Graphano Energy Ltd. announced that it has entered into an option agreement with Mr. Daniel St-Pierre, pursuant to which the Company has been granted the exclusive right and option to acquire 100% of the Standard graphite historical mine ("Standard"), located 32 km northeast of the Company's Lac Aux Bouleaux graphite project. During recent site visits, twenty surface grab samples were collected from numerous old trenches, pits and bedrock sources within a 100 m by 75 m area near the historic Standard Mine shaft area. This work has confirmed the historic reports of multiple horizons of high-grade graphite mineralization.

The recent grab sample assays range in grade from 5.32% Cg to 26.4% Cg. The average grade of the 20 samples collected was 19.8% Cg. In May 2022, the Company completed three short drill holes totaling 127 metres in the shaft area.

Two of the holes intersected encouraging graphite mineralization highlighted by an intersection of 11.61 % Cg over 3.3 m (core length). The third hole entered the old underground mine workings at a depth of 23 m and was abandoned without testing the mineralization. All surface grab and drill core samples were bagged and tagged using best practices and were delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario, for sample preparation and analyses using laboratories' Code 4F-C Graphitic, analyzing C-Graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C-Total (infrared).

ACTLABS is an independent commercial, accredited ISO Certified Laboratory.