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VANCOUVER, BC, January 14, 2023 /CNW/ – Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (“Graphite One” or “Company”) received a request from OTC Markets Group Inc. (“OTC markets“) to publish a statement about recent promotional activity regarding its common shares (“Common shares“).

On January 12, 2023OTC Markets has notified the Company that it has become aware of certain promotional activities regarding the Company and the common shares traded on the OTCQX market, including the distribution of digital marketing materials and email promotional newsletters published by Promethean Marketing Inc.Promethean) and its affiliates discussing the Company, its business and the graphite industry in general. Marketing materials also contain summaries of the latest news released by the Company. OTC Markets has provided sample promotional material for your reference.

Promethean is a third-party digital marketing company retained by the Company to provide communications and digital media services. The information contained in the marketing materials are factual statements about the Company, its business and the graphite industry.

The Company has provided Promethean with a publicly available source of information for its marketing materials and has maintained editorial control over the wording of the materials, including the factual accuracy of the materials, prior to their distribution. The Company does not believe that marketing materials and newsletter emails. the statements in the letters are false or misleading. The appointment of Promethean, the nature of the relationship between Graphite One and Promethean, and the compensation to be paid to Promethean were publicly disclosed in the release. May 10, 2022, which can be found on the Company’s profile on SEDAR and on the Company’s website. As disclosed May 10, 2022 News Release To the best of our knowledge, Promethean or any of its directors directly or indirectly owns any common stock in the Company. The launch of digital marketing campaigns has begun October 1, 2022.

Over the past 12 months, the Company has engaged Promethean and TD Media LLC dba Life Water Media LLC to provide digital marketing services, including content creation, distribution and market awareness campaigns.

There has been no unusual or significant trading volume in the common stock since the digital marketing campaigns began.

Following a management inquiry, certain directors, officers and a controlling person purchased a total of 905,000 shares of the Company’s common stock during the last 90 days after the exercise of warrants and stock options, of which 20,000 shares of common stock were sold.

On August 30, 2022The company closed the first tranche of non-brokered private placement of 8,762,071 units at the price: $1.15 per unit for gross revenue $10,076,382 and closed the last tranche November 21, 2022 560,916 units for gross receipts $645,052. It $1.15 per unit was a 7% discount to the closing price August 8, 2022 announcement of non-brokered private placement.

On September 19, 2022The company announced a stock repricing for the debt transaction (“Debt settlement transaction“) with Taiga Mining Company, Inc. to account for outstanding debt 6775230 USD due to dated unsecured loan funds September 9, 2019, amended and expanded. Pursuant to the revised terms of the debt settlement transaction, the Company issued 9,296,328 shares of common stock at a specified price. $0.95 per share for full debt settlement, which was a 17% discount to the closing price August 23, 2022 declaration of shares for repayment of debt;

About Graphite One Inc

GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) continues to develop its Graphite One Project (the “Project”) with the goal of becoming a US producer of high-quality anode materials integrated with domestic graphite. resource. The project is proposed as a vertically integrated enterprise that mines, processes and manufactures high-quality anode materials primarily for the lithium-ion electric vehicle battery market. As indicated in the Company’s 2022 Preliminary Feasibility Study, potential graphite mineralization mined from the Company’s Graphite Creek Property is expected to be processed at a concentrate graphite processing plant. The proposed processing plant will be located on the Graphite Creek Property, located on the Seward Peninsula, approximately 60 km north of Nome, Alaska. Graphite anode materials and other value-added graphite products will be produced from concentrate and other materials at the Company’s proposed graphite materials manufacturing facility, which is planned to be located in Washington, DC. The Company intends to make a production decision on the Project after the completion of the feasibility study.

On behalf of the Board of Directors

“Anthony Houston” (signed)

For more information about Graphite One Inc., visit the Company’s website at

Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) is responsible for the adequacy or accuracy of this release.


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