Graphite One Responds to OTC Markets Request on Recent Promotional Activity

Vancouver, British Columbia, January 14, 2023 /CNW/- Graphite One Co., Ltd. (TSXV: GPH) (OTCQX: GPHOF) (“Graphite One” or “company”) OTC Markets Group Inc. (“over-the-counter market“) issue a statement regarding recent promotional activities relating to its common stock (“common stock”).

Graphite One Inc. Logo (CNW Group/Graphite One Inc.)

upon January 12, 2023OTC Markets has notified us that it has become aware of certain promotional activities relating to our common stock traded on the OTCQX Marketplace. This includes the distribution of digital marketing materials and promotional newsletter emails published by Promethean Marketing Inc.Prometheus”) and its affiliates discuss the company, its business and the graphite industry in general. Marketing materials also include summaries of recent news releases issued by the company. OTC Markets provided a sample promotional material for reference.

Promethean is a third-party digital marketing company held by us to provide communications and digital media services. Information contained in marketing materials is factual statements about the company, its business and the graphite industry.

We provided Promethean with publicly available sources for its marketing materials and retained editorial control over the language of the materials, including reviewing the materials for factual accuracy prior to distribution. We do not believe the descriptions in our marketing materials and newsletter e-mails are false or misleading. As to Promethean’s appointment, the nature of the relationship between Graphite One and Promethean, and the remuneration paid to Promethean, May 10, 2022This can be found on SEDAR’s company profile and company website. As disclosed in May 10, 2022 According to the news release, to the best of our knowledge, neither Promethean nor any of its principals own, directly or indirectly, any of our common stock.Starting a Digital Marketing Campaign October 1, 2022.

Over the past 12 months, we have engaged Promethean and TD Media LLC dba Life Water Media LLC to provide digital marketing services such as content creation, distribution and market awareness campaigns.

There has been no unusual or significant increase in the trading volume of our common stock since the launch of our digital marketing campaign.

After management’s investigation, certain directors, officers and managers have purchased a total of 905,000 shares of our common stock within the past 90 days through the exercise of warrants and stock options, of which 20,000 shares have Sold.

upon August 30, 2022the Company closed the first tranche of an unbrokered private placement of 8,762,071 units at a price $1.15 per unit of total revenue of $10,076,382 close the final tranche with November 21, 2022 Total revenue of 560,916 units $645,052. of $1.15 Per unit was a 7% discount to the closing price. August 8, 2022 Announcement of non-broker private placement.

upon September 19, 2022the Company has announced a repricing of shares for debt transactions (“debt consolidation transaction“) Settle outstanding debts in total with Taiga Mining Company, Inc. US$6,775,230 Obligations under the Unsecured Loan Facility dated September 9, 2019, modified and extended. Pursuant to the revised terms of the Debt Settlement Transaction, the Company issued 9,296,328 common shares at a deemed price. $0.95 per share on full settlement of the debt, which is August 23, 2022 Announcement of shares for debt consolidation.

About Graphite One Co., Ltd.

GRAPHITE ONE INC. (TSX–V: GPH; OTCQX: GPHOF) continues to develop the Graphite One Project (the “Project”) to become an American manufacturer of high quality anode materials integrated with domestic graphite Our goal is to resource. The project is proposed as a vertically integrated company that will mine, process and manufacture high-grade anode materials primarily for the lithium-ion electric vehicle battery market. Graphite mineralization that may be mined from our Graphite Creek property is expected to be processed into concentrate at our graphite processing plant, as described in our 2022 Pre-Feasibility Study. . The proposed processing plant will be built on the Graphite Creek site on the Seward Peninsula, about 60 kilometers north of Nome, Alaska. Graphite anode materials and other value-added graphite products will be manufactured from concentrates and other materials at our proposed advanced graphite materials manufacturing facility, expected to be located in Washington. The Company will make a production decision for the project once the feasibility study is completed.

On behalf of the Board of Directors

“Anthony Houston” (signed)

For more information about Graphite One Inc., please visit their website at

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.



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