First Canadian Graphite Inc. Clarifies Closing Financing — $2,801,874.00

(TheNewswire)Montreal, QC – TheNewswire - February 13, 2026 — First Canadian Graphite Inc. (the “Company”) (TSX-V: FCI | Frankfurt: BK2) is pleased toannounce that further to its releases dated January 26, 2026 andFebruary 6, 2026, it wishes to clarify that it has closed its privateplacement offering as to 9,339,580 units at $0.30 for gross proceeds of $2,801,874.00 (not $2,768,100 as previously disclosed). Each unit shall becomprised of one common share and one-half warrant. Each whole warrant will entitle the holder to purchase onecommon share exercisable at $0.50 for two years.The gross proceeds from the financing will be for general working capital and an exploration and drill program on the Company’s BerkwoodGraphite Project located in northern Quebec. The Company will update shareholders as progress evolves. While the Company intends to spend the proceedsfrom the financing as stated above, there may be circumstances where,for sound business reasons, funds may be reallocated at the discretionof the Board.Three insiders of the Company subscribed for anaggregate of 270,000 Units. As such, this participation constitutes a“related party transaction” as defined under MultilateralInstrument 61- 101 Protection of Minority Security Holders in SpecialTransactions (“MI 61-101”). Such participation is exempt from theformal valuation and minority shareholder approval requirements of MI61-101, as neither the fair market value of the Units acquired by theinsider nor the consideration for the Units paid by such insiderexceeds 25% of the Company’s market capitalization. The Companydid not file a material change report 21 days prior to the closingdate of this private placement as details of the respectiveparticipation of such insiders in the Offering was unknown at suchtime. Finder fees of $38,802.02 cash and 125,440 finder warrants, exerciseableat $0.50 for two years has agreed to be paid/issued.The Company has applied to the TSX Venture Exchange forapproval to close the financing and issue the securities. Thesecurities to be issued under this financing will be subject to a holdperiod ending on the date that is four months plus one day followingthe date of issuance in accordance with applicable securities laws,and if applicable, will be subject to U.S. resale restrictions underU.S. securities laws. The securities to be sold in the financing have notbeen registered under the U.S. Securities Act of 1933, as amended(“U.S. Securities Act”), or any state or other applicablejurisdiction's securities laws, and may not be offered or sold inthe United States absent registration or an applicable exemption fromthe registration requirements of the U.S. Securities Act andapplicable state or other jurisdictions' securities laws. Thispress release shall not constitute an offer to sell or thesolicitation of an offer to buy these securities, nor shall there beany offer, solicitation, or sale of these securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful.About the Company: First Canadian Graphite is managed by a team with over 150years collectively with a proven track record of not just findingnumerous mines but building and operating them too. The Company’smanagement team’s most recent success is discovering the Berkwoodgraphite resource in Northern Quebec. The Company owns this asset100 percent, and the Company’s shareholders will benefit from thisasset as the demand for Graphite for electric vehicles increasessignificantly.On Behalf of the Board of DirectorsFirst Canadian Graphite lnc.SIGNED: Thomas YinglingThomas Yingling,President, CEO & Director2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B4W8Phone: (438) 469-0705#1100 - 1111 Melville Street, Vancouver, BC, V6E3V6Phone: (604) 343-7740FOR MORE INFORMATION, PLEASECONTACT:info@firstcanadiangrahite.com or 1-604-343-7740Website: www.firstcanadiangraphite.comDisclaimer for Forward-LookingInformation: Certainstatements in this document which are not purely historical areforward-looking statements, including any statements regardingbeliefs, plans, expectations or intentions regarding the future.Forward looking statements in this news release include that theCompany will carry out the drill program described in this newsrelease, conduct the Offering and expend funds on Berkwood GraphiteProject exploration. It is important to note that the Company'sactual business outcomes and exploration results could differmaterially from those in such forward-looking statements. Risks anduncertainties include that further permits may not be granted timelyor at all; the mineral claims may prove to be unworthy of furtherexpenditure; there may not be an economic mineral resource; methods wethought would be effective may not prove to be in practice or on ourclaims; economic, competitive, governmental, environmental andtechnological factors may affect the Company's operations,markets, products and prices; our specific plans and timing drilling,field work and other plans may change; we may not have access to or beable to develop any minerals because of cost factors, type of terrain,or availability of equipment and technology; and we may also not raisesufficient funds to carry out our plans. Additional risk factors arediscussed in the section entitled "Risk Factors" in theCompany's Management Discussion and Analysis for its recentlycompleted fiscal period, which is available under Company's SEDAR profileat www.sedar.com. No assurance can be given that any ofthe events anticipated by the forward-looking statements will occuror, if they do occur, what benefits the Company will obtain fromthem. These forward-looking statements reflect management'scurrent views and are based on certain expectations, estimates andassumptions, which may prove to be incorrect. Except as required bylaw, we will not update these forward-looking statement risk factors.Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this News Release.NOT FOR DISSEMINATION, RELEASE ORPUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICESCopyright (c) 2026 TheNewswire - All rights reserved.