Canada Carbon Receives Complete Results on its Asbury Property with Interpretations that Include 5.00%Cg over 33.35 m

Drilling Highlights Results for 2 drill holes evaluating the conductor to the south (see Figure 1) reveal consistency with historical drilling and highlight the possible northeast extension of the graphite mineralization reported in revealing MC8805 (8.14% Cg over 18.9 m) DDH22-AS-10, 00% (Cg) over 33.5 m consisting of 13.86% (Cg) over 5.05 m. 73% (Cg) over 18.2 m consisting of 9.53% (Cg) over 1.35 m DDH22-AS-07, 2.21% (Cg) over 58.85 m consisting of 9.21% (Cg) over 7.25 m. These intercepts validate that graphite mineralization can discuss the VTEM conductor formerly determined by Focus Graphite (Dubé, 2013). Both holes obstructs validate the existence of a mineralized graphite body and the likely northeastward extension of the MC8805 Channel Sampling Highlights Trenching and channel tasting reveal mineralization as coarse flake graphite hosted in marbles, skarns and paragneiss, which follows real and historical drilling observations and descriptions. CS-AS22-01, 01% (Cg) over 10.0 m consisting of 1.99% (Cg) over 3.0 m. CS-AS22-02, 67% (Cg) over 13.5 m. CS-AS22-05a, 24% (Cg) over 6.5 m consisting of 9.15% (Cg) over 1.5 m. All the trenches obstructed graphite mineralization The prepared goal of the study was to check the northeastern part of a local pattern. The pattern is made up of several conductors and VTEM abnormalities, that link the Asbury historic mine to the just recently workspace (see figure 1). According to Dubé (2013 ), this pattern extends more than 4km from the Asbury deposit to the northeast. Historic mining operations at the Asbury (Graphex) Mine drawn out 875,000 metric lots of graphite at a 6%(Cg) cut-off grade (Charbonneau 2012). The 2022 program included 6 diamond drillholes “DDH” (formerly reported) amounting to 830 meters, and 6 trenches which returned over 60.5 m of channel samples. The drill program intended to evaluate some targeted VTEM abnormalities and conductors at depth. The Company next actions will be to send out extra samples from unassayed areas, to possibly increase the length of the intersects and to prepare the next drilling stages. The Company is likewise preparing to more test the location with ground geophysics, in between the mine and the just recently drilled location, where many conductors stay untried. This geophysical study is intended to much better specify the conductors where high grade mineralization may be situated. Ultimately, the Company anticipates to be able to show that the entire 4km conductor pattern is graphitic in nature, and after that begin a resource quote on the found mineralization. Figure 1: Overview of Asbury Project & Preliminary Results of Fall 2022 Campaign Table 1: Drill Holes Assay results Drill Hole Id From (m) To (m) Length (m) Average Results % (Cg) DDH22-AS-02 49.7 53.7 4 0.34 consisting of 50.55 52 1.45 1.34 DDH22-AS-04 26.7 44.5 17.8 1.95 consisting of 32.3 35.15 2.85 9.36 DDH22-AS-05 20.75 30 9.25 1.94 consisting of 25 29 4 3.01 DDH22-AS -05 37 54.5 17.5 1.48 consisting of 40.35 41.73 1.38 10.40 DDH22-AS -07 86.65 145.5 58.85 2.21 consisting of 137.1 144.35 7.25 9.21 DDH22-AS -07 129.5 146.5 17 4.95 consisting of 137.1 143 5.9 10.53 DDH22-AS -09 63.35 72.35 9 0.76 DDH22-AS -10 84.7 102.9 18.2 2.73 consisting of 95.75 97.1 1.35 9.53 DDH22-AS -10 117.35 130.85 13.5 8.57 consisting of 115 148.35 33.35 5.00 Table 2: Channel Samples Assay results Channel From (m) To (m) Length (m) Average Results % (Cg) CS-AS22-01 3 13.5 10 1.01 consists of 4.5 7.5 3 1.99 CS-AS22-02 0 14.5 13.5 0.67 consists of CS-AS22-02b 0 4 4 0.75 consists of CS-AS22-04 0 7 7 0.62 consists of 4.5 6 1.5 3.87 CS-AS22-05a 0 6.5 6.5 4.24 consists of 3.5 5 1.5 9.15 CS-AS22-05b 0 5 5 1.60 CS-AS22-06 0 8 8 0.50 CS-AS22-06b 0 8 8 0.50 QAQC A QAQC program was performed throughout the drilling project. It consisted in the intro of Certified Reference Materials (CRM) requirement, either blank product (without graphite) or standardized worth. Along the 480 drill core samples and 63 trenches samples, an overall of 14 blank and 11 graphite requirements were placed. The overall QAQC program represents 4.4% of overall examined samples Next Steps Initial analysis of the outcomes indicat
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