Graphite One Announces Closing of $2.7 Million Private Placement and to Present at the 2023 Kinvestor Virtual Conference

September 14, 2023 – Vancouver, British Columbia – Graphite One Inc. (TSX-V: GPH; OTCQX: GPHOF) (“Graphite One” or the “Company”) is pleased to announce that it has closed a non-brokered private placement with Bering Straits Native Corporation (“Bering Straits”) for gross proceeds of $2,718,609 through the issuance of 2,802,690 units at a price of $0.97 per unit (“Private Placement”).  Each unit consists of one common share and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder to acquire, on payment of $1.21 to the Company, one common share of the Company for a period of twelve (12) months from the closing date of the Private Placement.