Lac Aux Bouleaux Graphite Property

Strategically Located with Fast-Track Production Potential

Graphano Energy’s 100%-owned LAB Graphite Project represents a compelling near-term development opportunity in Quebec, Canada. Strategically located directly south of the world-class Lac des Iles graphite operation (TIMCAL, now owned by Northern Graphite), the project spans 2,033 hectares across 37 mineral claims in Quebec’s prolific Grenville geological province.
The project benefits from an existing processing agreement with Northern Graphite, providing direct access to established mining infrastructure and processing facilities. This strategic advantage significantly reduces capital requirements and development risk while positioning LAB as one of North America’s most promising graphite development projects.

Initial Mineral Resources and Growth Opportunities

The LAB Project contains a total indicated mineral resource of approximately 690,000 tonnes grading 8.01% Cg and an inferred mineral resource of approximately 600,000 tonnes grading 6.74% Cg, across the Pit Zone, Zone 1, and Zone 3. There is significant potential to expand resources within each of these defined zones, and exploration has also identified six additional zones on the property that remain open for further drilling. The most advanced of these drill ready exploration targets are Zones 8, 2 and 5.

Zone 8:

• Mineralized trend approximately 1,000 metres in length, defined by airborne and ground geophysical surveys
• Two drill holes completed on south end of trend. Best intersection of 4.12% Cg over 6.0 metres
• Prospecting along the length of the trend located six bedrock showings which returned high grade assay results of 22.7% Cg, 21.1% Cg, 19.5% Cg, 12.1% Cg, 6.6% Cg and 3.39% Cg from grab samples.

Zone 2:

• Mineralized trend approximately 750 metres as defined by ground geophysics to date. Airborne survey shows continuation of the target for addition 4 metres to our property boundary with Northern Graphite.
• Prospecting along the trend has discovered five separate bedrock showings which returned high grade assay results of 23.3% Cg, 21.9% Cg, 17.7% Cg, 15.8% Cg and 2.25% Cg from grab samples.
• Targets are well defined for first phase drill testing.

Zone 5:

• Mineralized trend approximately 500 metres by 500 metres hosting multiple defined ground geophysical conductive targets. Airborne survey shows continuation of the target trends into the Northern Graphite property.

Figure: Proximity to Northern Graphite Infrastructure; Established resources at Pit Zone, Zone 1 and Zone3; Priority exploration targets for drilling (Zones 5,8,2,7 & 6)

Development Outlook

The LAB Graphite Project represents a unique opportunity to develop a high-quality graphite resource in North America’s limited production landscape. With established infrastructure, proven metallurgy, strategic location, and existing processing agreements, the project is well-positioned to advance toward production in support of the growing battery materials and energy transition markets.

Property Description and Location

The Lac Aux Bouleaux Graphite Property is strategically positioned in southern Quebec’s established mining region near the city of Mont-Laurier, 241km from Montreal.

Climate Considerations

The Mont-Laurier region experiences a continental temperate climate with distinct seasons:
• Winter temperatures: -4°C to -17°C average
• Summer temperatures: 10°C to 27°C average
• Exploration season: Year-round capability, with surface work optimal during snow-free periods
• Development conditions: Suitable for continuous, all year-round mining operations

Historical Development

The LAB graphite mineralization was first discovered in 1957 by prospectors Phraz Arbic and Dr. L.J. LaRue. The property’s development history demonstrates both its geological potential and market validation:

Early Development (1957-1980s)

• Initial discovery led to formation of Italia Copper
• Comprehensive exploration including stripping, diamond drilling, and bulk sampling
• Metallurgical testing by three independent laboratories yielded favorable results
• M.H.M. Syndicate continued development and secured UK marketing agreements
• UK firms were impressed with grade and flake quality, noting superiority to other market sources

Modern Ownership Evolution

• 1981: Acquired by Orrwell Energy Corporation Ltd. through C. Gordon Awde
• Property subsequently held by Imerys until November 2014
• 2014: Claims lapsed and immediately restaked by Geomap Exploration Inc.
• 2019: Acquired by Manganese X Energy Corp. and sold to Graphano Energy
• 2020 – Current: Owned by Graphano Energy Ltd. (Company was listed in the TSXV in 2021)

The Quebec Ministry of Energy and Mines (MERN) maintains comprehensive records of all historical exploration and development activities, providing valuable data for future development planning.