CANADA CARBON COMPLETES THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY

Executive Summary

• Canada Carbon completed a third drilling campaign at the Asbury Graphite Property, logging 2,517 m of core (≈48% of the planned 5,200 m).
• The new drill data will be used to update the NI 43‑101 resource estimate and to support a pre‑feasibility study slated for completion by 30 Jun 2026.
• Historical assay results from prior 2022–2023 campaigns are highlighted, showing high‑grade graphite intercepts (e.g., 12.25% Cg over 22.5 m).

Key Details

• Campaign Scope: November 4 2025 – December 10 2025; planned 5,200 m, completed 2,517 m across the full 5‑km mineralized trend.
• Cumulative Drilling: With 2022 and 2023 programs, total core now exceeds 7,500 m, further de‑risking the Asbury deposit.
• Resource Update Intent: Data will feed an updated NI 43‑101 resource report; pre‑feasibility study targeted for 30 Jun 2026.
• Maiden Resource (May 30 2024): Inferred 4.14 Mt at 3.05% Cg, cut‑off grade 1.0% Cg, based on an optimized open‑pit model.
• Historical Assay Highlights:
• Fall 2023 campaign – 12.25% Cg over 22.5 m (eastern deposit).
• Fall 2022 campaign – up to 2.21% Cg over 55.85 m; 9.21% Cg over 7.25 m in hole DDH‑AS22‑07; 5.0% Cg over 33.5 m (including 8.57% Cg over 13.5 m).
• Qualified Person: Maxime Dupere, P.Geo, OGQ – independent qualified person under NI 43‑101 reviewed and approved the technical information.
• CEO Comment: Ellerton J. Castor expressed confidence in Asbury’s commercial potential, its benefit to the local economy, and alignment with Quebec’s strategic mineral development goals.

Notable Quotes

“We remain excited about the commercial potential of Asbury and are confident that this project will be beneficial to the local economy… it will contribute significantly to the Quebec government's efforts to accelerate the development of mining projects for critical and strategic minerals.” – Ellerton J. Castor, CEO, Canada Carbon Inc.