Canada Carbon Takes First Step in Filing of Application with Commission de la Protection du Territoire Agricole du Quebec (“CPTAQ”)

On Friday, March 17th, 2023, CCB sent a total job description together with all supporting research studies and shows to the Municipal Inspector of Grenville Sur La Rouge (“GSLR”). GSLR is statutorily needed, within 45 days from the date of submission, to evaluate the application and testify that it adheres with local by-laws. Upon attestation, GSLR is then needed to forward the finished application to CPTAQ for evaluation an analysis. The Company anticipates that the CPTAQ evaluation duration might be finished within a 6-month timeframe. Figure 1: Overview of Miller Graphite Project Site Plan Lot limits Area targeted by the application (85.5 ha) Area of graphite pits (26.0 ha) The brand-new task description is consisted of entirely of the advancement of the Miller Graphite Project and omits the formerly considered marble quarry part. Ceo, Ellerton Castor, stated: “We have actually decided to send an application to CPTAQ which is focused exclusively on the advancement of the Miller Graphite Deposit. This “mining-only” job must simplify the evaluation procedure and place the Company to react to any regulative issues about CCB’s main organization: the accountable advancement and commissioning of it 2 graphite deposits in Quebec. As I detailed in my current interview with CEO.ca, (https://youtu.be/WBuYkS9quE4), the Company’s top priority is to accelerate its capability to establish both deposits on a timeline that enables it be a substantial individual in the nuclear power generation supply chain, while serving other commercial verticals with substantial existing need and excellent rates of development. By focusing the effort on business of mining and processing graphite, not marble, we will focus the Company’s monetary and intellectual capital in manner ins which make the most of investor worth, while likewise showing a level of responsiveness to particular issues of our next-door neighbors in GSLR.” CANADA CARBON INC. “Ellerton Castor” Chief Executive Officer and Director Contact Information E-mail queries: info@canadacarbon.com P: (905) 407-1212 FORWARD LOOKING INFORMATION This news release includes declarations that make up “positive details” (“positive info”) within the significance of the appropriate Canadian securities legislation. All declarations, aside from declarations of historic reality, are positive details and are based upon expectations, price quotes and projecti
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