Dean Hanisch to Join Focus Graphite as Special Advisor, Corporate Development

The Company will host an update for shareholders on September 19

KINGSTON, August 30, 2024 - Focus Graphite Inc. (TSXV:FMS)(OTCQB:FCSMF)(FRANKFURT:FKC0) ("Focus Graphite" or the "Company") is pleased to announce that Mr. Dean Hanisch will join the Company as a Special Advisor and Business Development Consultant, effective September 3, 2024. Mr. Hanisch will work on advancing Focus Graphite's assets through strategic business development initiatives and fostering collaborations with industry and government partners.

Dean Hanisch is an entrepreneur with a successful 30-year record of assisting private and public companies in a broad range of industries, and at all stages of growth from seed and commercialization to operation and monetization. Mr. Hanisch has assisted a number of junior mining companies to enhance their market presence, and was instrumental in the growth and eventual sale of U.S.-based Paramount Gold and Silver Corp. Previously, Mr. Hanisch held a variety of senior executive positions in the IT industry, again assisting companies to grow, prosper and maximize shareholder return through acquisitions by public companies - for example, Titan Consulting Group acquired by Calian CTY.

"As the buzz around critical minerals grows ever louder, we are delighted to welcome Dean to the team here at Focus," said Marc Roy, president and CEO of Focus Graphite. "Dean's expertise in developing partnerships will benefit the Company as we continue to advance our Lac Knife and Lac Tétépisca natural large-flake graphite projects."

Shareholder update session

Shareholders and other stakeholders will have the opportunity to hear a corporate update and ask questions during a webinar on September 19, 2024, at 10:00 a.m. (Eastern Time). Attendees will need to register for the webinar in advance at the following link:

https://us06web.zoom.us/meeting/register/tZ0lfu6hqTgpG93H11JCRloro6YMrPsEBae3.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing flake graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte-Nord administrative region of Québec. In a second stage, to meet Québec stakeholder interests in developing second transformation industries within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added specialty graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite and the Company's Lac Tétépisca and Lac Knife projects, please visit Focus's website at www.focusgraphite.com/ or contact:

Kimberly Darlington
Communications, Focus Graphite
kdarlington@focusgraphite.com

Judith Mazvihwa-MacLean
CFO, Focus Graphite
jmazvihwa@focusgraphite.com
(613) 581-4040

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information, including references to the plans and project of the Company such as proceeding with production at the Company's Project, proceeding with exploration activities on its permits on Lac Tétépisca. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "potential", "high-potential", "expected", "optimistic", "looking forward", "moving forward", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) fluctuations in commodity prices; (vii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (viii) competition faced by the issuer in securing purchasers, off-taker markets, clients and experienced personnel and financing; (ix) access to adequate infrastructure to support mining, processing, development and exploration activities; (x) the risks associated with changes in the mining regulatory regime governing the issuer; (xi) the risks associated with the various environmental regulations the issuer is subject to; (xii) risks related to regulatory and permitting delays; (xiii) risks related to potential conflicts of interest; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration, and development plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approval, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

SOURCE: Focus Graphite, Inc.