Focus Graphite Reports 77.14 m Grading 17.63% Graphitic Carbon (Cg) in Hole LT-22-135 from its 2022 Definition Drilling Program at Lac Tétépisca Project, Québec

Deep definition drill hole LT-22-135 returns one of the most significant high-grade graphitic carbon intercepts to date at Lac Tétépisca, further demonstrating the potential for a significant extension of the MOGC deposit at depth along strike.

KINGSTON, ON / ACCESSWIRE / April 20, 2023 / Focus Graphite Inc. (TSX.V:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to report the results for an additional nine (9) holes from the Company's 2022 exploration and definition drilling program at its 100%-owned Lac Tétépisca graphite project, located southwest of the Manicouagan Reservoir in the Côte-Nord administrative region of Québec, on the Nitassinan of the Pessamit Innu.

Between March 3 and November 17, 2022, Focus completed 14,900.5 metres of core drilling from 74 holes, including 6,640.2 metres of definition drilling from 27 deep holes along strike of its Manicouagan Ouest Graphitic Corridor ("MOGC") deposit.

The results reported today are for five (5) deep definition holes drilled on sections at a 50-metre spacing over a 200 m strike length section of the MOGC deposit's south end, between Line 9+00S and Line 11+00S; and four (4) deep definition holes drilled between Line 2+00S and Line 3+50S at the north end of the deposit (Table 1).

Highlights:

• Hole LT-22-135, drilled at -65^o to a vertical depth of 190.3 metres on Section L9+00S, intersected 77.14 metres* grading 17.63% Cg (from 92.85 metres to 183.6 metres**; Table 1).
• Hole LT-22-136, drilled at -68^o to a vertical depth of 191.9 metres on Section L9+50S intersected 88.44 metres* grading 12.60% Cg (from 57.66 metres to 166.2 metres**; Table 1), including:
• 51.56 metres* grading 16.21% Cg (from 95.45 metres to 159.00 metres**).
• Hole LT-22-137, drilled at -68^o to a vertical depth of 191.9 metres on Section L10+00S, intersected 42.47 metres* grading 10.36% Cg (from 97.00 metres to 149.20 metres**; Table 1), including:
• 22.49 metres* grading 14.31% Cg (from 98.20 metres to 126.00 metres**).
• Hole LT-22-124, drilled at -62^o to a vertical depth of 196.0 metres on Section L3+50S intersected 76.60 metres* grading 10.83% Cg (from 110.30 metres to 198.55 metres**; Table 1), including:
• 34.28 metres* grading 14.86% Cg (from 110.30 metres to 149.90 metres**).
• Hole LT-22-121, drilled at -70^o to a vertical depth of 247.9 metres on Section L2+00S, intersected two mineralized horizons (Table 1):
• 34.71 metres* grading 15.64% Cg (from 99.00 metres to 143.20 metres**) and,
• 56.41 metres* grading 9.62% Cg (from 158.70 metres to 229.50 metres**).
• Holes LT-22-122 and LT-22-123, drilled on Sections L2+50S and L3+00S, respectively, intersected the southwest extensions of the two mineralized horizons intersected in hole LT-22-121, with similar thicknesses and grades (Table 1).
• Holes LT-22-138 and LT-22-139, drilled on Sections L10+50S and L11+00S, respectively, intersected at depth the mineralized horizon reported in holes LT-20-89 and LT-17-66, with similar grades but greater thickness, although discontinuities are noticed.

* True thickness ** Core length

Marc Roy, President and CEO of Focus states. "The latest results from our 2022 definition drilling program at Lac Tétépisca continue to demonstrate the potential for a significant extension of the MOCG deposit at depth and along strike. The results also reveal marked differences in the style of graphitic mineralization between the north and south ends of the deposit. We look forward to the results from the set of deep definition holes drilled along the central section of the deposit, which are pending, to gain a better understanding of the geological controls on graphite mineralization distribution and grade along the full length of the deposit, a key consideration for the preparation of a future updated mineral resource estimate for the project."

Drill core analytical results continue to be delivered to Focus at a rate of about one hole per week and they will be released by the Company as they are received from ACTLABS laboratories, with interlaboratory checks at COREM, and compiled, processed and QAQC-verified by IOS Services Géoscientifiques Inc. ("IOS") who designed the 2022 drilling program and are managing the analytical program for the Lac Tétépisca project for the Company. Please monitor the Company's website at (www.focusgraphite.com) and regulatory filings on SEDAR (www.sedar.com) for the latest news on the Lac Tétépisca project.

Geological sections showing the results of the 14 definition drill holes from the 2022 drilling program released by the Company in 2023, together with the results from 2014 to 2020 drilling, are available on the Company's website atwww.focusgraphite.com, along with a map showing the location of the drill holes.

Table 1. Highlights of the nine (9) drill holes from the 2022 deep definition core drilling program targeting the MOCG deposit.

Notes:

(1) True thicknesses are reported in this news release and are calculated based on a dip of -58.5° for the mineralised envelope. Core descriptions, sampling information and analytical results were captured in Geotic™ core logging software, and then exported to LeapFrog^tm software for three-dimensional (3-D) rendering. The 3-D mineralisation envelope has an azimuth of N035.5° and dips at -58.5° to the south-east according to the 3-D model. The drill holes crosscut the envelope of the main mineralised zone's strike (80°) and dips (60^o) at high angle.

(2) "Best intercepts" and "significant mineralisation" are defined as Cg grading a minimum of 5.0% over at least 6.0 m with internal dilution set at a maximum of 7.0 m consecutive and no external dilution. "Best sub-intercepts" are defined as Cg grading a minimum of 10.0% over 6.0 m with same limitations on dilution. The 5% cg and 10% Cg cut-offs are used solely to delineate the extent of the mineralised envelopes corresponding to "Best intercepts" and "Best sub-intercepts", respectively. Economic cut-offs based on geological, metallurgical, mining, and economic factors, parameters and considerations will be determined as part of the mineral resource estimate update planned for the Lac Tétépisca project later in 2023 and through subsequent technical studies.

(3) Barren core intervals within the mineralised envelope of the MOGC that were not analysed are considered as 0.0% Cg internal dilution.

(4) Analyses were performed by COREM of Quebec City, an ISO/IEC 17025:2005 cert