Focus Graphite Inc. reported its maiden mineral resource estimate for its 100%-owned Lac Tétépisca graphite project (the "Project") located southwest of the Manicouagan Reservoir in the Côte-Nord administrative region of Québec on the Nitassinan of the Pessamit Innu. The mineral resource estimate ("MRE"), prepared by DRA Global Limited's ("DRA") Montréal, Québec office, includes a pit-constrained Indicated resource for the Manicouagan-Ouest Graphitic Corridor ("MOGC") Lac Tétépisca project of 59.3 Mt tonnes ("Mt") grading 10.61% Graphitic Carbon1 ("Cg") for an estimated content of 6.3 Mt of natural flake graphite (in-situ), and an Inferred resource of 14.9 Mt grading 11.06% Cg1 for an estimated content of 1.6 Mt of natural flake graphite (in-situ). The maiden mineral resource estimate ("MRE") for the Lac Tétépisca project is based on 106 inclined diamond drill holes performed between 2014 and 2020 on the Manicouagan-Ouest Graphitic Corridor ("MOGC") graphite prospect, for a total of 16,467 metres.

Focus discovered the MOGC prospect in July 2012 while conducting reconnaissance geological mapping, prospecting, and outcrop sampling on the Property. The MOGC is defined by a linear kilometre- long ground geophysical Magnetic (MAG) ­ Electromagnetic (EM) anomaly that trends N035o. Drilling was conducted in a 1.4 km long segment of the MOGC, along fences up to 300-metres long, with fences oriented N305o and spaced 100 metres, 50 metres or 25 metres apart.

The MRE for the MOGC deposit incorporates analytical results from a total of 5,177 core samples (QA/QC samples excluded), including: 625 samples sent for analysis in 2015, representing 16 drill holes; 946 samples sent for analysis in 2017, samples representing 18 drill holes; 2,168 samples sent for analysis in 2018, representing 42 drill holes; with the remaining 1,438 samples representing 30 drill holes being sent for analysis in 2021. Assays from the various programs were done using the same sampling, assaying and QA/QC procedures. The MRE is established for the unoxidized profile of the deposit, from surface to a vertical depth of about 200 metres with an average true thickness of about 85 metres.

The deposit remains open along strike to the Southwest and at depth. Core logging, sampling and sample preparation were performed at the IOS laboratory facilities in Saguenay, Québec. Pulverized splits were then sent to COREM, an ISO/IEC 17025:2005 certified facility located in Québec City, for graphitic carbon (code LSA-M-B10) and total sulphur (code LSA-M-B41) analysis using LECO combustion in induction furnace with infrared spectrometry.

The analytical quality control program for the Lac Tétépisca project was implemented by an IOS certified chemist. Approximately 10% of the samples were also analyzed by COREM for total carbon (code LSA-M-B45), organic carbon (code LSA-M-B58) and inorganic carbon (code LSA- M-B11). Duplicates of the same samples were sent to ACTLABS Laboratories of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for graphitic carbon (code 5D ­ C Graphitic) and total sulphur (code 4F ­ S Combustion infrared detection) determinations and for 35 trace element analysis using ICP-MS after an aqua-regia digestion (code 1E2 ­ Aqua Regia).

Also, IOS inserted certified or internal reference material samples (CDN-GR1, CMRI12, Oreas-724, GLC-004, NSC-DC-60119, NSC-DC-60120, NSC-DC-60121), duplicates (quarter-split core, crushing or grinding duplicates), and blanks into the sample sequences representing about 15% of all samples for each of the four drilling programs.