CANADA CARBON ANNOUNCES COMPLETION OF MAIDEN RESOURCE ESTIMATION FOR ITS ASBURY GRAPHITE PROJECT IN NOTRE-DAME-DU-LAUS MUNICIPALITY, LAURENTIDES, QUEBEC - Seite 3

TABLE 2: PARAMETERS USED TO MODEL OPTIMIZED GRAPHITE RESOURCES

Parameters	Value	Unit
Mining Cost – Mineralized Material	5.00	CDN$/t mined
Mining Cost – Waste	4.00	CDN$/t mined
Mining Dilution	5	%
Mining Recovery	95	%
Processing + G&A Costs	13.65	CDN$/t milled
Metal Price	2,500.00	CDN$/tonne
Concentration Recovery	90	%
Pit Slopes	50	degrees
Density of Mineralized Material	2.80	t/m3
Density of Waste	2.80	t/m3

Asbury Project Overview

The 100%-owned Asbury Graphite Project is a past producing property made up of 25 claims with a total surface area of 1,384.59 ha. It is located 8.1 km northeast of Notre-Dame-Du-Laus in the Laurentides Region of southern Quebec. The property is accessible via gravel roads from Provincial Road 309 and Chemin du Ruisseau Serpent in the Notre-Dame-du-Laus area. A power transmission line runs through the property. Mont-Laurier, located approximately 44 km north, provides all amenities needed to perform basic mineral exploration, such as a hospital, accommodations, restaurants, groceries and other primary services. Additional amenities for exploration, and a seasoned mining and exploration workforce, are available from nearby towns of Gatineau to the south.

Qualified Person

Mr. Yann Camus, P.Eng., from SGS Geological Services, an independent Qualified Person as defined by National Instrument 43-101 guidelines and has reviewed and approved the technical related content of this news release.

CANADA CARBON INC.
“Ellerton Castor”
Chief Executive Officer and Director
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FORWARD LOOKING INFORMATION
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