Northern Graphite Corporation announced a grant from Quebec's Ministere des Ressources Naturelles et des Forets (MRNF) for the Company's drilling program at Lac des Iles. The grant for up to CAD 400,000 will pay 50% of eligible expenses for geo-metallurgical and geo-environmental drilling to be carried out this year on the Company's Lac des Iles mining lease. This financial support was granted as part of the fourth call for projects of the MRNF's Mineral Exploration Support Program for Critical and Strategic Minerals.

The Program is designed to help companies in the field of mineral exploration to carry out development projects aimed at the discovery of quality critical and strategic mineral deposits in Quebec. Northern is in the process of completing a new reserve estimate for Lac des Iles that the Company believes will show potential to extend the life of the mine by approximately eight years. It will be based on a mineral resource estimate published in January that was based on a Phase I drilling program within the existing LDI lease in October 2023.

The program consisted of 88 holes and 7,890 m of drilling and identified significant graphite mineralization which is still open at depth.