Graphano Provides Update on Airborne MAG-TDEM Geophysics Program at Black Pearl, Quebec

The most recent news, dated December 17, 2025, reports that Graphano Energy Ltd. has engaged Prospectair Geosurveys to conduct a helicopter-borne airborne magnetic (MAG) and time-domain electromagnetic (TDEM) geophysical survey over its Black Pearl Project in Québec. The survey, covering approximately 637 line-kilometres with 100m spacing, is expected to commence this week, subject to weather. Concurrently, the company is engaging an engineering firm to manage bulk sample extraction activities for its Lac Aux Bouleaux (LAB) and Standard project areas, including data gathering for site selection and environmental planning. The CEO, Luisa Moreno, stated that the high-resolution data will provide critical subsurface intelligence for Black Pearl's strategic development.

This news represents a routine, albeit positive, operational update. The airborne geophysical survey on the Black Pearl project and the initiation of bulk sample planning for the LAB and Standard projects were explicitly stated uses of proceeds from the recently closed $375,000 private placement on December 3, 2025 (and previously, the $300,000 private placement closed September 5, 2025).

While these activities are crucial steps in advancing the company's projects, they are directly in line with previously announced intentions and financings. The news confirms that Graphano is effectively deploying its recently acquired capital to execute its exploration and development strategy. There is no new discovery, unforeseen acceleration, or significant change in corporate direction communicated. It demonstrates steady progress, fulfilling expectations rather than exceeding them materially. Therefore, the impact on the stock is likely to be positive but not transformative.

Graphano Energy Ltd. (TSXV: GEL) is a Canadian company focused on the exploration and development of energy metals resources, specifically graphite, in Québec. Graphite is a critical material for green technologies like lithium-ion batteries in electric vehicles and other energy storage solutions.

The company's primary assets are: * Lac Saguay Graphite Project (LAB and Standard properties): Located in Québec, this project is contiguous to Northern Graphite's Lac des Iles mine, which is North America's only producing graphite mine. In July 2025, Graphano announced an initial NI 43-101 compliant Mineral Resource Estimate for LAB and Standard, reporting: * Indicated Mineral Resource: 1,640,000 tonnes at 7.00% graphitic carbon (Cg), containing 115,000 tonnes of Cg. * Inferred Mineral Resource: 1,580,000 tonnes at 7.00% Cg, containing 111,000 tonnes of Cg. The estimate highlights high-grade, near-surface mineralization and significant infill potential. * Black Pearl Graphite Project: This property, also in Québec, was a new discovery in 2024 through prospecting. Initial exploration activities in 2025, including ground geophysics and drilling, confirmed extensive near-surface graphite mineralization over 1.2 kilometers. The drilling included notable intersections like 4.81% Cg over 12.25 meters (including 9.69% Cg over 3.97 meters) and 11.33% Cg over 8.61 meters. The project is advancing towards further delineation and bulk sampling.

Graphano is strategically positioned in a favorable jurisdiction (Quebec) with access to infrastructure, a skilled workforce, and clean hydroelectric power. The company has also entered into a strategic collaboration agreement with Northern Graphite Corp. to share technical knowledge and potentially create new sources of ore for Northern's Lac des Iles plant.