Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTCQB: MNXXF) (“ Manganese X” or the “ Company“) is pleased to provide an update regarding the proposed timing of the previously-announced statutory plan of arrangement with Graphano Energy Ltd. (“ Graphano“), to spin out its Lac Aux Bouleaux graphite property, located in the province of Quebec. The Company and Graphano are awaiting approval from the TSX Venture Exchange (“ TSXV“) for Graphano to list on the TSXV on a post-spin-out basis (tentative trading symbol GEL). Upon receipt from the TSXV, the Company will set a record date for the distribution of Graphano (“ GEL“) shares to shareholders of Manganese X, on the basis of one