E-Power Resources Inc. announced the results of the drilling and exploration program completed on the Tetepisca Graphite Property during the summer and fall of 2023. During the summer and fall of 2023, E-Power completed an exploration program consisting of 2650.5 metres in 18 diamond drill holes (NQ diameter core) and surface exploration which included beep mat prospecting and drilling a total of 19.35 metres in 6 holes (BQ diameter core) using a man-portable drill. A total of 672 m of core (650 samples) was analyzed for Carbon concentrations (per cent Carbon as graphite or "% Cg").

The exploration was completed primarily at four target areas previously prioritized by the Company including the Graphi-Centre, 1078, and Southern targets, and the Captain Cosmos group of claims. All holes drilled intersected graphite mineralization. Graphi Centre is a top priority target on the Tetepisca property. The pattern of conductivity is interpreted as a folded graphitic unit from which the Company has defined 3 drill targets; the northern limb, the hinge, and the southern limb zones.

Only the northern limb was drill tested during the 2023 drilling campaign. Results which include 17.85 % Cg over and intersection length of 3.80 metres, 9.57 % Cg over an intersection length of 3.70 m, and 17.80 % Cg over an intersection length of 0.50 m occur over a strike length of approximately 850m along the north limb zone. The man portable drilling returned 13.16 % Cg over 1.00 m, 6.00 % Cg over 3.90 m, and 5.84 Cg over 2.55 m along the 850 m strike length.

Following up on the mineralized trend as well as drilling the hinge and southern limb zones at Graphi-Centre is a priority resource delineation target for the 2024 exploration season. Captain Cosmos is an earlier stage exploration target on the Tetepisca property which has been prioritized based on favourable response to historical airborne conductivity surveys. Work on the Captain Cosmos target included beep mat prospecting to locate the airborne conductivity anomaly followed by excavation of overburden to expose bedrock, and prospect drilling with the man-portable drill.

Three short, relatively closely spaced, holes were completed for a total of 11.9 m. Results of the Cg analyses range from 23.97 % Cg to 16.93 % Cg . Further evaluation, including drilling, of the conductive trends on the Captain Cosmos target claims as well as trenching and bulk sampling are planned for the 2024 field program. Four holes were competed at the 1078 target.

All four holes intersected lower grade Cg mineralization over relatively long intersection lengths which include 1.87 % Cg over 54.3 m in hole TTP-23-004 (which includes 2.66 % Cg over 20.50 m), 2.27 % Cg over 17.90 m in TTP23-005, 1.13 % Cg over 36.8 m in hole TTP23-006, and 2.01 Cg over 20.75 m in TTP23-007. All holes contained narrower high grade intercepts including 25.3 % Cg over 0.5 m in TTP23-004 and 15.70 % Cg over 1.6 m in TTP23-006 . The four holes drilled at the 1078 target confirm mineralization over a 400 m strike length of the airborne conductor.

The total length of the conductive trend on the 1078 block of claims is approximately 4.25 km which will be evaluated for resource potential during the 2024 exploration season. A total of 7 holes were drilled at the Southern target. Initially 3 holes were completed on the western side of the Southern target and subsequently 4 holes were completed on the eastern side.

The southern target was prioritized based on conductivity signature as well historical drilling and trenching on adjacent property claims to the east. Graphite was intersected in all holes drilled in the Southern target however with few exceptions were narrow and low grade. No further work is planned for the Southern target at this time.