Graphano Energy Ltd. Reports Earnings Results for the First Quarter Ended October 31, 2022

Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring and developing energy metals resources from exploration to production. The Company's properties include Lac Aux Bouleaux graphite property (LAB Graphite Property), Dudley and Lac Vert-Bouthillier, and Standard Graphite Project. The LAB Graphite Property is comprised of around 14 mineral claims in one contiguous block totaling 738.12 hectares (ha) near the town of Mont-Laurier in southern Quebec. The LAB Graphite Property is underlain by Precambrian age rocks of the Grenville Series comprised of quartzo feldspathic, garnetiferous paragneiss and limestone/marble beds. The Standard Graphite Project Option Agreement covers six claims totaling over 355 ha located 32 kilometers northeast of the Company’s Lac Aux Bouleaux graphite project. It has staked two sets of graphite claims, comprising the Dudley and Lac Vert-Bouthillier graphite showings, for a total of 11 claims, covering 600 ha.