First Canadian Graphite Closes Oversubscribed Private Placement

Montreal, QC — February 7, 2026 — Leads & Copy — First Canadian Graphite Inc. has closed its private placement offering for gross proceeds of $2,768,100.

The offering involved 9,227,000 units at $0.30 per unit and was oversubscribed by $168,100. Each unit includes one common share and one-half warrant. A full warrant allows the holder to purchase one common share at $0.50 for two years.

The company plans to use the proceeds for general working capital and an exploration and drill program on the Berkwood Graphite Project in northern Quebec. The company will update shareholders as progress evolves and may reallocate funds at the discretion of the Board for sound business reasons.

Three insiders of the Company subscribed for an aggregate of 270,000 Units. As such, this participation constitutes a “related party transaction” as defined under Multilateral Instrument 61- 101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The participation is exempt from formal valuation and minority shareholder approval requirements of MI 61-101 because the fair market value of the Units acquired by the insider nor the consideration for the Units paid by such insider exceeds 25% of the Company’s market capitalization. The company did not file a material change report 21 days prior to the closing date of this private placement as details of the respective participation of such insiders in the Offering was unknown at such time. In addition, a new insider position was created through the participation in the private placement wherein the investor subscribed for 750,000 Units.

Finder fees of $38,802.02 cash and 125,440 finder warrants, exerciseable at $0.50 for two years has agreed to be paid/issued.

The Company will apply to the TSX Venture Exchange for approval to close the financing, as over-subscribed, and issue the securities. The securities issued are subject to a hold period ending four months plus one day from the issuance date, and may be subject to U.S. resale restrictions.

The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities in any jurisdiction where such offer, solicitation or sale would be unlawful.

First Canadian Graphite is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Company’s management team’s most recent success is discovering the Berkwood graphite resource in Northern Quebec. The Company owns this asset 100 percent, and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.

Signed: “Thomas Yingling”

Thomas Yingling, President, CEO & Director

Source: First Canadian Graphite Inc.