Graphano Energy Ltd. announced the start of the fall exploration program on its 100% owned Lac Aux Bouleaux graphite property in Quebec. The program will focus on Zones 3 and 8, which are immediately north of the prospective Zone 4, to investigate the potential of these untested targets as well as the extension of the mineralization observed in Zone 4 during the winter/spring drilling program earlier in the year. The majority of drill holes completed on the Zone 4 target were shallow and intersected a near surface, flat lying mineralized horizon ranging from 2.0 metres ("m") to 7.0 m in thickness (core length) over a 75 m width and 200 m length.

These measurements were established by drilling and remain open to the east and north as indicated by the airborne electromagnetic (EM) survey. As previously disclosed, results included 4.50 % graphitic carbon (Cg) over 7.0 m at 4.0 m drilled depth including 6.61% Cg over 4.0 m (Drill Hole LB22-09) and 7.32% Cg over 3.25 m at 37 m drilled depth (Drill Hole LB22-15). There are eight prospective graphite zones which have been defined on the LAB Property to date through the Company's surface trenching and sampling programs, both completed in 2021 at the same time as historical drilling and other exploration data was compiled.

The most relevant historical data is from Orrwell Energy Corp.'s 1980's program consisting of 79 diamond drill holes totalling 19,550 feet (5,958 m) and resource estimation work. This historical drilling was performed on the southern portion of the current property outside of the eight target zones recently defined. The resource estimation resulted in a historical resource of 1,452,932 tons at 8% Cg.