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Grafoid and Focus Graphite Announce Submission of Provisional Patent Application for Advanced Anode Material Comprising Spheroidal Silicon Enhanced Graphite Particles

Metallurgy & Processing

Website: www.grafoid.com

Grafoid and Focus Graphite Announce Submission of Provisional Patent Application

for Advanced Anode Material Comprising Spheroidal Silicon Enhanced Graphite

Particles

• Submission reinforces Grafoid’s status as an industry-leading R&D Company that produces

economically scalable graphene for use in development applications by leading corporations

and institutions worldwide.

KINGSTON, ONTARIO, March 1, 2021 – Grafoid Inc. (“GRAFOID”) and Focus Graphite Inc. (TSXV: FMS) (the

“Company” or “ Focus Graphite ”), jointly announced today the submission of a Provisional Patent

Application titled: “Advanced Anode Material Comprising Spheroidal Silicon Enhanced Graphite Particles

And Process For Making Same”. The present invention pertains to the field of electrode materials and in

particular to processes for making materials for use as a new generati on of lithium -ion battery anode

material.

Due to the limitations of using silicon alone in battery anodes, adding silicon (Si) to graphite to increase

the theoretical capacity limit in lithium-ion batteries has been gaining intellectual traction. There remains

a need for a highly controllable process for the efficient incorporation of silicon into a graphite matrix to

provide spheroidal Si-enhanced graphite particles that are suitable for use as advanced anode materials.

“The submission of this important provisional patent application is validation of Grafoid’s and Focus

Graphite’s commitment to innovation and represents an important industry milestone,” said Dr. Joseph

Doninger, Director of Technology and Manufacturing at Focus Graphite. “We are very pro ud of this

important milestone and the future product benefits that will be derived from this new lithium-ion battery

anode material , in particular to the manufacturers of electric vehicles for increasing battery life and

power.”

For anode material to be considered battery-worthy, practical active material loadings on the anode

should be on the order of 10 to 12 mg/cm 2 (or higher). In an embodiment of the invention, the anodes

comprised of silicon-enhanced spheroidal graphite have active material loadings falling in the range from

6.2 to 16.2 mg/cm 2. The formation of spheroidal particles is beneficial to provide maximum packing

density in the formation of the lithium ion battery anode materials, which will maximize both the Specific

Energy (Wh/kg) and Energy Density (Wh/L) of a full battery cell level.

Qualified Person

Dr. Joseph Doninger, Focus Graphite's Director of Technology and Manufacturing is the Qualified Person

under National Instrument 43 -101 - Standards of Disclosure for Mineral Projects - has reviewed and

approved the technical content of this news release. Dr. Doninger is an internationally recognized graphite

processing expert and himself, the inventor of a number of patents and an author of over 27 technical

papers and presentations related to graphite processing and the use of graphite in energy storage

systems. Dr. Doninger is a co-editor on the NATO Science Series book titled "New Carbon Based Materials

for Electrochemical Energy Storage Systems". Dr. Doninger is als o an Honorary Professor at the

Department of Chemistry from the Kiev National University of Technologies and Design.

In addition, Focus Graphite announced the grant of 30,000,000 incentive stock options to its directors,

officers, employees, and consultant s. The o ptions are to purchase up to 30,000,000 Common Shares of

the Company at an exercise price of $0.13 per share and expire on February 25, 2026.

Overview of Grafoid Inc.

Founded in 2011, Grafoid Inc. is a graphene research, development and investment company that invests

in, manages and develops markets for processes that produce economically scalable graphene for use in

graphene development applications by leading corpora tions and institutions. Grafoid’s leading

investment produces application friendly, minimal -defect, high -energy density few layer graphene,

utilizing a safe, non- destructive extraction process, leaving the lowest possible ecological footprint. The

completely unique, proprietary process results in what Grafoid regards as a new global standard for

economically scalable, high-purity graphene products —that can be tailored to both industrial and

commercial applications.

For more information about Grafoid, please visit www.grafoid.com.

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 flake graphite deposit located 27 km south of Fermont, Québec.

In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add

shareholder value. Focus is evaluating the feasibility of producing value added 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.

Forward Looking Information

This news release may contain certain forward-looking information and statements, including with out

limitation, the closing of the Offerings, statements pertaining to the use of proceeds, and the Company's

ability to obtain necessary approvals from the TSX Venture Exchange. 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

Website: www.grafoid.com

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.

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.

Investor Contacts:

Scott Anderson

Investor Relations

(858) 229-7063

[email protected]

Grafoid Inc. and Focus Graphite

Judith Mazvihwa-MacLean

CFO

(613) 581-4040

[email protected]