Visible High-Grade Graphite Confirmed at Surface Within a 3.8km x 625m Greenfield Target
MONTREAL, QC / ACCESS Newswire / July 7, 2026 / First Canadian Graphite Inc. (TSXV:FCI)(OTCQB:GRAPF) ("FC graphite" or the "Company") announces the discovery of visible high-grade graphite at surface within Zone 13, a previously unexplored kilometre-scale electromagnetic ("EM") anomaly at its district-scale Lac Guéret South Project in Québec.
The newly confirmed graphite occurrence represents the first geological confirmation of mineralization within an EM conductor extending approximately 3.8 kilometres in length and up to 625 metres in width, highlighting the potential for a significant new graphite system beyond the Company's existing NI 43-101 mineral resource.
Field crews are currently mapping, sampling and tracing graphite-bearing outcrops along strike to determine the extent of the mineralized system while advancing drill target definition.
"This is one of the most exciting exploration developments we've seen on the property," said John LaGourgue, First Canadian Graphite CEO. "Not only have we confirmed visible graphite in a completely new exploration area, but we've done so within one of the largest untested conductors on the property. Combined with the scale of the anomaly and the success of our historical Zone 1 resource, we believe Zone 13 has the potential to become another major graphite discovery within the Lac Guéret District."
The discovery further demonstrates the exploration potential across First Canadian Graphite's 167 km² land package, one of the largest graphite claim positions in the Lac Guéret district.
Assay results from current field sampling are expected in the coming weeks and will assist in prioritizing drill targets for the next phase of exploration. Bulk samples will also be delivered to Corem for metallurgy and floatation characteristics testing.
Photographs of the graphite-bearing outcrops and field activities accompany this release and are available on the Company's website and social media channels.
Field Procedures
A seasoned exploration crew is currently executing a ground electromagnetic survey on Zone 13 using Beep Mat TM-8 instrumentation to delineate shallow conductors. Identified targets are being hand-excavated to expose graphitic outcrops for sampling.
The crew has successfully traced a continuous conductor over a 3,157m strike length, with sampling expanding across true or apparent widths greater than 100m. The survey is ongoing.Details on sample point locations and assay results will be provided in a timely manner.