Focus Graphite Amends Stock Option Plan
FOCUS GRAPHITE AMENDS STOCK OPTION PLAN
OTTAWA, Ontario, Canada—February 24, 202 3—Focus Graphite Inc. (TSXV: FMS) (“ Focus
Graphite” or the “Company”) announces that on February 23, 2023 the Board of Directors
adopted an amended stock option plan (the “Amended Option Plan”) which will replace the
Company’s current option plan.
The Amended Option Plan increases the number of shares reserved for issuance pursuant to the
exercise of stock options from 11,033,278 to 11,504,920, representing 20% of the issued and
outstanding shares of the Corporation as of the date the Amended Option Plan was adopted.
The Amended Option Plan is subject to approval by the shareholders of the Company at the
meeting to be held on April 19, 2023 and final TSX-V approval.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration company with an objective of producing flake
graphite concentrate at its wholly owned Lac Knife and Lac Tetepisca flake graphite projects
located in the Cote-Nord administrative region of Quebec. In a second stage, to meet Quebec
stakeholder interests in developing second transformation industries within the province and to
add shareholder value, Focus is evaluating the feasibility of producing value added specialty
graphite products including battery-grade spherical graphite. Focus Graphite is a technology-
oriented graphite development company with a vision for building long-term, sustainable
shareholder value. Focus also holds a significant equity position in graphene applications
developer Grafoid Inc. For more information about Focus Graphite, please visit
www.focusgraphite.com.
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 release.
Forward Looking Information
This news release may contain certain forward-looking information and statements, including
without limitation, the Company's ability to obtain necessary approvals from the TSX-V. All
statements included herein, other than statements of historical fact, are forward-looking
information and such information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. A description of assumptions
used to develop such forward-looking information and a description of risk factors that may
cause actual results to differ materially from forward-looking information can be found in Focus
Graphite's disclosure documents on the SEDAR website at www.sedar.com. The Company does
not undertake to update any forward-looking information except in accordance with applicable
securities laws.
For more information about Focus Graphite and the Company's Lac Tetepisca and Lac Knife
projects, please visit Focus's website at www.focusgraphite.com or contact:
Kimberly Darlington
Communications, Focus Graphite
Judith Mazvihwa-MacLean
CFO, Focus Graphite
(613) 581-4040