| First Canadian Graphite well positioned to Capitalize on China's Export Controls on Graphite 
 thenewswire.com
 
 Montreal, QC – TheNewswire - Oct 23rd 2025 — First Canadian Graphite Inc. (the “Company”) (TSX-V: FCI | Frankfurt: BK2)   provides a summary of China’s recent announcement of stricter export  controls on lithium-battery raw materials and graphite anode materials,  effective November 8, 2025, as a catalyst that strengthens the strategic  importance and market value of graphite produced outside China.
 
 China’s Ministry of Commerce (MOFCOM) and General Administration of  Customs have unveiled a new regulatory regime that places certain  lithium-battery raw materials, associated equipment, and graphite anode  materials under export licensing and control. ( Global Times)  Under the new rules, many exports of artificial graphite anode  materials, processing equipment (such as graphitization furnaces,  granulation reactors, coating / modification systems), and related  technologies will require government approval before shipment. ( Global Times)
 
 What This Means for Graphite Markets
 
 
   These controls are expected to tighten the global supply of processed  graphite and related battery materials, particularly for overseas  consumers reliant on the Chinese supply.  
 
  The bottleneck effect could cause upward pressure on graphite prices and  margins, benefiting producers outside of China with secure supply  chains.  
 
  Buyers and battery manufacturers are likely to seek alternative, more  stable sources of graphite and anode material, accelerating demand for  non-Chinese suppliers.  
 
  The controls may also incentivize upstream investment in graphite  mining, processing, and value-added manufacturing in jurisdictions  viewed as reliable,    
 
 First Canadian Graphite respectfully acknowledges that  the Berkwood Project is located within the traditional territory of the  Pessamit Innu First Nation. The Company is committed to fostering  respectful, transparent, and collaborative relationships with local  Indigenous communities throughout the development process.  With these export control changes, First Canadian Graphite expects to  benefit from increased global focus on the secure supply of North  American critical minerals.  
 
 
 Forward-Looking Statements
 
 This press release contains forward-looking statements, including  statements about demand, pricing trends, strategic positioning, and the  expected benefits of China’s export controls. These statements are based  on assumptions and beliefs of management and involve risks and  uncertainties, which may cause actual results to differ materially from  those anticipated.
 
 
   
 About the Berkwood Graphite Project
 
 The Berkwood Graphite Project is located within the  jurisdiction of Quebec, in the Manicouagan Regional County Municipality,  three hours driving time from the city of Baie-Comeau. Easy access is  provided via a major secondary road and numerous tertiary and forest  roads that traverse the property.
 
 The Zone 1 resource lies 8 km southwest of Nouveau Monde’s deposit  which has a $3.5 billion NPV on it. The Companies Zone 1 resource, and  that of Nouveau Monde, share many similar geological characteristics,  with the Zone 1 resource being of exceptionally high grade and coarse  flake size by global standards.
 
 The current mineral resource at the Berkwood Graphite  Project includes in-pit constrained resource totalling 1,755,300 tonnes  of indicated resources at 17.00 % Cgr and 1,526,400 tonnes in inferred  resources at 16.39 % Cgr.
 
 Table 2: In-pit Resource at Lac Gueret South Project (rounded numbers)
 
 Current Resources (as of June 17th, 2019)
 
 
 The mineral resource estimates above are described in the technical report entitled,  NI 43-101 Technical Report Mineral Resource Estimate  on the Lac Gueret South Graphite Property, Quebec, Canada. With an  Effective date of June 30th, 2019, by Edward Lyons, PGeo., Florent  Baril, ing., and Claude Duplessis, ing.| Minerals Resources Category 
 
 | Tonnage (Mt) 
 
 | Grade (% Cgr) 
 
 | Cgr (t) 
 
 | Cut off 
 
 |  | Indicated 
 
 | 1.76 
 
 | 17.0 
 
 | 299,200 
 
 | 6.81% 
 
 |  | Inferred 
 
 | 1.53 
 
 | 16.4 
 
 | 250,200 
 
 | 6.81% 
 
 | 
 
 About the Company: First  Canadian Graphite is managed by a team with over 150 years of  collective experience, with a proven track record of not just finding  numerous mines but building and operating them too. The First Canadian  Graphite management team’s most recent success is discovering the  Berkwood graphite resource in Northern Quebec. First Canadian owns this  asset 100 percent, and the Company’s shareholders will benefit from this  asset as the demand for a local source of Graphite for electric  vehicles and other consumers increases significantly.
 
 
   
 On Behalf of the Board of Directors
 
 First Canadian Graphite lnc.
 
 ‘Thomas Yingling’
 
 President, CEO & Director
 
 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
 Phone: (438) 469-0705
 
 #1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
 Phone: (604) 343-7740
 
 FOR MORE INFORMATION, PLEASE CONTACT:
 
 info@firstcanadiangrahite.com or 1-604-343-7740
 
 Website:  www.firstcanadiangraphite.com
 
 Disclaimer for Forward-Looking Information: Certain  statements in this document which are not purely historical are  forward-looking statements, including any statements regarding beliefs,  plans, expectations or intentions regarding the future. Forward looking  statements in this news release include that the Company will carry out  the drill program described in this news release, conduct the Offering  and expend funds on Berkwood Graphite Project exploration. It is  important to note that the Company's actual business outcomes and  exploration results could differ materially from those in such  forward-looking statements. Risks and uncertainties include that further  permits may not be granted timely or at all; the mineral claims may  prove to be unworthy of further expenditure; there may not be an  economic mineral resource; methods we thought would be effective may not  prove to be in practice or on our claims; economic, competitive,  governmental, environmental and technological factors may affect the  Company's operations, markets, products and prices; our specific plans  and timing drilling, field work and other plans may change; we may not  have access to or be able to develop any minerals because of cost  factors, type of terrain, or availability of equipment and technology;  and we may also not raise sufficient funds to carry out our plans.  Additional risk factors are discussed in the section entitled "Risk  Factors" in the Company's Management Discussion and Analysis for its  recently completed fiscal period, which is available under Company's  SEDAR profile at  www.sedar.com.   No assurance can be given that any of the events anticipated by the  forward-looking statements will occur or, if they do occur, what  benefits the Company will obtain from them.  These forward-looking  statements reflect management's current views and are based on certain  expectations, estimates and assumptions, which may prove to be  incorrect. Except as required by law, we will not update these  forward-looking statement risk factors. Neither TSX Venture Exchange nor  its Regulation Services Provider (as that term is defined in the  policies of the TSX Venture Exchange) accepts responsibility for the  adequacy or accuracy of this News Release.
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