Judith Mazvihwa-MacLean
CFO
(613) 581-4040
[email protected]

Kimberly Darlington
Investor Relations
[email protected]
514-771-3398

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