CANADA CARBON FILES APPLICATION WITH THE CPTAQ TO DEVELOP ITS MILLER GRAPHITE MINE

Toronto, ON, Canada, May 24, 2023 (GLOBE NEWSWIRE) -- Canada Carbon (the "Company") is proud to announce the opening of a new file with the Commission de Protection du Territoire Agricole du Québec ("CTPAQ") for its Miller Graphite Project (“Miller”), located in the municipality of Grenville-sur-la-Rouge ("GSLR"). The Company received CPTAQ confirmation that the application has been received and assigned filed number 441303. The review by CPTAQ is the first step in the Company’s licensing and permitting efforts on Miller.

Canada Carbon has consistently adopted a wholistic, responsive approach to the development of the Miller project. After concerns were expressed by the local community, Canada Carbon made the decision to defer the quarry component of the project and focus its efforts on the development of the graphite mine. This decision reflects Canada Carbon’s dedication to actively listen to and address the expressed concerns of residents. It highlights the Company’s commitment to meaningful consultation and community engagement. Canada Carbon is confident that the Miller project will meet the highest standards of compliance, assiduously protect the environment, and contribute positively to the economy of the entire region.

In addition, Canada Carbon would like to highlight the commitments made by the parties in the agreement reached in February 2020. According to the agreement, signed pursuant to legal action initiated by Canada Carbon, GSLR officially recognized that graphite is a mineral substance in accordance with article 246 of the Act respecting land use planning and development. Consequently, no provision of the Schéma d'aménagement de la MRC d'Argenteuil, the urban plan, the zoning bylaw or any other GSLR interim control, subdivision or construction bylaw is applicable to or in opposition to the Miller project. It should be noted that this agreement is a legally binding contract under Article 2631 of the Civil Code of Quebec and has been officially homologated by the Superior Court of Quebec. As a result, GSLR is obligated to adhere to and uphold the terms and obligations outlined within the agreement. This recognition reinforces Canada Carbon's confidence in the validity of its project and urges GSLR to respect the commitments it has already made.