Graphano Expands Graphite Zones at the Black Pearl Graphite Project
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Graphano Expands Graphite Zones at the Black Pearl Graphite Project
Vancouver, BC, October 14, 2025 - Graphano Energy Ltd. (“Graphano” or the “Company”) (TSX-V:
GEL; OTC: GELEF; FSE: 97G0) is pleased to report final assay results from the September 2025 drilling
program at its 100% owned Black Pearl graphite project (“Black Pearl”). The primary focus of this first
ever drill program at Black Pearl was on broadly evaluating the deposit’s larger scale potential, enhancing
the structural understanding of the area, and on graphite zone expansion.
Luisa Moreno, Chief Executive Officer of the Company, stated: “Graphano’s initial drilling program at
the Black Pearl project has successfully confirmed extensive near -surface graphite mineralization across
multiple conductive trends. These results underscore the district -scale potential of the Black Pearl –
Standard Mine area and represent a significant milestone in expanding our resource base to support
increasing graphite production in Quebec. As we continue advancing our projects, we are helping position
Canada as a leading and reliable source of critical materials for the global clean energy and technology
supply chains of tomorrow.”
Black Pearl is a large property consisting of 84 claims covering 4,149 hectares and is unexplored outside
the current area of drilling. The Black Pearl claims are located immediately east of Graphano’s advanced-
stage Standard Mine project (Figure 1), which has an initial indicated resource of 950,000 tonnes at 6.27%
Cg, and inferred resources of 980,000 tonnes at 7.16% Cg (see the report titled “National Instrument 43-
101 Technical Report, Lac Saguay Graphite Project, Quebec, Canada ” with an effective date of July 15,
2025, and a report date of August 29, 2025, as prepared by Mercator Geological Services Limited and filed
under the Company’s profile on SEDAR+ www.sedarplus.ca).
Significant near surface mineralization cont inues to be outlined along the mul tiple conductive trends
evaluated by the drill program. Hole BP25-06, completed to test a conductive target on the central portion
of the grid, returned a broad zone of mineralization assaying 4.81 % Cg over 12.25 metres including 6.63%
Cg over 7.07 metres, at an approximate vertical depth of only 25 metres. This mineralization remains open
in all directions.
Full assay results from the nine-hole drill program are summarized in Table 1 and drill hole locations in
Figure 2. These encouraging near surface results highlight the considerable untested potential at Black Pearl
but also reinforces the greater district scale potential of the largely unexplored Black Pearl – Standard Mine
project area. Further exploration is warranted to follow-up this sector of mineralization on the property.
Key Highlights (See Full Results in Table 1)
➢ Drilling and bedrock stripping has shown that all conductive trends evaluated are related to graphite
mineralization. This reinforces the effectiveness of using airborne geophysical surveys to evaluate
the district scale potential of this largely unexplored property.
Current Holes
➢ Drill Hole BP25-06 intersected 4.81% graphitic carbon (Cg) over 12.25 metres (m) starting at 32.85
m drilled depth and includes 6.63% Cg over 7.07 m.
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➢ Drill Hole ST25-08 intersected two significant zones of 9.92% Cg over 3.20 m at 10.30 m, and
4.93% Cg over 6.70 m at 17.5 m that included 15.95% Cg over 1.60 m.
Previous Holes
➢ Drill Hole BP25-01 intersected 11.33% graphitic carbon (Cg) over 8.61 metres (m) starting at 18.64
m drilled depth;
➢ Drill Hole ST25-02 intersected two zones of 4.53% Cg over 5.50 m at 20.50 m, and 7.95% Cg over
3.75 m at 31.90 m; and
➢ Drill Hole ST25-03 intersected three zones of 7.37% Cg over 4.70 m at 12.00 m, 7.01% Cg over
3.14m at 38.86 m and 4.77% Cg over 6.50m at 44.50 m.
(Note: All intersections reported are based on drilled width and have not been converted to the true width.
True widths are not currently known.)
The four drill holes reported in this update (holes BP25-06 to 09) were drilled in separate areas of the grid.
Holes BP25-06 and 09 targeted conductive trends in the north half. Holes BP25-07 and 08 were drilled near
L0N to gain further structural information related to deformation and folding observed in the main Black
Pearl stripped bedrock area.
The ground geophysics indicate that the Hole BP25-06 mineralization may be the extension of the high-
grade zones encountered in Holes BP25-01 and 02, located 200 m to the south (11.33% Cg over 8.61 m).
Overall, the drill program shows:
1. that all conductive trends tested are caused by graphite mineralization;
2. the “eastern trend” tested by BP25-03, which encountered three significant zones, is approximately
800 m long and remains open at depth and to the north, beyond the northern 2025 stripped bedrock
area which exposed high grade mineralization of up to 17.7% Cg including intervals of 6.15% Cg
over 4.0 m; and
3. holes BP25-01, 02 and 08 show multiple mineralized zones ranging to 8.61 m in drilled thickness,
traced to a vertical depth of approximately 35 m and remaining open of expansion.
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Table 1 – Drill Hole Results
Select samples from the nine holes drilled from Black Pearl were submitted for assay analysis. A total of
620 m were drilled during the program. All drill core samples were sampled, stored and shipped using
industry best practices and were delivered to Activation Laboratories (“ ACTLABS“), Ancaster, Ontario,
for sample preparation and anal yses using laboratories’ Code 4F -C Graphitic, analyzing C -Graphite
(infrared), where the sample is subjected to a multistage furnace treatment to remove all forms of carbon
with the exception of graphitic carbon; and C -Total (infrared). ACTLABS is an independent commercial,
Hole No. Azimuth
(True) Dip Grid
Northing
Grid
Easting From (m) To (m) Thickness
(m) A1 % Cg
BP25-01 275 -45 L0+05N 0+20E 10.83 11.32 0.49 15.10
18.64 27.25 8.61 11.33
45.95 46.80 0.85 6.73
BP25-02 275 -85 L0+05N 0+27E 12.73 13.21 0.48 6.46
20.50 26.00 5.50 4.53
including 23.00 26.00 3.00 6.65
31.90 35.65 3.75 7.95
BP25-03 275 -45 L0+05N 1+56E 12.00 16.70 4.70 7.37
25.14 25.64 0.50 9.94
38.86 42.00 3.14 7.01
44.50 51.00 6.50 4.77
BP25-04 275 -45 L1+00N 1+45E 8.25 10.30 2.05 4.95
30.16 30.90 0.74 3.55
47.75 48.15 0.40 4.92
BP25-05 275 -45 L0+95N 0+00E 35.90 36.70 0.80 2.43
BP25-06 275 -45 L1+95N 1+67E 32.85 45.10 12.25 4.81
including 34.03 41.10 7.07 6.63
including 34.03 38.00 3.97 9.69
and 43.15 43.85 0.70 10.20
BP25-07 225 -65 L0+50N 0+50E 65.20 65.60 0.40 6.40
BP25-08 335 -40 L0+22S 0+00E 0.25 1.10 0.85 16.50
10.30 13.50 3.20 9.92
17.50 24.20 6.70 4.93
including 21.60 23.20 1.60 15.95
BP25-09 275 -45 L4+00N 3+25E 29.40 30.80 1.40 1.84
Notes:
Black Pearl Graphite Project
2025 Exploration Drill Results
A 1 Intervals are core length. True width will be defined with additional drilling
In hole BP25-03, the interval from 12.0 to 16.7 metres grading 7.37% Cg over 4.7 metres includes a sample interval (from
12.0 to 13.0 metres) grading 8.09% Cg which had 30% core recovery.
UTM Nad 83, Zone 18
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accredited ISO Certified Laboratory. The core sample program also included field duplicates, blanks and a
graphite standard sample for quality control and quality assurance (QA/QC) purposes.
Figure 1 – Map of Graphano Claims and Black Pearl Project
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Figure 2 – Map with the location of the drill holes at Standard
Qualified Person
The scientific and technical content disclosed in this press release has been reviewed and approved by
Roger Dahn, B.Sc., P.Geo., a director of the Company and a “Qualified Person” as defined in National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Graphano Energy
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring,
and developing energy metals resources from exploration to production.
Graphite is one of the most in -demand technology minerals that is required for a green and sustainable
world. The Company’s Lac Aux Bouleaux property, situated adjacent to Canada’s only producing graphite
mine, in Quebec, Canada, has historically been an a ctive area for natural graphite. With the demand for
graphite growing in some of the most prominent and cutting -edge industries, such as lithium batteries in
electric cars and other energy storage technologies, the Company is developing its project to meet the
demands of the future.
ON BEHALF OF THE BOARD OF DIRECTORS
Luisa Moreno
Chief Executive Officer and Director
T: +1-647-462-6039
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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.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain “forward -looking information” and “forward -looking statements”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, are forward-looking
statements. Forward -looking statements are frequently, but not always, identified by words such as
“expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar
expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur
or be achieved. Forward-looking statements in this news release relate to, among other things, the potential
and merits of the Black Pearl -Standard Mine area, and future exploration and advancem ent of the
Company’s projects. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Forward-looking
statements reflect the beliefs, opinions and projections on the date the statements are made and are based
upon a number of assumptions and estimates that, while considered reasonable by Graphano, are
inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward -looking statements and the p arties have made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation, risks
associated with possible accidents and other risks associated with mineral exploration operations, the risk
that the Company will encounter unanticipated geological factors, risks associated with the interpretation
of exploration results, the possibility that the Company may not be able to secure permitting and other
governmental clearances necessary to carry out the Compa ny's exploration plans, the risk that the
Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere with the Company's business and
prospects. These risks, as well as others, are disclosed within the Company's filing on SEDAR+ at
www.sedarplus.ca, the Canadian Securities Administrators' national system that all market participants
use for filings and disclosure, which investors are encouraged to review prior to any transaction involving
the securities of the Company. Readers should not place undue reliance on the forward-looking statements
and information contained in this news release concerning these items. Graphano does not assume any
obligation to update the forward -looking statements of beliefs, opinions, projecti ons, or other factors,
should they change, except as required by applicable securities laws.