Graphite One : U.S. GOVERNMENT DESIGNATES GRAPHITE ONE PROJECT AS 'HIGH-PRIORITY INFRASTRUCTURE PROJECT

Graphite One Inc. (GPH: TSX-V; GPHOF: OTCQB) ('Graphite One' or the 'Company') announced today that on January 15, 2021 it received notice that the Company's Graphite Creek Project has been designated a High-Priority Infrastructure Project (HPIP) by the U.S. Government's Federal Permitting Improvement Steering Committee (FPISC).

The approval is the culmination of a process that began with the nomination on October 4, 2019 by Alaska Governor Mike Dunleavy of Graphite One's project for High-Priority Infrastructure Project designation.1

'Designating the Graphite Creek Project as a High-Priority Infrastructure Project will send a strong signal that the U.S. intends to end the days of our 100% import-dependency for this increasingly critical mineral,' said Alaska Governor Mike Dunleavy in his nomination letter. According to the FPISC's notice letter, the FPISC has '...determined, in consultation with [Office of Management and Budget] OMB and [Council on Environmental Quality] CEQ, that this project clearly qualifies under the 'manufacturing' and 'renewable energy' sectors, among several other sectors.' With this FPISC determination, Graphite One can elect to list on the Federal Permitting Dashboard should the Company choose to do so. The Federal Permitting Dashboard ensures that federal permitting agencies coordinate their project review authorities, resulting in a more efficient process, with more transparency for state agencies and the public. This designation does not remove any of the stringent environmental standards or permitting requirements necessary for the Graphite Creek project and enhances Graphite One's ongoing commitment to local stakeholders for a transparent and thorough permitting process. 'Graphite One thanks Governor Dunleavy for nominating our project for the federal highpriority designation,' said Anthony Huston, CEO of Graphite One. 'We see the fact that our project qualifies under the FPISC's Renewable Energy and Manufacturing sectors as recognition of graphite as essential to a sustainable U.S. infrastructure supply chain.'

About Graphite One Inc.

GRAPHITE ONE INC. (GPH: TSX-V; GPHOF: OTCQB) continues to develop its Graphite One Project (the 'Project'), whereby the Company could potentially become an American producer of high grade Coated Spherical Graphite ('CSG') that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market. As set forth in the Company's Preliminary Economic Assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products, would likely be manufactured from the concentrate at the Company's proposed graphite product manufacturing facility, the location of which isthe subject of furtherstudy and analysis. The Company intendsto make a production decision on the Project once a feasibility study is completed.

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