Graphano Stakes New Claims at the Standard Mine
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Graphano Stakes New Claims at the Standard Mine
Vancouver, BC, March 13, 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 79 mining claims
on the eastern side of its existing 100% owned Standard Mine Project (“Standard”). These additional new
claims represent a significant increase in the total land claims of the Company and expands the claims at
Standard by 3,923 hectares to a total of 4,265 hectares.
Luisa Moreno, Chief Executive Officer of the Company, stated: “The new claims are situated to the north
of the Lac-Aux-Bouleaux project and immediately to the east of Standard, where we have already confirmed
high-grade graphite mineralization from drilling. We have long recognized this region as North America’s
sustainable source of graphite for the EV industry , and we look forward to initiating exploration work in
the new claims to further expand our resource potential.”
In 1997, government reconnaissance work reported four outcrops with visible graphite, which will serve as
good starting locations for the Company’s exploration program. As previously reported the region has good
power and road infrastructure , with many forestry roads for easy access. The claims are located between
the Mousseau Project and Standard (Figure 1). The Mousseau Project has a Measured & Indicated Resource
of 2.8 million tonnes grading 7.9% graphitic carbon equating to 0.2Mt of contained graphite at the west
side of the deposit, with the remainder of the Mousseau claims still unexplored.
Figure 1 – Map of Graphano 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” as defined in
National Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43 -101”), and Roger
Dahn, B.Sc., P.Geo., a director of the Company and a “Qualified Person” as defined in 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 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
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”, “poss ible”, 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, initiating
exploration work in the new claims and being able to further expand the Company’s resource potential.
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, competi tive, 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 wi th 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 g overnmental clearances
necessary to carry out the Company'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
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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.