Northern Graphite Appoints The Honorable Albert C. Zapanta as Senior Board Advisor for International Government Affairs

Ottawa, February 7, 2024 - Northern Graphite Corp. (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern") is pleased to announce the appointment of The Honorable Albert C. Zapanta as Senior Advisor to the Board of Directors, International Government Affairs.

Maj. Gen. Albert Zapanta (USA-Ret.), whose vast experience in the public and private sectors includes numerous presidential appointments, will help guide Northern in its relationships with governments and industry as the Company seeks to establish its place as a critical supplier to North America's energy transition and EV revolution.

"As North America's only natural graphite producer, Northern is in a unique position to help drive the United States' energy transition ambitions," Gen. Zapanta said. "I look forward to advising the Company as it grows into a major supplier of graphite, which has been declared a critical mineral by the U.S. government, to our EV battery makers and to other industries."

Gen. Zapanta has held numerous presidential appointments, including White House Fellow, Special Assistant to Secretary of U.S. Department of Transportation, Senate-confirmed Assistant Secretary of the Interior for Management and Administration, U.S. State Department Advisory Committee on International Trade Technology and Development, and private sector delegate to the U.S.-Mexico Partnership for Prosperity. U.S. Secretary of Defense Donald H. Rumsfeld appointed Gen. Zapanta Chairman of the Reserve Forces Policy Board (RFPB). He was also appointed Chief of Staff for the Peacekeeping Mission United Nations Referendum on Western Sahara and has received numerous military awards. He retired from the U.S. Army with 36 years of service.

In the private sector, he was Director of Governmental Affairs for Atlantic Richfield Co. (ARCO Oil & Gas), where he coordinated ARCO's efforts to deregulate the natural gas market, which became law as the Natural Gas Policy Act (NGPA). He served on the Board of Tyson Foods as Chairman of the Nomination and Governance Committee, and he is currently President and CEO of the United States-Mexico Chamber of Commerce.

"It's a pleasure to welcome Gen. Zapanta as a senior advisor to our board," said Northern Chief Executive Officer Hugues Jacquemin. "His deep understanding of the workings of the U.S. government in particular will be instrumental to helping Northern to communicate with Congress as the Government plots the Nation's path to net zero, a successful energy transition and a sustainable electric vehicle industry."

About Northern Graphite

Northern, the only graphite producing company in North America, is a Canadian, TSX Venture Exchange 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 lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies.

Northern owns and operates the Lac des Iles graphite mine in Quebec and expects to become the third-largest natural graphite producer outside of China when its Namibian operations come back online. The Company also has the large-scale, advanced stage Bissett Creek project in Ontario, and substantial additional measured and indicated resources in Namibia and on the Mousseau property in Quebec, which are expected to be sources of continued production growth in the future. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.

For Media Inquiries Contact

Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com

For Additional Information

Please visit the Company's website at northerngraphite.com, the Company's profile on www.sedarplus.ca our Social Channels listed below or contact the Company at (613) 271-2124.

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Cautionary Note Regarding Forward-Looking Statements

This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements in this news release include statements regarding, among others, the Company's intentions to bring its Namibian operations back online and develop the Company's other graphite projects. All such forward-looking statements are based on assumptions and analyses made by management based on their experience and perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the 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, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver anticipated results or results that would justify and support continued studies, development or operations and the inability to raise required financing. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based on what management believes are 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 news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news 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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197139