Announcement • Jul 30
Graphano Energy Ltd. Announces Board Changes Graphano Energy Ltd. had appointed Andrew Gainsbury as Director of the Company effective July 27, 2026. Mr. Gainsbury had served as the Company's acting Chief Financial Officer on an interim basis since March 1, 2026. Prior to assuming that role, Mr. Gainsbury served as the Company's Controller. He had over 16 years of experience in financial management and consulting in both Canada and Brazil. His most recent experience included serving as Controller for several publicly-listed Canadian junior mining companies. Previously, he was Chief Financial Officer of a Brazilian engineering firm with over 800 employees, as well as a senior consultant leading corporate finance projects across multiple industries for Deloitte in Brazil. He specialized in strategic management, mergers and acquisitions, fundraising, as well as corporate restructuring. He held an MBA from McGill University and had earned his CFA and CMA designations. The Company had also announced the passing of James "Jay" Richardson, Director of the Company since October 5, 2020. Announcement • Jul 29
Graphano Energy Ltd. Announces Appointment of Andrew Gainsbury to Chief Financial Officer, Effective July 27, 2026 Graphano Energy Ltd. had appointed Andrew Gainsbury as Chief Financial Officer of the Company effective July 27, 2026. Mr. Gainsbury had served as the Company's acting Chief Financial Officer on an interim basis since March 1, 2026. Prior to assuming that role, Mr. Gainsbury served as the Company's Controller. He had over 16 years of experience in financial management and consulting in both Canada and Brazil. His most recent experience included serving as Controller for several publicly-listed Canadian junior mining companies. Previously, he was Chief Financial Officer of a Brazilian engineering firm with over 800 employees, as well as a senior consultant leading corporate finance projects across multiple industries for Deloitte in Brazil. He specialized in strategic management, mergers and acquisitions, fundraising, as well as corporate restructuring. He held an MBA from McGill University and had earned his CFA and CMA designations. The Company had also announced the passing of James "Jay" Richardson, who served as the Company's Chief Financial Officer from March 9, 2021 until March 1, 2026, when Mr. Gainsbury was appointed interim Chief Financial Officer following the onset of Mr. Richardson's illness. New Risk • Mar 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$916k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$916k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.14m market cap, or US$2.27m). Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). 
