Graphano Energy Ltd. reported the final assay results from the 2023-24 winter drilling program at its 100% owned Standard Mine Project ("Standard"). The primary focus of the drilling program was on graphite zone expansion, following up on the excellent results from the 2022-23 trenching and drilling programs. The four drill holes reported in this update were drilled as step-outs to extend mineralization along the Eastern Trend by an additional 250m strike length. The Eastern Trend has now been tested by trenching and drilling, at shallow depths over an approximate 500m strike length.

The mineralization remains open in both the strike and dip directions. Select samples from the 17 holes drilled from Standard were submitted for assay analysis. A total of 1,991m were drilled during the program.

All drill core samples were sampled, stored and shipped using industry best practices and were delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario, for sample preparation and analyses using laboratories' Code 4F-C Graphitic, analyzing C-Graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C-Total (infrared). ACTLABS is an independent commercial, accredited ISO Certified Laboratory. The core sample program also included field duplicates, blanks and a graphite standard sample for quality control and quality assurance (QA/QC) purposes.