Announcement • Jan 10

Canada Carbon Inc. Announces Completion of Drilling Program on its Asbury Property

Canada Carbon Inc. announced that it has completed its trenching and drilling campaign near the MC-8805 showing on the eastern part of the Asbury Property. Prospecting in 2021 returned mineralized grab samples (21.50 %, 5.85% and 18.80% Cg) in the NE part of the Property, near the MC-8805 showing. Historic drill holes (St-Pierre, 1988) in the vicinity of the showing returned 8.14% Cg over 18.9 meters. This area was the main target for the Fall 2022 exploration campaign which consisted of 60.5m of trenching in 5 trenches and 830m of drilling in 6 diamond drill holes (“DDH"). In addition to drawing on extensive historical information, the trenching and drill survey used VTEM anomalies and EM conductors (Dubé, 2013) along with recently observed mineralization discovered during the latest surface exploration phase to find the local targets. Figure 1 show the location of the program along with some of the most prominent geological features of the area. Observations of the core and channel samples indicate that the host rocks are skarns, massive quartzites and banded porphyroblastic paragneisses. Graphite is present in all three lithologies, either as disseminated, veins or massive intersections. Sulphides (pyrite, pyrrhotite and sometime galena) are present as traces, clusters, stringers or chunks. Common alterations are carbonatization, ankeritization, chloritization or silicification. Trenching: In trenches, the main graphite corridor (>10% visual graphite) thicknesses ranges from 0.8m to 2.9m apparent thickness, the mineralization is hosted in metric sized lower grade graphite layers (>1% but <5% graphite). All of the graphite intersections (from trace to >10% visual graphite) appear to range in thicknesses from 0.4m to 11m with an average of 2.42m. Laboratory results will better indicate the extent of the high grade and lower grade mineralization. A total of 63 channel samples have been sent to Actlabs laboratory in Ancaster (Ontario) for graphite package analysis (RX1 preparation and C-Graphitic analytical package). In Trench 1 (T1), a mineralized horizon was sampled from 4.5m to 13.5m. This horizon has visible graphite content ranging from 10% to 25% at 4.5m and diminishes at the end (~2% graphite at 12.0m) (Photo 1). There were also 3 grab samples taken with visual estimates of 10 to 25% graphite content. In Trench 2 (T2), a mineralized horizon was sampled from 3.0m to 7.5m. This horizon has approximately 2 to 5% visible graphite content. In Trench 4 (T4), a mineralized horizon was sampled from 3.0m to 5.5m. This horizon has graphite content ranging from 2% to 5% at 3.0m and increases at the end (~10 to 25% graphite content at 5.5m). In Trench 5, a mineralized horizon was sampled from 0.0m to 6.5m. This horizon has graphite content ranging from 10% to 25% at 0.0m and decreases at the end (~2-5% graphite at 6.5m). A sub-metric and subcropping bloc, a few hundred kilograms in weight, has been collected near DDH-AS22-05. It contains significant graphite mineralization and has been kept for future metallurgical testing. Drilling: The length of the holes was planned to mostly target shallow EM and VTEM anomalies (within 100m vertical depth). Where access was temporarily impossible (e.g. planned holes DDH-AS22-02 and DDH-AS22-07), the drill pads were moved further away from the target and increased in length to test the depth of the anomalies. All the holes have a NQ diameter. A total of 504 samples were collected following the drilling and have been sent to Actlabs laboratory in Ancaster (Ontario), including standard samples for graphite package analysis (RX1 preparation and C-Graphitic analytical package). Pyrite, pyrrhotite and magnetite have been observed in drill cores and could be responsible for some of the VTEM anomalies, but the VTEM anomalies cannot be solely explained by these minerals, as the high concentration of these minerals are associated with high concentrations of graphite. Intersections not associated with graphite have very low concentrations of pyrite and pyrrhotite. In DDH-AS22-02, a mineralized horizon was observed and sampled between 50.55m to 53.20m with visible graphite content ranging from trace to 5% in a fault gouge. In DDH-AS22-04 a mineralized horizon was observed and sampled between 32.20m to 35.15m with visible graphite content ranging from 10% to 25% in a massive band. In DDH-AS-05, two main mineralized horizons were observed and sampled. The first mineralized horizon, between 40.35m to 41.73m has visible graphite content ranging from 20% to 40%. The second mineralized horizon, from 127.55m to 128.40m, has visible graphite up to 10%, and locally up to 20% in a fault from 127.90m to 128.10m. In DDH-AS22-07, a mineralized horizon was observed and sampled between 137.10m to 144.35m with visible graphite content ranging from 10% to 25% in a massive band and disseminated. In DDH-AS22-09, a mineralized horizon was identified and sampled between 30.00m to 41.00m with visible graphite, pyrrhotite and pyrite content locally ranging from trace to 1%. In DDH-AS22-10, three mineralized horizons were identified and sampled. The first mineralized horizon is between 16.15m to 24.00m, with visible graphite content of 2% and up to 10% in fault gouge. The second mineralized horizon is between 86.20m-97.10m with visible graphite content up to 5%, disseminated. The third mineralized horizon is between 117.35m-146.80m with visible graphite content of 5 to 25%.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.09%
Management average tenure	11.8yrs
Board average tenure	11.6yrs

Name	Position	Tenure	Compensation	Ownership
Arran Thorpe	Interim CEO	less than a year	CA$12.00k	0.089% $ 790.4
Thomas Fenton	Corporate Secretary	18.3yrs	CA$22.42k	no data
Arthur Carter	Vice President of Operations & Engineering	no data	no data	no data
Dick van Wyck	General Counsel	no data	no data	no data
Valerie Pomerleau	Director of Public Affairs & Communications	5.5yrs	no data	no data
John Childs	Vice President of Exploration	18.2yrs	no data	no data
Stacy Matthes	Corporate Secretary	no data	no data	no data

Name	Position	Tenure	Compensation	Ownership
Arran Thorpe	Interim CEO	3.3yrs	CA$12.00k	0.089% $ 790.4
Richard Truly	Member of Technical Advisory Board	11.6yrs	no data	no data
Pieter Barnard	Independent Director	10.5yrs	CA$12.00k	no data
Roger Roberts	Member of Technical Advisory Board	11.6yrs	no data	no data
Greg Lipton	Independent Director	15yrs	CA$12.00k	no data
Bruce Coventry	Independent Director	13.7yrs	CA$12.00k	no data
E. Klue	Member of Technical Advisory Board	12.6yrs	no data	no data

Data	Last Updated (UTC time)
Company Analysis	2026/05/07 03:36
End of Day Share Price	2026/04/29 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Canada Carbon Management

Management criteria checks 4/4

Key information

Recent management updates

Canada Carbon Inc. Announces Chief Financial Officer Changes

Canada Carbon Inc. Announces CFO Changes

Canada Carbon Inc., Annual General Meeting, Jan 21, 2026

Canada Carbon Inc., Annual General Meeting, Jan 31, 2024

Canada Carbon Inc., Annual General Meeting, Dec 15, 2022

Recent updates

Canada Carbon Inc. Announces Chief Financial Officer Changes

Canada Carbon Inc. Announces CFO Changes

Canada Carbon Inc. Completes Third Drilling Campaign on Asbury Graphite Property

Canada Carbon Inc., Annual General Meeting, Jan 21, 2026

Canada Carbon Inc. Announces Receipt of Necessary Permits for Its Third Drilling Campaign on Asbury Graphite Property

Canada Carbon Inc. Confirms About CPTAQ Decision on the Development of Critical and Strategic Minerals in Quebec

Canada Carbon Inc. announced that it expects to receive CAD 0.7 million in funding

Canada Carbon Inc. announced that it has received CAD 0.55 million in funding

Canada Carbon Inc. announced that it expects to receive CAD 0.55 million in funding

Canada Carbon Inc. announced that it expects to receive CAD 0.15 million in funding

Canada Carbon Inc. Completes First Phase of A Bulk Sample Program on Its Asbury Graphite Project

Canada Carbon Inc. announced that it has received CAD 0.5 million in funding

Canada Carbon Inc. announced that it has received CAD 0.135675 million in funding

Canada Carbon Announces Completion of Maiden Resource Estimation for Its Asbury Graphite Project in Notre-Dame-Du-Laus Municipality, Laurentides, Quebec

Canada Carbon Receives Full Assay Results on Its Asbury Property, Including 12.25%Cg over 22.50 Metres

Canada Carbon Announces Positive Results from Graphite Half-Cell Battery Testing with Polaris Battery Labs, LLC

Canada Carbon Inc. announced that it has received CAD 0.6 million in funding

Canada Carbon Inc. announced that it expects to receive CAD 0.6 million in funding

Canada Carbon Inc. Provides Update on Its Asbury Mine Exploration Program

Canada Carbon Inc., Annual General Meeting, Jan 31, 2024

Canada Carbon Inc. Reaffirms its Commitment to the Miller Graphite Mining Project, Located in Grenville-sur-la-Rouge

Canada Carbon Inc. Announces to Start Second Phase of Drilling on Its Asbury Property

Canada Carbon Inc. Receives Results on Its Asbury Property and Provides Initial Interpretation of Results, Including 5.00%Cg over 33.35M

Canada Carbon Inc. Announces Completion of Drilling Program on its Asbury Property

Canada Carbon Inc. Reports Updated Mineral Resource Estimate for its Miller Graphite Project

Canada Carbon Inc., Annual General Meeting, Dec 15, 2022

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