First Canadian financing receives conditional TSX-V OK

Mr. John LaGourgue reports FIRST CANADIAN GRAPHITE INC. CLOSES FINANCING - $1,025,000 First Canadian Graphite Inc. has received conditional approval from the TSX Venture Exchange for a financing to raise $1-million through the issuance of two million flow-through common shares at 50 cents. The company has been successful in receiving subscriptions for $1,025,000 (oversubscribed $25,000). The company will now apply to the TSX Venture Exchange for approval to close the oversubscribed financing and issue 2.05 million flow-through common shares. The gross proceeds from the financing will be for an exploration and drill program on the company's Berkwood graphite project, located in Northern Quebec, and will be used to incur resource exploration expenses, which will constitute Canadian exploration expenses, as defined in Subsection 66.1(6) of the Income Tax Act, flow-through critical mineral mining expenditures, as defined in Subsection 127(9) of the Income Tax Act, which will be incurred on or before Dec. 31, 2027, and will be renounced with an effective date no later than Dec. 31, 2026, to the subscriber of the flow-through common shares. The company will update shareholders as progress evolves. The company has agreed to pay a finder's fee of $70,000 cash and to issue 140,000 finder's warrants, exercisable at 50 cents for two years. The closing of the financing is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issuance in accordance with applicable securities laws. The company confirms there are no material facts or material changes related to the company that have yet to be generally disclosed. About First Canadian Graphite Inc. First Canadian is an exploration company advancing its flagship Berkwood graphite project, located in Northern Quebec, Canada. The company has a National Instrument 43-101 resource estimate report revealing 3.2 million tonnes of indicated and inferred graphite, averaging grades of 17 per cent. We seek Safe Harbor.