Graphano Energy Drills First Hole at LAB Graphite Project

Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (the "Company" or "Graphano Energy") is pleased to announce that Phase 1 drilling activity has commenced at its 100% owned Lac Aux Boulea

ux Graphite Property ("LAB", the "LAB Property" or the "Property") in Quebec (see Figure 1). Drilling contractor Forage Hébert Inc. of Amos, Quebec, has been awarded the contract for the drill program.

The Company plans to complete approximately 20 holes totaling 2,800 meters NQ size core drilling on the Property. The program will focus on Zones 1 and 4 where 2021 surface trenching and sampling programs identified significant grades and widths of graphite mineralization (see Graphano mews release dated January 13, 2022), including:

• Channel sample results from Zone 1 include 7.9% Cg over 9.5 meters including 13.9% over 4.5 meters; and
• Channel sample results from Zone 4 include 18.0% Cg over 4.0 meters and 5.8% Cg over 8.0 meters which includes 14.8% over 3.0 meters.

The intent of the drill program is to evaluate the characteristics and magnitude of mineralization in these two zones. The program will be the Company's initial step in building a current Canadian Institute of Mining Metallurgy and Petroleum (CIM) / National Instrument 43-101 compliant mineral resource on the Property.

Zones 1 and 4 are just two of the eight prospective targets which have been defined on the Property to date through the Company's surface trenching and sampling programs completed in 2021, as well as a compilation of historical drilling and other exploration data. The most relevant historical data is from Orrwell Energy Corp.'s 1980s program consisting of 79 diamond drill holes totalling 19,550 feet (5,958 metres) and resource estimation work.