Graphite Energy Corp. Samples Up to 22% Graphite at Lac Aux Bouleaux Graphite Property

(firmenpresse) - GRAPHITE ENERGY CORP. SAMPLES UP TO 22% GRAPHITE AT LAC AUX BOULEAUX GRAPHITE PROPERTY

Vancouver, B.C. (January 15, 2018) - Graphite Energy Corp. (CSE:GRE, OTC:GRXXF, FWB:G0A) (the Company) is pleased to announce it has received promising assay results from recently completed exploration work at its Lac Aux Bouleaux Graphite Property (the LAB Property). The results of 10 mineralized samples obtained during exploration work indicate graphite carbon (Cg) in the range of 2.20% to 22.30% with average 10.50% Cg. The results further confirm our teams initial thoughts of high grade flake graphite on the property and will warrant further exploration and drilling on the property.

Highlights of the results are:

- Confirmed presence of high grade large flake graphite at several locations with up to 22.3% Cg;
- Located a graphite pit with approximate dimensions of 50 metres x 30 metres x 10 metres indicating historical extraction of graphite from the LAB Property;
- Located tailing dam and and mill building on the LAB Property; and
- Several historical drill holes were found on the LAB Property which will provide the basis of further exploration work.

Table 1: LAB Property Exploration 2017 Rock Samples Details

Sample Location Date Sample Description Graphi
Number NAD 83 Sampl Type te
Zone ed (Cg)
18 %

EastiNorthi
ng ng

LAB-17-458275133722-Nov-Grab Quartzo Feldspathic18.20
01 9 3 17 rock Gneiss: brownish
sample grey, coarse to
from very coarse
an grained, shear
outcro zone, brecciated
p on with
Lac
Aux pegmatitic texture,

disseminated and
Bouleau flaky graphite
x 15-17 %, graphite
road flakes < 1mm to
south 4mm, graphite
of associated with
the
old sulphides. N-S
pit. orientation.

LAB-17-458285133802-Nov-Grab Quartzo Feldspathic2.43
02 4 8 17 rock Gneiss: Yellowish
sample brown, coarse to
from very coarse
an grained, sheared,
outcro brecciated with
p
south pegmatitic texture,
of disseminated and
the flaky graphite
old 2-3 %, graphite
pit. flakes < 1mm to
4mm, calcareous
at places,
graphite
associated with

sulphides. N-S
orientation.

LAB-17-457245133964-Nov-Grab Quartzo Feldspathic19.70
04 7 1 17 rock Gneiss: Grey,
sample weathers brown,
from coarse grained,
a porphyritic
float. texture, 2-3 %
disseminated and
flaky graphite
along the
lineation, flake
size<
1mm.

LAB-17-458755134385-Nov-Grab Quartzo Feldspathic19.70
05 0 6 17 rock Rock:
sample
from Grey, weathers
an brown, iron
outcro stained, medium
p to thick bedded,
graphite
mineralization
along the bedding
planes and
fractures.

LAB-17-458955134625-Nov-Grab Quartzo Feldspathic12.70
06 5 9 17 rock Rock: Grey,
sample weathers brown,
from coarse grained,
an thick bedded to
outcro massive, graphite
p mineralization
along lineation &
bedding
planes.

LAB-17-458995134595-Nov-Grab Quartzo Feldspathic2.42
07 8 5 17 rock Rock: Grey,
sample weathers brown,
from coarse
an
outcrograined, thin to
p medium bedded,
thin quartz
veins, graphite
disseminated in
the rock and
concentrations
along the bedding
planes, joints
surfaces and
fractures.

LAB-17-4589551345515-NovChannel0.75m: Quartzo Feld2.20
10 5 3 -17 samplespathic Rock;
cut Grey, greenish
in an grey, coarse
outcro grained, thin to
p east medium bedded,
of micaceous, iron
Trench stained,
2 ferruginous
start material along
point. the bedding
planes,

qtz veins,
graphite
disseminated in
the rock and
concentrations
along the bedding
planes.

LAB-17-4587551343817-NovGrab Quartzo Feldspathic22.30
12 0 6 -17 rock Rock:
sample
from Grey, weathers
an brown, iron
outcro stained, medium
p to thick bedded,
graphite
mineralization
along the bedding
planes and
fractures, 3-4 cm
thick graphite
accumulation with
at least 15%
graphite along
the bedding with
flakes < 1mm to
4mm.


LABAB-T 16-NovTrench Rock Unit 1: Quartz2.30
R1-17-0 -17 LAB-TRo
2 1 -Feldspathic Rock;
sample grey with
, greenish tinge,
appare weathers rusty
nt brown, micaceous,
width med to coarse
1.19 grained, very
m and coarse grained at
true places, thin to
width med bedded,
one occasionally
meter thick bedded to
massive, iron
stained, 1-2 %
graphite
disseminated in
the rock,

sulphide deposition
along the bedding
planes with 2-3 %
graphite flakes,
flakes < 1mm to
3mm, rare

qtz veins at
places.


LABAB-T 16-NovTrench Quartzo-Feldspathic3.01
R2-17-2 -17 LAB-TR Rock; grey, thick
0 2 bedded to
sample massive, hard,
cut iron stained,
across 2-3%
one-me graphite
ter

width
Average graphite percentage 10.50

The exploration work was completed from November 1 -20, 2017, and included prospecting, trenching and channel sampling, limited geological mapping of the area of historical exploration work, and sample assays. Graphite mineralization and rock outcrops were also exposed by digging two east west trenches over geophysical survey conductors identified during 2015 survey by previous operators. In order to understand local geology and mineralization trends, a total of 82 samples including seven field duplicates were collected from rock outcrops, mineralized areas and historical graphite pits. Another part of the exploration work was to check locations of historical drill holes, graphite pits, and geophysical survey areas.

The assay work was completed by SGS Canada Inc. laboratories, which is an independent ISO certified laboratory with its own quality assurance and quality control protocols (QA/QC), in Burnaby, BC. The analytical methods used to determine the results included double loss on ignition analysis (double LOI) and total carbon analysis by Leco using IR.

The technical information contained in this news release has been reviewed and approved by Martin Ethier géo (#1520), a Qualified Person, as defined in National Instrument 43-101. Mr. Ethier works as a consultant to the Company and all sampling was completed by or under his supervision. He is a Member of the Order of Geologists of Québec (OGQ).

About Graphite Energy Corp.
Graphite Energy Corp. is a Canadian-based issuer listed on the Canadian Securities Exchange. It is currently engaged in the business of exploration of mineral properties in Canada and holds the right to acquire a 100% interest, subject to certain royalties, in and to the Lac Aux Bouleaux Graphite Property located near the town of Mont-Laurier in Southern Quebec. The Lac Aux Bouleaux Graphite Property consists of 14 claims covering an area of 738.12 hectares. The Company's objective is to explore and, if warranted, develop the Lac Aux Bouleaux Graphite Property.

ON BEHALF OF THE BOARD OF
GRAPHITE ENERGY CORP

/s/ Afzaal Pirzada
Afzaal Pirzada
Director and Chief Executive Officer

For further information, please telephone: (604) 428-7050

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-looking Information
This news release may contain forward-looking information (as such term is defined under Canadian securities laws). While such forward-looking information is expressed by the Company in good faith and believed by the Company to have a reasonable basis, they address future events and conditions and are, therefore, subject to inherent risks and uncertainties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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Datum: 15.01.2018 - 10:10 Uhr
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News-ID 570879
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