Graphano Energy Ltd (GELEF)

[Everything-EV]

Graphano Energy Announces Trading on OTCQB
and DTC Eligibility of its Common Shares

Vancouver, British Columbia, January 19, 2022 – Graphano Energy Ltd. (TSXV: GEL, OTCQB:
GELEF, FSE: 97G0) (the "Company" or “Graphano Energy”) is pleased to announce that its common
shares have qualified to trade on the OTCQB® Venture Market (“OTCQB”) and will commence trading
today under its existing symbol of “GELEF”. The Company upgraded to OTCQB from the Pink® Open
Market. In addition, the common shares of the Company will continue to trade on the TSX Venture
Exchange under the symbol “GEL”.

The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the
premier marketplace for early-stage and developing U.S. and international companies. To be eligible for
quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification
and management certification process. Companies must also meet a minimum bid price test and other
financial conditions. Recognized by the U.S. Securities and Exchange Commission as an established public
market, the OTCQB provides investors who cannot access trading on the TSX Venture Exchange with an
alternative access to the Company’s shares though regulated U.S. broker-dealers.

$GELEF