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2022 Drilling Program Results Increase Graphite One Measured and Indicated Resource by 15.5%

March 13, 2023 – Vancouver, British Columbia –Graphite One Inc. (TSX‐V: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”), planning a complete domestic U.S. supply chain for advanced graphite materials, is pleased to announce the results of the 2022 drilling program and updated resource estimate, which shows an increase of 15.5% in Measured and Indicated tonnage with a corresponding increase of 13.1% in contained tonnes of graphite.