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First Canadian Graphite Retains Ethos Stratégie to Support Strategic Positioning IN Québec

Corporate Updates

FIRST CANADIAN GRAPHITE RETAINS ETHOS STRATÉGIE TO

SUPPORT STRATEGIC POSITIONING IN QUÉBEC

Montréal, QC – March 17, 2026 – First Canadian Graphite Inc. (TSX.V: FCI | OTC: GBMIF)

(“First Canadian” or the “Company”), a dynamic junior mining company focused on advancing

high-grade graphite projects in Quebec to meet the growing demand for onshore sourced critical

minerals, is pleased to announce that it has retained ethos stratégie, a Québec-based strategic

advisory firm specializing in ESG integration, stakeholder engagement and sustainable mining

development.

Through this mandate, ethos stratégie will support the responsible development of First Canadian

Graphite by strengthening its understanding and integration of Québec’s mining ecosystem, while

advancing the integration of environmental, social and governance (ESG) considerations across

its activities and corporate strategy.

Québec is recognized globally as a leading jurisdiction for responsible mining development and

plays a growing role in the supply chain for critical minerals, including graphite, which is essential

for energy transition technologies.

“Building strong relationships and understanding the unique context of Québec’s mining sector

are essential elements for responsible project development,” said John LaGourgue, CEO of First

Canadian Graphite. “ethos stratégie brings valuable expertise in ESG strategy, stakeholder

engagement and regional ecosystem integration. I am looking forward to working with ethos to

maximize the integration of best-in-class ESG practices across our operations and strategy,

ensuring long-term value creation for all stakeholders.”

ABOUT ETHOS STRATEGIE

ethos stratégie is a Québec-based strategic advisory firm headquartered in Rouyn-Noranda,

specializing in ESG strategy, stakeholder engagement and sustainable development for the mining

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sector. The firm supports mining companies throughout the project life cycle, helping them

navigate environmental, social and governance (ESG) challenges while building strong

partnerships with communities, governments and industry stakeholders to advance responsible and

sustainable projects.

ABOUT FIRST CANADIAN GRAPHITE INC.

First Canadian Graphite Inc. is a strategic critical minerals exploration company focused on

expanding and developing our high-grade graphite resource (you can’t say deposit) , a mineral

essential for energy transition and advanced technology development.

Our flagship Berkwood graphite project is ideally positioned in a world class district near the

western shore of Lac Tétépisca, Québec, Canada. Graphite mineralization has been exposed and

sampled at surface across multiple locations where exploratory diamond drilling has defined a NI

43-101 compliant resource at Zone 1 of 1.76 million tonnes indicated at 17% Cg plus an additional

1.53 million tonnes inferred at 16.4% Cg. In addition to the resource at Zone 1, the property has

multiple other anomalies with outcropping graphite sampled on them that host excellent

exploration upside potential.

Additionally, in early 2026, the Company greatly expanded its land position now controlling 167

km², one of the largest claim holdings in the Tétépisca Graphite District. With substantial

exploration upside remaining and over $10 million invested to date, First Canadian Graphite is

advancing resource expansion efforts and progressing toward a Preliminary Economic Assessment

(PEA). The Company is well funded to advance this project further in 2026,

The Company has filed a NI 43-101 Technical Report, which includes a comprehensive Mineral

Resource Estimate for the Lac Gueret South Graphite Property (“Berkwood”). This report was

prepared by Tekhne Research Inc. The independent and qualified persons for the mineral resource

estimate, as defined by NI 43-101, are Edward Lyons, PGeo. (Tekhne Resources Inc.), Florent

Baril, ing (Bumigeme Inc.) and Claude Duplessis, ing (Goldminds Geoservices Inc.) Refer to the

Company’s website at www.firstcanadiangraphite.com for the complete NI 43-101 technical report

with respect to references made herein, and email updates and news.

Pessamit Innu First Nation

First Canadian Graphite respectfully acknowledges that the Berkwood Project is located within

the traditional territory of the Pessamit Innu First Nation. The Company is committed to fostering

respectful, transparent, and collaborative relationships with local Indigenous communities

throughout the development process.

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Forward-Looking Statements

This press release contains forward-looking statements. These statements are based on

assumptions and beliefs of management and involve risks and uncertainties, which may cause

actual results to differ materially from those anticipated.

On Behalf of the Board of Directors

First Canadian Graphite lnc.

SIGNED: ‘John LaGourgue’

CEO & Director

2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8

Phone: (438) 469-0705

#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6

Phone: (604) 343-7740

FOR MORE INFORMATION, PLEASE CONTACT:

[email protected] or 1-604-343-7740

Website: www.firstcanadiangraphite.com

Disclaimer for Forward-Looking Information: Certain statements in this document which are not purely historical

are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding

the future. Forward looking statements in this news release include that the Company will carry out the drill program

described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is

important to note that the Company's actual business outcomes and exploration results could differ materially from

those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely

or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral

resource; methods we thought would be effective may not prove to be in practice or on our claims; economic,

competitive, governmental, environmental and technological factors may affect the Company's operations, markets,

products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have

access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and

technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in

the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed

fiscal period, which is available under Company's SEDAR profile at www.sedar.com. No assurance can be given that

any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the

Company will obtain from them. These forward-looking statements reflect management's current views and are based

on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we

will not update these forward-looking statement risk factors.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.