Northern Graphite Appoints Investor Relations Advisors

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Ottawa, Ontario–(Newsfile Corp. – May 11, 2022) – Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: NGO) (there “Company” or “North“) is pleased to announce that the Company has entered into consulting agreements with Peterson Capital (“Peterson”) and Redwood Empire Financial Communications (“Redwood”) to provide investor relations services in accordance with the policies and guidelines of the TSX Venture Exchange (the “TSXV”) and other applicable laws. Northern’s objective is to increase awareness of the Company, its assets and the highly favorable supply and demand outlook for graphite with the investment community in North America and Europe Appointments are subject to TSXV approval.

Peterson is one of Canada’s leading financial markets communications and advisory firms. She specializes in connecting high-growth companies with her extensive network of retail investment advisors in Canada as well as wealth management offices and funds in Europe. Peterson receives a retainer of $50,000 for his services over a period of two to three months, renewable at the company’s option.

Redwood is a Georgia-based investor relations firm. Its principal, Michael Bayes, has provided investor relations services to public companies for over 18 years and has developed an extensive network of retail brokers, institutional money managers and industry analysts across the states. -United. Redwood Empire is paid US$10,000 per month for at least six months and has been granted 100,000 stock options exercisable at $0.75 for a period of two years.

Neither Peterson nor Redwood nor their principals hold any direct or indirect interest in the Company, but may purchase its securities from time to time for investment purposes.

About Northern Graphite

Northern Graphite is a Canadian company, listed on the TSX Venture Exchange, which 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 construction materials. anode for LiB/VE, fuel cells and graphene, as well as advanced industrial technologies.

Northern is the only major graphite producing company in North America and will become the third largest non-Chinese producer when its Namibian operations resume 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

Gregory 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.

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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 contained in this release include statements regarding, among other things; the Company’s intentions with respect to its operations and development projects. 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.

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