Graphano completes geophysical survey at Black Pearl

Executive Summary

• Graphano Energy Ltd. has completed a 473-kilometre airborne geophysics survey over its Black Pearl property in Quebec.
• Preliminary interpretations identified a dominant Time-Domain Electromagnetic (TDEM) conductor extending over 1.2 kilometres, consistent with previous ground survey trends.
• The survey identified numerous new priority conductive targets, expanding the target footprint and supporting the planning for future drilling programs.

Key Details

• Survey Scope: Completed airborne geophysics program totalling 473 kilometres over the Black Pearl property.
• Primary Discovery: Preliminary interpretation confirms a dominant TDEM conductor extending over 1.2 kilometres.
• Historical Context: This conductor is consistent with conductive trends previously outlined by ground geophysical surveys in the Black Pearl discovery area.
• Previous Drilling Results: Initial exploration drilling in late 2025 identified multiple near-surface graphite zones with significant assay results:
  • 11.33% graphitic carbon (Cg) over 8.61 metres.
  • 4.81% Cg over 12.25 metres.
  • 7.37% Cg over 4.70 metres.
• New Targets: The airborne survey identified numerous new priority conductive targets, expanding the overall target footprint on the property.
• Next Steps: Technical interpretation of conductor locations is underway to allow for detailed geological interpretation and EM target ranking.
• Timeline: A comprehensive geophysical report is expected to be finalized and delivered within approximately five weeks.
• Strategic Impact: The results strengthen the exploration case and will directly support the planning of follow-up exploration activities, including additional groundwork and drilling programs.

Notable Quotes

• "The confirmation of a continuous 1.2-kilometre conductive trend, together with the identification of new conductors, significantly strengthens the exploration case at Black Pearl. These results provide important technical validation of earlier groundwork and materially enhance our ability to prioritize targets as we advance the project toward the next phase of exploration." — Luisa Moreno, Chief Executive Officer