Focus Graphite Inc. to commend Nouveau Monde Graphite Inc. (NMG) on entering into an asset purchase agreement with Mason Resources Inc. ("Mason") for the acquisition of Mason's Uatnan property and graphite deposit (formerly known as "Lac Guéret"). The Uatnan property is located 5 kilometres to the south of Focus's 100%-owned Lac Tétépisca property, which is host to the Company's Manicouagan-Ouest Graphitic Corridor (MOGC) graphite deposit. In 2022, Focus completed an additional 14,900.5 metres of core drilling from 74 holes at its Lac Tétépisca property, including 6,640.2 metres of new definition drilling from 27 deep definition holes positioned along strike of the MOGC graphite deposit.

To date, the Company has released the results of 21 out of the 27 deep definition holes drilled on the MOGC deposit in 2022. The results of the last six (6) definition drill holes are pending. Once received, the 2022 deep definition drilling results will be integrated with the results from previous drilling programs targeting the Manicouagan Ouest Graphitic Corridor to form the basis of an updated mineral resources estimate for the Lac Tétépisca project.