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The Basics of Graphite – And Why You Should Invest In Northern Graphite

Northern Graphite appoints Jacquemin as CEO 

NORTHERN GRAPHITE APPOINTS NEW CHIEF EXECUTIVE OFFICER

Hugues Jacquemin, BSc (honours), Dip., Esp., has been appointed chief executive officer (CEO) of Northern Graphite Corp. Mr. Jacquemin will also be nominated for election to the company's board of directors at the next annual meeting. Greg Bowes, the former CEO, has been appointed executive chairman and will continue to provide support and assistance to Mr. Jacquemin and the management team during a transition period. Mr. Jacquemin's appointment is subject to acceptance by the TSX Venture Exchange.

The board of directors wishes to thank Mr. Bowes for his integrity, leadership and dedication to the company over the past years which culminated in the financing and acquisition of Imerys's natural graphite division. The board is extremely pleased to welcome Mr. Jacquemin to the management team where he is tasked with leading the company through the next phase of its development, specifically, rapidly growing the company's graphite production and building its capacity to manufacture battery anode material and other value added products.

Mr. Jacquemin served as CEO of the graphite and carbon division of Imerys SA and spearheaded its investment program for lithium-ion battery materials for electric vehicle markets. Imerys is a four-billion-euro company listed on the Paris exchange and operates approximately 100 industrial mineral mines in over 30 countries. He has over 30 years of senior management experience growing specialty materials businesses for listed Fortune 500 companies and private equity firms in a broad spectrum of industries, including graphite mining and processing, lithium ion battery (LiB) materials, fuel cells and hydrogen production, graphene and carbon nanotubes, synthetic graphite, and carbon materials. Mr. Jacquemin recently acted as an independent adviser to Northern on its acquisition of the Imerys assets. Mr. Jacquemin is a Belgian citizen and is fluent in English, French, Italian and Spanish.

Mr. Jacquemin commented: "It has been a pleasure to work with Greg Bowes and the Northern Graphite board over the last year as we completed the transformational acquisition of the Imerys natural graphite mines and processing facilities and developed our strategy to become the world's leading graphite producer and processor. I am excited to lead the company into the next stage of its development and look forward to creating a bright future for our employees, shareholders and all stakeholders. I would like to thank Greg and the Northern board for the opportunity and look forward to executing our strategy together."

About Northern Graphite Corp.

Northern is a Canadian, TSX-V-listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for LiBs/EVs, fuel cells and graphene, as well as advanced industrial technologies.

Northern is the only significant graphite producing company in North America and will become the third largest outside of China when its Namibian operations come back on-line in the first half of 2023. The company also has two large-scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have battery-quality graphite and are located close to infrastructure in politically stable countries.

IWA is a shareholder of Northern Graphite Corporation
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

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.

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