Graphano Stakes New Claims at Lac Aux Bouleaux – Building on Strong Exploration Results
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Graphano Stakes New Claims at Lac Aux Bouleaux –
Building on Strong Exploration Results
Vancouver, BC, June 26, 2024 - Graphano Energy Ltd. (“Graphano” or the “Company”) (TSX-V:
GEL; OTCQB: GELEF; FSE:97G0) is pleased to report that it has staked an additional 20 mining claims
on the western side of its existing 100% owned Lac-Aux-Bouleaux (“LAB”) project.
Luisa Moreno, Chief Executive Officer of the Company, stated: “We are pleased to have extended our
LAB claims, significantly enhancing our exploration potential in the area. The LAB region, home to an
historical graphite mine and adjacent to the operating Lac-des-Iles mine, is the only graphite -producing
area in North America. Our exploration results at the LAB project have been very promising, reinforcing
our commitment to expanding our footprint in this region.”
The new claims more than double the holdings comprising the LAB project. Originally, the LAB claims
consisted of 16 units (840.71 Ha). With the addition of 20 new claims (1 ,187.13 Ha), the total area now
encompasses 36 claims over 2 ,028 Ha (see Figure 1) . The stratigraphy and geology are similar to the
original LAB project claims and the Lac des Iles mine, but the new claims’ area remains largely
unexplored.
Figure 1 – Map of LAB Claims
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Qualified Person
The technical content disclosed in this press release was reviewed and approved by Mr. Martin Ethier,
Géo (#1520) who is a Member of the Order of Geologists of Québec and a “Qualified Person” under NI
43-101, and 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 (“NI 43-101”).
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 active 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
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, futher
advancing the Company’s projects, including exploration potential of the new claims and expansion in
the LAB region. 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 parties 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 Company's exploration plans,
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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,
projections, or other factors, should they change, except as required by applicable securities laws.