Reflex Advanced Materials Corp. announced that, through agreement with the mineral rights owner, it has submitted permit applications to the Bureau of Land Management (BLM) in respect of its exploration of the Ruby Graphite project in Dillon, Montana. The Ruby Graphite project (the "Project") covers approximately 2000 acres and 96 federal lode mining claims located in Beaverhead County, Montana, USA.

The Company secured an option to acquire 100% ownership in the Project in September. The Project is prospective for natural crystalline graphite due to its history of commercial graphite production. There is currently no commercial production of graphite in the United States.

Ruby Graphite Holdings LLC, owner of mineral rights in the Project area, on behalf of the Company, submitted a notice to the BLM for constructing access routes and drill pads, and also submitted a modification to its existing Plan of Operations for upgrading roads, drilling on previously disturbed areas, and installing a weather station and cell phone repeater. The applications to the BLM include the construction of more than 20 drill pads and are expected to enable the Company to undertake multiple comprehensive exploration programs to evaluate the graphite mineralization in the Ruby project area. The Company's initial drill program, expected to take place in the summer of 2023, includes plans for 3500 total meters of drilling, cored to an average depth of 130 meters.

The targets for this drill program have been identified using historical data from original mine operations and data gathered for the initial 43-101 technical report on the Project, dated January 31, 2023.