Graphite One Responds to OTC Markets Request on Recent Promotional Activity

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VANCOUVER, BC, Jan. 14, 2023 /PRNewswire/ – Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“Graphite One” or the “Firm”) has acquired a request from OTC Markets Group Inc. (“OTC Markets“) to situation a press release about current promotional exercise regarding its frequent shares (the “Frequent Shares“).

Graphite One Inc. Emblem (CNW Group/Graphite One Inc.)

On January 12, 2023, OTC Markets knowledgeable the Firm that it grew to become conscious of sure promotional actions in regards to the Firm and the Frequent Shares traded on the OTCQX Market, together with the distribution of digital advertising supplies and promotional e-newsletter emails revealed by Promethean Advertising Inc. (“Promethean“) and its associates discussing the Firm, its enterprise, and the graphite trade on the whole. The advertising supplies additionally comprise summaries of current information releases issued by the Firm. OTC Markets supplied samples of the promotional materials for reference.

Promethean is a third-party digital advertising agency retained by the Firm to offer communications and digital media providers. The data contained within the advertising supplies are factual statements concerning the Firm, its enterprise, and the graphite trade.

The Firm supplied Promethean with publicly obtainable supply of knowledge for its advertising supplies and retained editorial management over the wording within the supplies, together with reviewing the supplies for factual accuracy previous to their dissemination. The Firm doesn’t consider the statements within the advertising supplies and e-newsletter emails had been false or deceptive. The appointment of Promethean, the character of the connection between Graphite One and Promethean in addition to the compensation to be paid to Promethean had been publicly disclosed in a information launch on Could 10, 2022, which might be discovered below the Firm’s profile on SEDAR and on the Firm’s web site. As disclosed within the Could 10, 2022 information launch, to the very best of our information, Promethean nor any of its principals personal any frequent shares, instantly or not directly, within the Firm. The graduation of the digital advertising campaigns started on October 1, 2022.

Within the final 12 months, the Firm has engaged Promethean and TD Media LLC dba Life Water Media LLC to offer digital advertising providers together with content material creation, distribution, and market consciousness campaigns.

For the reason that begin of the digital advertising campaigns there was no uncommon or important buying and selling quantity within the Frequent Shares.

After an inquiry by administration, sure administrators, officers, and a management particular person bought a complete of 905,000 Frequent Shares within the Firm from the train of warrants and inventory choices throughout the previous 90 days of which 20,000 Frequent Shares had been offered.

On August 30, 2022, the Firm closed the primary tranche of a non-brokered personal placement of 8,762,071 items at a worth of $1.15 per unit for gross proceeds of $10,076,382 and closed the ultimate tranche on November 21, 2022 of 560,916 items for gross proceeds of $645,052. The $1.15 per unit was a 7% low cost to the closing worth on the August 8, 2022 announcement of the non-brokered personal placement.

On September 19, 2022, the Firm introduced the repricing to a shares for debt transaction (“Debt Settlement Transaction“) with Taiga Mining Firm, Inc. to settle an impressive debt in an mixture of US$6,775,230 owing pursuant to an unsecured mortgage facility dated September 9, 2019, as amended and prolonged. Pursuant to the revised phrases of the Debt Settlement Transaction, the Firm issued 9,296,328 frequent shares at a deemed worth of $0.95 per share in full settlement of the debt, which was a 17% low cost to the closing worth on the August 23, 2022 announcement of the shares for debt settlement.

About Graphite One Inc.

GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) continues to develop its Graphite One Challenge (the “Challenge”), with the objective of changing into an American producer of high-grade anode supplies that’s built-in with a home graphite useful resource. The Challenge is proposed as a vertically built-in enterprise to mine, course of and manufacture excessive grade anode supplies primarily for the lithium–ion electrical automobile battery market. As set forth within the Firm’s 2022 Pre-Feasibility Examine, potential graphite mineralization mined from the Firm’s Graphite Creek Property is predicted to be processed into focus at a graphite processing plant. The proposed processing plant can be positioned on the Graphite Creek Property located on the Seward Peninsula about 60 kilometers north of Nome, Alaska. Graphite anode supplies and different worth–added graphite merchandise can be manufactured from the focus and different supplies on the Firm’s proposed superior graphite supplies manufacturing facility anticipated to be positioned in Washington. The Firm intends to make a manufacturing resolution on the Challenge upon the completion of a Feasibility Examine.

On Behalf of the Board of Administrators

“Anthony Huston” (signed)

For extra data on Graphite One Inc., please go to the Firm’s web site, www.GraphiteOneInc.com

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.