Sarytogan Graphite Limited reported the first round of drilling results from the Sarytogan Graphite Deposit in Central Kazakhstan. Thick high-grade graphite intercepts from the first 7 diamond drill holes from the Central Graphite Zone include: 62.0m @ 27.5% TGC from surface incl. 5.7m @ 40.1% TGC in ST-60.

30.5m @ 34.1% TGC from surface incl. 20.0m @ 36.0% TGC, and 68.7m @ 27.5% TGC from 34.7m incl. 4.0m @ 39.0% TGC, and 10.4m @ 17.5%TGC from 109.1m in ST-61.

77.5m @ 28.8% TGC from 5.2m incl. 4.0m @ 41.5%TGC in ST-63. 25.7m @ 28.1% TGC from 18.2m, and 38.5m @ 31.7% TGC from 67.5m incl.

18.2m @ 41.0% TGC, and 7.2m @ 19.9% TGC from 114.2m in ST-64. 7.3m @ 27.5% TGC from surface, and 20.9m @ 16.5% TGC from 13.1 m, and 20.5m @ 27.6% TGC from 59.5 incl. 7.5m @ 36.5% TGC in ST-66.

Multiple thicker and higher-grade results than the historical information used to estimate the Mineral Resource in the same area. Drilling is continuing to the north-east of the Central Graphite Zone, outside of the current 209Mt @ 28.5% TGC Inferred Mineral Resource. 13 holes for 1,297m have been drilled to date (6 holes pending assays) from an ongoing program of 4,000m.

Next steps include ongoing diamond drilling, metallurgical test-work and a revised Mineral Resource in first quarter of 2023.