First Canadian begins airborne surveys at Berkwood

Executive Summary

• First Canadian Graphite Inc. has commenced airborne electromagnetic (EM) and magnetic surveys over its flagship Berkwood graphite project in Quebec to identify graphite occurrences and trace geological structures ahead of planned drilling in spring/summer 2026.
• The company expanded its land holdings by staking 125 new claims (6,769.41 hectares), increasing total landholdings by 72% to 315 claims covering 16,542 hectares, making it the largest landholder in the area.
• The company plans to use the survey data to target a drill program, noting that only 10% of conductive anomalies on the claims have been drilled to date.

Key Details

• Survey Execution: Prospectair is executing the airborne EM and magnetic surveys using the ProspecTEM TDEM system, which is designed to highlight surface conductors and penetrate depth.
• Survey Scope: The survey covers five high-priority targets to assess the probability and geographical scope of hosted graphite occurrences.
• Land Expansion:
  • Added 125 claims covering 6,769.41 hectares.
  • Total holdings now stand at 315 claims covering 16,542 hectares (165.42 square kilometres).
  • This represents a 72% increase in landholdings.
• Exploration Strategy:
  • The magnetic component of the survey will help trace geological structures and rock types to support groundwork and anticipated drilling.
  • The company is reviewing new claims and may add additional EM flyover plans.
  • Future exploration and groundwork are scheduled for spring/summer 2026.
• Historical Context:
  • Most claim blocks have been historically surface sampled showing graphite at surface.
  • Only two claim blocks have been drilled by First Canadian Graphite, representing approximately 10% of the conductive anomalies on all claims.
  • The current NI 43-101 report is based strictly on Zone 1.
• Project Location: Located on Quebec's North Shore, southwest of the Manicouagan reservoir, three hours driving time from Baie-Comeau.
• Resource Estimate (Zone 1):
  • Indicated Resources: 1,755,300 tonnes at 17.00% Cgr.
  • Inferred Resources: 1,526,400 tonnes at 16.39% Cgr.
• Comparative Context: Zone 1 lies 8 km southwest of Nouveau Monde's deposit, which has a $3.5-billion net present value. Zone 1 shares similar geological characteristics but is noted for exceptionally high grade and coarse flake size.

Notable Quotes

• "EM is the preferred geophysical method to locate highly conductive graphite orebodies and the ProspecTEM TDEM (time-domain electromagnetic) system developed by Prospectair is particularly well suited for this type of operation due to its specific ability to preferentially highlight the better surface conductors at or near surface and penetrate depth."
• "The company plans on evaluating the results from the high-resolution airborne EM and magnetic geophysical surveys to target a planned spring/summer drill program."