Northern Graphite appoints Hugues Jacquemin as General Manager

A senior graphite and carbon executive joins the management team

Ottawa, Ontario–(Newsfile Corp. – June 8, 2022) – The Board of Directors of Northern Graphite Company (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (there “Company” Where “North“) is pleased to announce the appointment of Mr. Hugues Jacquemin B.Sc. (hons) Dip. Esp. of Directors at the upcoming annual meeting. Greg Bowes, the former Chief Executive Officer, 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 (“TSXV “).

The Board of Directors would like to thank Greg Bowes for his integrity, leadership and dedication to the Company over the past few years, which culminated in the financing and acquisition of Imerys’ natural graphite division. The Board of Directors is extremely pleased to welcome Hugues to the management team where he is responsible for leading the company through the next phase of its development, in particular the rapid growth of the company’s graphite production and strengthening its ability to manufacture battery anode materials and other value-added products. .

Hugues held the position of CEO of the Graphite and Carbon division of Imerys SA and led its investment program in Li-ion battery materials for the electric vehicle markets. Imerys is a €4 billion company listed on the Paris Stock Exchange and operates around 100 industrial mineral mines in more than 30 countries. He has more than 30 years of senior management experience building specialty materials businesses for Fortune 500 listed companies and private equity firms across a wide range of industries, including mining and graphite processing, materials for lithium-ion (“LiB”) batteries, fuel cells and the production of hydrogen, graphene and carbon nanotubes, synthetic graphite and carbonaceous materials. Hugues recently acted as independent advisor to Northern in connection with its acquisition of the assets of Imerys. Hugues is a Belgian citizen and is fluent in English, French, Italian and Spanish.

Hugues Jacquemin commented: “It has been a pleasure to work with Greg Bowes and the Northern Graphite Board over the past year as we finalize the transformational acquisition of Imerys Natural Graphite mines and processing facilities and developing our strategy to become the world leader in graphite. producer and processor. I am delighted to lead the Company into the next stage of its development and I look forward to creating a bright future for our employees, our shareholders and all stakeholders. I want to thank Greg and the Northern Council for the opportunity and looking forward to implementing our strategy together.”

About Northern Graphite

Northern is a Canadian company listed on the TSX Venture Exchange that aims to become a world leader in the production of natural graphite and transform it into high-value products essential to the green economy, including anode materials for LiB/VE, fuel cells and graphene, as well as advanced industrial products. technologies.

Northern is the only major graphite producing company in North America and will become the third largest outside of China when its Namibian operations resume operations in the first half of 2023. The company also has two large-scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, which will be a source of continued production growth in the future. All projects have “battery grade” graphite and are located near infrastructure in politically stable countries.

Qualified person

Greg Bowes, B. Sc. MBA P.Geo is a “qualified person” as defined in NI 43-101 and has reviewed and approved the contents of this press release.

For more information

Please visit the Company’s website at http://www.northerngraphite.com/investors/presentation/the Company’s profile on www.sedar.com, our Social channels below or contact the Company at (613) 241-9959.

LinkedIn

Youtube

Twitter

Facebook

This press release contains certain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements and information are often characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential ”, “possible” and other similar words or statements indicating that certain events or conditions “may”, “will”, “could” or “should” occur. Forward-looking statements in this release include statements regarding, among other things, the company’s intentions regarding the return to service of its Namibian operations and the advancement of its development projects to production, as well as the development of the capacity to manufacture value-added products. All of these forward-looking statements are based on assumptions and analyzes made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they deem appropriate in circumstances. However, these statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected, including, but not limited to, changes unexpected in laws, rules or regulations, or their application by competent authorities. ; the failure of other parties to perform as agreed; social or labor unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and failure of ongoing and contemplated studies to provide anticipated results or results that would warrant and support continued study, development or operations. Readers are cautioned not to place undue reliance on any forward-looking information or statements.

Although the forward-looking statements contained in this press release are based on what management considers to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances that occur after the date of this press release.

Neither the 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.

Margie D. Carlisle