Graphite One responds to OTC market demand for recent promotional activity

Vancouver, British ColumbiaAnd January 14, 2023 /PRNewswire/ — The Graphite Company. (TSXV: GPH) (OTCQX: GPHOF) (“graphite one”) or the “company”) Received an order from OTC Markets Group Inc. (“OTC markets“) to issue a statement about recent promotional activity relating to its public shares” (“ordinary share“).

on me January 12, 2023OTC Markets has notified the Company that it has become aware of certain promotional activities relating to the Company and the Common Stock traded on the OTCQX Market, including the distribution of digital marketing materials and promotional emails posted by Promethean Marketing Inc. (“Prometheanand its affiliates discuss the company, its business, and the graphite industry in general. Marketing materials also contain summaries of recent newsletters issued by the company. OTC Markets has provided samples of promotional materials for your reference.

Promethean is a third-party digital marketing company maintained by the Company to provide communications and digital media services. The information contained in the marketing materials is factual data regarding the company, its business and the graphite industry.

The Company provided Promethean with the publicly available source of information for its marketing materials and retained editorial control over the wording in the materials, including reviewing the materials for factual accuracy prior to publication. The Company does not believe that statements in marketing materials and emails were false or misleading. The appointment of Promethean and the nature of the relationship between Graphite One and Promethean as well as the compensation to be paid to Promethean were publicly disclosed in a press release dated May 10, 2022, which can be found under the company profile on SEDAR and on the company website. As disclosed in May 10, 2022 Press Release To the best of our knowledge, Promethean or any of its principals owns no common stock, directly or indirectly, in the Company. Started digital marketing campaigns October 1, 2022.

In the past 12 months, the Company has engaged Promethean and TD Media LLC dba Life Water Media LLC to provide digital marketing services including content creation, distribution, and market awareness campaigns.

Since the inception of digital marketing campaigns, there has been no unusual or large trading volume in common stocks.

After an inquiry from the management, some directors, officers and person in charge purchased a total of 905,000 Ordinary Shares in the Company by exercising warrants and stock options in the last 90 days of which 20,000 Ordinary Shares were sold.

on me August 30, 2022the company closed the first tranche of a non-broker private placement of 8,762,071 units at a price $1.15 per unit of total revenue $10,076,382 And close the last slide November 21, 2022 560,916 units of total revenue $645,052. the $1.15 For each unit it was a 7% discount on the closing price August 8, 2022 Announcing the non-brokered private placement.

on me September 19, 2022the company announced the re-pricing of shares of the debt deal (“Debt settlement process) with Taiga Mining Company, Inc. to settle a debt owed in total $6,775,230 USD Due under dated unsecured loan facility September 9, 2019in its amended and expanded form. Under the revised terms of the debt settlement transaction, the Company has issued 9,296,328 ordinary shares at a reasonable price of $0.95 per share in the full debt settlement, which was a 17% discount to the closing price at August 23, 2022 Advertise stocks to settle debts.

About Graphite One Inc.

GRAPHITE ONE INC. continues. (TSX-V: GPH; OTCQX: GPHOF) developed the Graphite One Project (“Project”), with the goal of becoming an American producer of high-quality anode materials that integrate with domestic graphite resources. The project is proposed as a vertically integrated mining, processing and manufacturing of high quality anode materials primarily for the lithium-ion electric vehicle battery market. As laid out in the Company’s 2022 Pre-Feasibility Study, potential graphite mineralization extracted from the Company’s Graphite Creek property is expected to be processed to concentrate at a graphite processing plant. The proposed processing plant is located on the Graphite Creek estate located on the Seward Peninsula about 60 kilometers north of Nome, Alaska. The graphite anode materials and other value-added graphite products from the center and other materials will be manufactured at the Company’s proposed advanced graphite materials manufacturing facility expected to be located in Washington. The company intends to make a production decision on the project upon completion of the feasibility study.

On behalf of the Board of Directors

Anthony Huston (signed)

For more information about Graphite One Inc. Please visit the company’s Web site, www.GraphiteOneInc.com

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange Policies) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Graphite One Inc.

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