Focus Graphite takes another big step towards production at Lac Knife

Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

Focus Graphite Files Environmental and Social Impact Assessment for the Lac Knife Graphite Project

OTTAWA, ONTARIO--(Marketwired - Dec. 1, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) ("Focus" or the "Company") is pleased to announce the completion and filing of an Environmental and Social Impact Assessment ("ESIA") for the Lac Knife Project located in northeastern Québec. Golder Associates completed the study and the report. This significant milestone is one of several initiatives underway that are contributing to the ongoing process of de-risking Lac Knife's Project development.

A Feasibility Study that demonstrates the technical and economical viability of the Lac Knife project was filed on August 8^th, 2014. Since then, the general site layout of the Feasibility Study was further optimized between July and October. This optimized site layout is included in the ESIA report and is being used to consult with communities including the Uashat mak Mani-Utenam ("ITUM") First Nation and community stakeholders in Fermont with respect to their sustainable development interests. The mine site layout and design will be refined further during the upcoming detailed engineering phase of the project.

The ESIA is the main document used to communicate and discuss details of the project to all concerned regulators and community stakeholders regarding the project's impact, risk mitigation, and potential benefits. The Lac Knife ESIA was filed with Québec's provincial authorities at the Ministère du Développement Durable, de l'Environnement et de la Lutte contre les Changements Climatiques ("MDDELCC").

The Company is working in collaboration with MDDELCC regarding the various permits required for developing the Lac Knife Project and this process will continue towards the objective of obtaining the final Decree from the government of Québec.

Don Baxter, President and Chief Operating Officer of Focus Graphite said: "We are very pleased to announce this significant milestone that furthers our sustainable development initiatives by integrating both social and environmental aspects of the Lac Knife project. This report is the result of several years of fieldwork and consultation with stakeholder communities in the area, and is an ongoing initiative. The Project team that we have assembled continues to deliver important milestones that continue to advance and de-risk the project. It is worth noting that this relatively low cost flake graphite mining project also has a very small carbon footprint compared to other graphite projects outside Quebec due to Hydro Québec's hydroelectric power that is a key economic and environmental variable for the project."
 
Worthy of mention is that the Lac Knife battery ready graphite project is a relatively small-scale mining operation with a relatively small footprint in a well-established mining district.
Following the Company's news release on May 27^th titled "Independent Test: Focus Graphite Succeeds in Producing Extremely High-Performing Coated Spherical Graphite For Lithium Ion Batteries", a Preliminary Economic Assessment of this second transformation into spherical graphite is planned. This study regarding value added products is not within the scope of the current Lac Knife project but it is now an integral part of the process for obtaining a mining lease. The Lac Knife concentrate would be further processed in a separate commercial scale production facility to manufacture spherical graphite.

Therefore, participation in this project offers the potential added value of this second transformation to spherical graphite used in Li-ion batteries that will help to enable the electrification of transportation and other green technologies as well as creating more jobs in the secondary transformation sector. These are key interests with respect to the Plan Nord in Québec. Both the mine site and the spherical graphite production plant would be powered by Hydro Québec's low cost and low carbon footprint sustainable energy sources.
Neither the capital expenditures or operational costs nor the potentially higher margins associated with the second transformation of graphite concentrate into spherical graphite products are included in Lac Knife's current project economics.
The positive Feasibility Study for the Lac Knife Project covers a 25 year mine life based on 7.86 million tonnes (429,000 tonnes Proven and 7,428,000 tonnes Probable) of Proven and Probable Reserves grading 15.13%Cg. The project has the potential to become a low cost high quality battery ready graphite producer with an internal rate of return of 30.1% before-tax (24.1 after-tax) based on an average value of $1,713 per tonne of high carbon content concentrate (base case). The payback period is estimated at 3 years. 

Qualified Person
The technical information in this news release was prepared, reviewed and approved by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines.

About Focus Graphite
Focus Graphite Inc. is an emerging mining development company with an objective to produce value added products initially for the lithium ion battery market from the Lac Knife graphite deposit located south west of Fermont, Québec. The Lac Knife project hosts a NI 43-101 Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes (432,000 tonnes Measured and 9,144,000 tonnes Indicated) grading 14.77% graphitic carbon (Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tonnes grading 13.25% Cg. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. The Feasibility Study filed with SEDAR on August 8, 2014 for the Lac Knife Project indicates the project is economically viable and has the potential to become a low cost graphite producer based on 7.86 million tonnes (429,000 tonnes Proven and 7,428,000 tonnes Probable) of Proven and Probable Reserves grading 15.13 Cg. On May 27, 2014 the Company announced the Potential for High Value Added Sales in the Li-Ion Battery Sector following battery coin cell tests performed on Lac Knife Spherical Graphite ("SPG"). Testing measured the performance metrics and confirmed Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications. Focus Graphite is a technology-oriented enterprise with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
Forward Looking Information
This News Release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the Company in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; and (xvii) the risk of potential dilution through the issue of common shares.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information

Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Berkwood Resources MAG and TDEM surveys indicate 3 km and 1.8 km trends for Graphite near Mason's advanced property

Berkwood Resources Ltd. (TSX.V: BKR) ("Berkwood" or the "Company") is pleased to announce preliminary results of a helicopter-borne magnetic (MAG) and time-domain electromagnetic (TDEM) survey recently completed over its Lac Guéret South Graphite Property (“the Property”), in northeast Quebec. The high-resolution geophysical survey, comprising 413 linear kilometres with a line spacing of 200 metres, was performed by Prospectair Geosurveys Inc. of Gatineau, Quebec and outlined several good conductors. The results were processed and interpreted by Dubé Geoscience of Ottawa, Ontario. The survey successfully delineated an electromagnetic (EM) anomaly along a 1.8 kilometre trend, including a large circular conductive anomaly with a diameter of approximately 900 metres. Additional targets defined by the survey, within the Lac Guéret South Graphite Property, include a strong bedrock conductor, 3 km in length, situated at the Property’s northern border with Mason Graphite’s advanced Lac Guéret Property. Preliminary analysis indicates that the anomalies are likely strong bedrock conductors which have electromagnetic Z component channels response consistent with a potential graphitic source. Geophysical analysis recommends the next course of action to be follow-up ground geophysics in the form of the PhiSpy ground TDEM system to better define the conductive source positions and their extents in order to guide precision prospecting, trenching and drilling in spring and summer 2015. The newly generated exploration targets increase Berkwood’s confidence that there is significant potential to discover new mineralized zones, which could enhance the value of Berkwood’s Graphite property portfolio. Brian Buchanan CEO & Director of Berkwood Resources stated “We consider the initial results to be very encouraging, furthering our objective of discovering and defining graphite targets in the newly acquired Lac Guéret South Graphite Property, which should allow us to quickly advance exploration on the project.” Alain Berclaz, P.Geo a consultant to the Company and a Qualified Person under the definition of Canadian National Instrument 43-101, approved the technical information in this news release. To view details, maps and photos of Berkwood’s Graphite properties please click here.

About Berkwood Resources: Berkwood has an option to earn a 100%-interest in the recently acquired 5,788 ha Lac Guéret South Graphite Property, located in northeastern Quebec. The Lac Guéret South Graphite Property borders the southern boundary of Mason Graphite’s Lac Guéret Project which has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 50 million tonnes grading 15.6% Cgr (including 6.6 million tonnes grading 32.4% Cgr).  Berkwood also holds a 100% interest in the Lac Guéret East Graphite Property which is adjacent to the eastern boundary of Mason Graphite’s Lac Guéret Property. Berkwood’s Lac Guéret East and South Graphite Properties share a similar geological environment to Mason Graphite`s Lac Guéret Property including along strike stratigraphic units and structures. Berkwood also holds a 100% interest in the Prospect Valley Gold Property near Merritt, BC.  Several areas of gold mineralization have been identified on the 10,871 Ha property. The majority of historic drilling has taken place in the centre of the claim block along the Discovery Trend. This drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization. The system remains open for expansion and other known zones of gold mineralization have yet to be drilled (see Berkwood news release dated January 25, 2012, for details). If you are not currently on the Berkwood Resources email list, please visit our website by clicking here to opt-in to the list. The Company will send out regular updates and news releases to everyone who asks to be on the list. For additional information please contact: Karim Sayani, Corporate Communications Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com Tom Steer, Corporate Development Tel: (604) 681-7455 E-mail: tomsteer@berkwoodresources.com On Behalf of Berkwood Resources Brian Buchanan, President and Director   This Berkwood News Release contains certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement. The Mason Graphite NI 43-101 mineral resource estimate was sourced from the Mason Graphite news release dated July 29, 2014. The Qualified Person has been unable to verify the information contained within the Mason Graphite news release and the mineralization on the Mason Graphite property is not necessarily indicative of the mineralization on the Company’s property.   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Graphite bulk sample of 29% cg being tested by Mason Graphite

Mason Graphite Initiates Pilot Plant Testing on a 60 Tonne Bulk Sample at 29% Cg

MONTREAL, QUEBEC--(Marketwired - Oct. 21, 2014) - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to announce that a pilot plant test for the Lac Gueret graphite project has been initiated at COREM's research facility in Quebec City. The operations are under the supervision of engineering firm Soutex, also based in Quebec City.
The pilot program is planned to operate for a six week period, during which COREM will test a bulk sample of approximately 60 tonnes of graphite mineralization obtained from Mason Graphite's Lac Gueret property, located in northeastern Quebec. The average head grade of the bulk sample is 29.1% Cg. The pilot program is designed to test the concentration process developed at the laboratory level by Mason Graphite, COREM and Soutex.

Samples collected during the pilot will serve multiple purposes, including:

--  Testing of additional processing technologies;
--  Characterization for the upcoming environmental impact assessment;
--  Testing to create value added products such as spherical graphite used
    in lithium-ion batteries (these tests will be part of a complete
    technical study program for value added graphite products); and
--  Testing with key potential customers.

The results of the pilot plant program will also be used for the upcoming feasibility study.
Qualified Person
Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical content of this press release.
About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Gueret graphite property, located in northeastern Quebec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes grading 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes grading 30.5% Cg, in the Inferred category (see press release dated December 5, 2013). Excellent potential exists for further mineral growth. A Preliminary Economic Assessment (PEA) study was completed on a 7.6Mt mineral resource estimate from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report entitled "Technical Report on the Mineral Resources Estimation Update 2013, Lac Gueret Graphite Project, Quebec, Canada" issued on January 17, 2014). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoit Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO of Stratmin Graphite, the only graphite mine in North America; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.

Stay Connected:

Twitter: @MasonGraphite

Facebook: /MasonGraphite

Cautionary Statements

This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.
The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
info@masongraphite.com
www.masongraphite.com


Simon Marcotte
Vice-President Corporate Development
+1 (416) 861-5822


Benoit Gascon
President & CEO
Head Office (Greater Montreal)
3030 Le Carrefour blvd. Suite 600
Laval QC H7T 2P5


Toronto Office
65 Queen Street West, Suite 800
Toronto, ON M5H 2M5




Source: Mason Graphite Inc.

Mason Graphite CEO "pleased" with new drill results

Mason Graphite Reports High Grade Intercepts from Infill Drilling in the GC Zone, Including 27 Meters at 40.3 % Cg, and Announces the Appointment of a New Director of Sustainable Development

Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG; OTCQX: MGPHF) is pleased to report the second batch of assay results from the 2013-2014 drilling program at its Lac Guéret project in northeastern Quebec. The drill program consisted of 97 holes totaling 15,108 metres and was designed to pursue three objectives:

• to explore for mineral extensions to the North-East and beyond the defined resource envelope of the GC Zone (18 holes totaling 2,085 metres) – Results previously reported in the press release dated July 29, 2014;
• to explore for mineral continuity within the defined resource envelope of the GC Zone (68 holes totaling 11,323 metres); and
• to conduct exploration drilling on graphite showings on the property located beyond the areas where drilling had previously been conducted (11 holes totaling 1,700 metres).

This press release reports assay results from drilling conducted in the GC zone. The remaining drilling results will be reported in upcoming communications.

Results Confirm Presence of High Grade Areas in the GC Zone

"We are very pleased that these new results confirm the continuity of the mineralization within the GC zone. Furthermore, we continue to obtain high graphite grades, which supports our belief in the exceptional quality of the Lac Guéret property. These latest results will be combined with those from the North-East extension to update our resource estimate, which is expected to lead to the upgrade of the resource categories and to also allow for the optimization of the mining plan during our Feasibility Study.” said Benoit Gascon, President and CEO of Mason Graphite.

Drilling was performed in a quincunx pattern, with new holes drilled roughly in the middle of four (4) existing holes, resulting in an average distance of 35 metres between holes. The former drilling followed a grid pattern, with average spacing of 50 x 50 metres.

Intercept highlights from drilling conducted inside the PEA open pit envelope in the GC Zone include:

• Hole LG-403 intersected 76 metres at 27.5 % Cg, including 38 metres at 39.3 % Cg;
• Hole LG-421 intersected 46 metres at 28.7 % Cg, including 27 metres at 40.3 % Cg;
• Hole LG-424 intersected 86 metres at 32.7 % Cg, including 73 metres at 36.1 % Cg; and
• Hole LG-471 intersected 50 metres at 23.9 % Cg near the surface (4 metres), including 21 metres at 37.4 % Cg.

Intercept highlights from drilling conducted outside the PEA open pit envelope in the GC Zone include:

• Hole LG-420 intersected 42 metres at 24.6 % Cg, including 17 metres at 34.7 % Cg near the surface (7 metres);
• Hole LG-439 intersected 58 metres at 20.2 % Cg, including 14 metres at 36.6 % Cg;
• Hole LG-455 intersected 202 metres at 21.6 % Cg, including 3 intersections of 17, 24 and 46 metres at 30.7 % Cg to 33.3 % Cg, respectively;
• Hole LG-458 intersected 91 metres at 25.3 % Cg, including 30 metres at 40.8 % Cg; and
• Hole LG-463 intersected 130 metres at 26.7 % Cg, including 57 metres at 39.0 % Cg.

Table 1 – Most relevant drill results from the GC Zone, inside the PEA Pit Envelope
Follow this link to view table: http://bit.ly/1BSy1m4

Table 2 – Most relevant drill results from the GC Zone, outside the PEA Pit Envelope
Follow this link to view table: http://bit.ly/1uC1PTJ


Appointment of Director of Sustainable Development

Mason Graphite is also pleased to announce that Mrs. Jacqueline Leroux, Eng. has joined its management team as Director of Sustainable Development. Mrs. Leroux has worked for two major mining projects in the province of Quebec (Project BlackRock and Project Éléonore) where she was in charge of sustainable development, various environmental studies and social relations. She successfully conducted the permitting processes for both projects. Her experience is expected to be invaluable to the development of the Lac Guéret project.

About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes grading 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes grading 30.5% Cg, in the Inferred category (see press release dated December 5, 2013). Excellent potential exists for further mineral growth. A Preliminary Economic Assessment (PEA) study was completed on a 7.6Mt mineral resource estimate from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report entitled “Technical Report on the Mineral Resources Estimation Update 2013, Lac Guéret Graphite Project, Quebec, Canada” issued on January 17, 2014). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoît Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.
Qualified Persons/Quality Control and Assurance

Yves Caron, P. Geo., Mason Graphite's Director of Exploration and Geology and a Qualified Person as defined by National Instrument 43-101, supervised the drill program and has reviewed and approved the geological scientific and technical content of this press release.

Jean L’Heureux, Eng., Mason Graphite's Executive Vice-President Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the metallurgical scientific and technical content of this press release.

Analyses for this drilling campaign were carried out by AGAT Laboratories Ltd. in Mississauga, Ontario, a company independent from Mason Graphite, exercising a thorough Quality Control and Assurance program (QA/QC) with Mason Graphite personnel inserting one blank, two standards and one duplicate every 100 samples. AGAT Laboratories is an accredited analytical laboratory. Carbon as graphite ("Cg") assays reported in this press release were obtained by using the LECO analytical technique ASTM E1915-07A with a detection limit of 0.01% Cg. Drill holes were sampled over an average of 1.5 metre intervals.


Stay Connected:
Twitter: @MasonGraphite
Facebook: /MasonGraphite

For more information about Mason Graphite, visit www.masongraphite.com or contact Investor Relations at info@masongraphite.com.

Simon Marcotte, Vice-President Corporate Development
+1 (416) 861-5822

Benoît Gascon, President & CEO

Head Office (Greater Montreal)
3030 Le Carrefour blvd. Suite 600
Laval QC H7T 2P5

Toronto Office
65 Queen Street West, Suite 800
Toronto, ON M5H 2M5

Cautionary Statements
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.

The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lomiko Metals drilling for more Graphite in Quebec

Drill Permit Issued for Lomiko's La Loutre Crystalline Flake Graphite Property in Quebec 
 by Marketwire

Lomiko Metals Inc. ("Lomiko") (TSX VENTURE: LMR)(PINKSHEETS: LMRMF)(FRANKFURT: DH8B) and Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE: CJC)(FRANKFURT: YXEN)(OTCBB: CJCFF) are very pleased to announce that a drilling permit for the La Loutre Crystalline Flake Graphite Property has been issued which allows for up to 29 drill holes. On September 23, 2014 Lomiko optioned 40% interest in the La Loutre Crystalline Flake Graphite Property located in Quebec last month. A full set of results was reported in that news release.

The goal of the exploration program is to identify high-grade, near-surface graphite mineralization suitable for conversion to battery-grade graphite. The graphite industry could see exponential growth based on new demand for lithium-ion batteries, which use 10 to 15 times as much graphite as lithium.
Telsa Motor Cars and Panasonic announced a new Lithium-ion Giga-factory in Nevada which is estimated to double the yearly supply of Li-ion batteries by 2020. Currently, synthetic graphite with consistent carbon purity of 99% or more is used in Li-ion batteries. This effects the graphite market in two ways. One, the price of synthetic graphite is likely to increase based on increased demand for all graphite products. Two, if a natural, cost-effective source of consistently high carbon purity graphite is derived from a property, groups such as Telsa could use the material directly in their batteries.

Of particular interest to Lomiko was an area of the property which reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite. 

Graphite grab sample assay results derived from a recent sampling and mapping program on the has confirmed a graphite bearing structure covering an area approximately 7 kilometers by 1 kilometer with results of up to 22.04% graphite in multiple parallel zones of 30-50 meters wide. Another area has also been identified covering approximately 2 kilometers by 1 kilometer in multiple parallel zones of 20-50 meters wide which includes results up to 18% graphite. Grab samples are selective by nature and are unlikely to represent the average grade of a deposit. The drilling program is designed to test these areas.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Lomiko Metals Inc.
A. Paul Gill
Chief Executive Officer
604-729-5312
info@lomiko.com
www.lomiko.com

SOURCE: Lomiko Metals Inc.

Focus Graphite Files Lac Knife Graphite Project Feasibility Study Technical Report

August 2014

Weighs lower-cost options for tandem financing of mine/plant and purification facilities for high value "battery grade" graphite production

OTTAWA, ONTARIO--(Marketwired - Aug. 8, 2014) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) sole owner of the Lac Knife, Quebec high purity graphite deposit announced today that the Feasibility Report prepared in accordance with National Instrument 43-101and with form 43-101F1 will be filed under the Company's SEDAR profile on Friday August 8^th, 2014 at www.sedar.com and on Focus' website (www.focusgraphite.com).

The Feasibility Study was prepared by Met-Chem Canada Inc. with contributions from AGP Mining Consultants, Journeaux Associates and Golder Associates.
Don Baxter, Focus' President and Chief Operating Officer said: "With the Feasibility Study now completed, we continue to de-risk the project by focusing on key, near to mid-term milestones, including: detailed engineering, project financing, and the permitting process.
"In particular," he added, "the Feasibility Study opens the door to another level of available financing.
"We are evaluating options to secure project financing that will enable us to advance the Lac Knife mine and plant construction."
Mr. Baxter said discussions with potential offtake partners are ongoing and will complement the existing 10-year offtake signed in December, 2013.
The highlights of the Feasibility Study, as reported June 25, 2014:

Table 1
Lac Knife Feasibility Results (Pre-Tax)		Base Case		2016 Forecast		Units
Average Price / Tonne of Concentrate:		$1,713		$2,256		US$
Internal Rate of Return (IRR)		30.1		41.8		%
Net Present Value @ 6% Discounted Cash Flow		510		809		$ million
Net Present Value @ 8% Discounted Cash Flow		383		624		$ million
Net Present Value @ 10% Discounted Cash Flow		291		488		$ million
Payback Period		3.0		2.1		Years
Lac Knife Feasibility Results (After-Tax)		Base Case		2016 Forecast		Units
Internal Rate of Return (IRR)		24.1		32.8		%
Net Present Value @ 6% Discounted Cash Flow		304		476		$ million
Net Present Value @ 8% Discounted Cash Flow		224		364		$ million
Net Present Value @ 10% Discounted Cash Flow		165		280		$ million
Payback Period		3.2		2.4		Years
All monetary values are in Canadian Dollars ("CDN") except where specified otherwise

Of note is that average prices used in the financial model do not include value added products produced using the typically lower valued finer natural flake graphite.
Background:
The Feasibility Study was conducted with engineering and estimation methods appropriate to target an accuracy of 15% that is standard and realistic for capital and operating cost estimates for this level of study, that is required prior to detailed engineering, and well beyond the +/- 30% accuracy of a Preliminary Economic Assessment (PEA). Based on an extensive risk review exercise the contingency is 11.5%. Capital Expenditures in Table 2 itemize cost requirements for mine construction, processing plant, power line and all associated infrastructure estimated at $165.55 million.

Table 2
Lac Knife Capital Expenditure - Cost Centers		CDN$ millions
Mine equipment, infrastructure, and pre-stripping		4.21
Infrastructure		11.62
Primary Crushing		7.02
Concentrator		62.24
Environmental and Tailings Management		8.22
Additional Infrastructure		15.4
Indirect Costs		39.77
Contingency (11.5%)		17.07
Sub Total		165.55

The company is continuing discussions with vendors to define financing packages for equipment. The company's aim is to reduce up front capital and add to the basket of financing options currently being investigated. Discussions and due diligence continue regarding Supply Chain Financing ("SCF") based on the offtake agreement signed in December, 2013 for a minimum of 50% of Lac Knife's production over the life of a 10-year agreement. SCF is a non-dilutive alternative to equity financing and is less encumbering than traditional debt, or royalty financing.

Future off-take agreements will contain a financial component. This project-financing alternative could include equity and low interest debt as well as a signing bonus to execute an offtake agreement. The various options discussed above have the potential to enhance future project economic evaluation metrics, and the company continues these discussions with several interested parties.
Qualified Persons
The technical information within this news release was approved by Project Leader Mary-Jean Buchanan Eng., and Jeffrey Cassoff Eng., Lead Mining Engineer, and Ewald Pengel P. Eng., Senior Metallurgist, who was responsible for concentrator design, of Met-Chem Canada Inc. all Qualified Persons under NI 43-101 guidelines and independent of the issuer. Pierre Desautels, P.Geo., of AGP Inc. completed the NI- 43-101 Mineral Resource Estimate and is independent of the issuer.
The technical information in this news release was prepared by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines, who has reviewed and approved the technical content of this news release.
About Focus Graphite
Focus Graphite Inc. is an emerging mining development company with an objective to produce value added products initially for the lithium ion battery market from the Lac Knife graphite deposit located south west of Fermont, Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes grading 14.77% graphitic carbon (Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tonnes grading 13.25% Cg. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. The Feasibility Study filed with SEDAR on August 8, 2014 for the Lac Knife Project indicates the project is economically viable and has the potential to become a low cost graphite producer based on 7.86 million tonnes (429,000 tonnes Proven and 7,428,000 tonnes Probable) of Proven and Probable Reserves grading 15.13 Cg. On May 27, 2014 the Company announced the Potential for High Value Added Sales in the Li-Ion Battery Sector following battery coin cell tests performed on Lac Knife Spherical Graphite ("SPG"). Testing measured the performance metrics and confirmed Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications. Focus Graphite is a technology-oriented enterprise with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operation of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information

Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Graphite news - Lomiko Metals - to Adopt Shareholder Rights Plan at October 30, 2014 AGM

 Marketwire Canada

LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") announces that its Board of Directors (the "Board") has approved the adoption of a shareholder rights plan (the "Plan"). The Plan is subject to the approval of the TSX Venture Exchange and shareholder ratification within six months of its adoption. The Corporation will seek shareholder ratification at its annual and special meeting of the shareholders scheduled to be held on October 30, 2014.

Lomiko is not adopting the Plan in response to any specific proposal to acquire control of its outstanding securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment of shareholders. The Plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid. 

The Plan has been designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for Lomiko's outstanding securities, and will provide the board of directors with additional time to assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best interests of all shareholders.


If ratified, the Plan will have an initial term which will expire at Lomiko's annual general meeting of shareholders to be held in 2017; the Plan may also be reconfirmed and extended at that annual general meeting and at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be available for viewing on SEDAR and may also be obtained from Lomiko subsequent to its 2014 annual general meeting of shareholders.

Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries. 

For more information on Lomiko Metals Inc., review the website at www.lomiko.com.
On Behalf of the Board of LOMIKO METALS INC.

A. Paul Gill, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT: Lomiko Metals Inc. A. Paul Gill 604-729-5312 info@lomiko.com www.lomiko.com
SOURCE: Lomiko Metals Inc.

Lomiko Metals discovers 23 new high grade graphite sites at Quatre Milles

Lomiko Metals Inc.

TSX VENTURE : LMR
PINKSHEETS : LMRMF
FRANKFURT : DH8B

July, 2014

Lomiko Announces Discovery of 23 New High Priority Magnetic Anomalies at Quatre Milles Flake Graphite Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 14, 2014) - LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (the "Company") reports Consul-Teck of Val-d'Or and consulting firm Dubé & Desaulniers conducted a combined Magnetic and Very Low Frequency Electro-Magnetic (VLF-EM) survey on the West Block of the Quatre Milles Project for a total of 209.6 linear km. The survey is part of an extensive and comprehensive exploration plan at Quatre Milles for the 2014 season.

The goal of the program is to identify high grade, near surface graphite mineralization suitable for conversion to battery-grade graphite. The graphite industry could see exponential growth based on new demand for lithium-ion batteries which use 10 to 15 times as much graphite as lithium.

Telsa Motor Cars announced, "As we at Tesla reach for our goal of producing a mass market electric car in approximately three years, we have an opportunity to leverage our projected demand for lithium ion batteries to reduce their cost faster than previously thought possible."

Lomiko is also an investor in Graphene 3D Lab as of November 22, 2013 which aims to pioneer the manufacturing of electronic devices using graphene 3D printing filament and graphene printers. Currently, there are 11,000 patented or patent-pending graphene technologies which will require graphene material.

Large companies such as General Electric, Lockheed-Martin and Samsung have confirmed their interest in Graphene uses. The graphite industry may see increased demand as a base material for the production of graphene. Lomiko will be able to participate in this new demand due to initial test results September 17, 2013 indicating graphite from Quatre Milles was converted to graphene oxide.

Previously reported drill results at Quatre Milles indicate extensive mineralization in the region. The Quatre Milles Project NI 43-101 Technical Report with all Phase I and historical drill hole results is available on the Lomiko web site. On March 13, 2014, Lomiko closed a financing for $ 5.5 million for the purposes of advancing the Quatre Milles Property and investing in technology.

In total, 88 VLF-EM conductors axis were identified. Of those, 23 new conductors are prioritized for further review. Conductors that are associated to magnetic anomalies are likely caused by pyrrhotite rich sulphide occurrences. However, most of the conductors do not show correlation with the magnetic signal and the strongest VLF-EM anomalies are thus possibly caused by graphite mineralization.

Lomiko will initially investigate the outlined anomalies by basic prospecting methods and follow-up with drilling at identified graphite zones. Strong magnetic anomalies that are not responding to the VLF-EM method also deserve further investigation. Sources identified as promising for mineralization discoveries could then be the object of resistivity/IP surveys that can be efficiently used to penetrate the ground at further depth and better image the geometry of conductive and chargeable sources.
Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

• 
  
  Lomiko Metals Inc.
  A. Paul Gill
  604-729-5312
  info@lomiko.com
  www.lomiko.com

Focus Graphite - full steam ahead for Lac Knife Project

Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

June 25, 2014 11:10 ET

Focus Graphite's Lac Knife Project's Benchmark Feasibility Study Reports

Highlights: $383 Million NPV; 30.1% IRR; Operating Costs of $441 Per Tonne

OTTAWA, ONTARIO--(Marketwired - June 25, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Company") is pleased to report the results of its Feasibility Study ("FS") for the Lac Knife Project performed by Met-Chem Canada Inc.
The study was based on a 25-year mine life that produced a Pre-tax Net Present Value ("NPV") of $383 million calculated at a discounted cash flow ("DCF") rate of 8% Pre-tax, the financial model has an Internal Rate of Return ("IRR") of 30.1% and a capital payback period of 3.0 years.
The after tax financial model has an NPV of $224 million calculated at a DCF rate of 8%, and with an IRR of 24.1% and a capital payback of 3.2 years. A National Instrument 43-101 technical FS report will be filed on SEDAR within 45 days of this news release.
"Lac Knife is a remarkable property by any Canadian or international standard," Gary Economo, Focus' Chief Executive Officer said. "As we have already demonstrated, Lac Knife provides us, and our shareholders, with a significant advantage. And that is: The ability to meet our customers' needs for quality products at competitive prices."
Don Baxter, Focus's President and COO said: "We are very pleased to have reached this significant milestone in the development of the Lac Knife Project. With the Feasibility Study in hand, an offtake with an end-user signed as well as battery tested spherical graphite, Focus has positioned itself as a leader in the graphite space, with no other company having reached this level of development."

Table 1
Lac Knife Feasibility Results (Pre-Tax)		Base Case		2016 Forecast		Units
Average Price / Tonne of Concentrate:		$1,713		$2,256		US$
Internal Rate of Return (IRR)		30.1		41.8		%
Net Present Value @ 6% Discounted Cash Flow		510		809		$ million
Net Present Value @ 8% Discounted Cash Flow		383		624		$ million
Net Present Value @ 10% Discounted Cash Flow		291		488		$ million
Payback Period		3.0		2.1		Years
Lac Knife Feasibility Results (After-Tax)		Base Case		2016 Forecast		Units
Internal Rate of Return (IRR)		24.1		32.8		%
Net Present Value @ 6% Discounted Cash Flow		304		476		$ million
Net Present Value @ 8% Discounted Cash Flow		224		364		$ million
Net Present Value @ 10% Discounted Cash Flow		165		280		$ million
Payback Period		3.2		2.4		Years
All monetary values are in Canadian Dollars ("CDN") except where specified otherwise

Results from the FS indicate that the Lac Knife Project is viable economically with a Base Case scenario that includes a concentrator production line rate of 44,300 tonnes of concentrate annually at an average mill feed rate of 323,670 tonnes per year of Mineral Reserves over a 25-year mine life. A concentrator availability of 93% was used for the study. The additional Measured, Indicated, and Inferred Resources will continue to be evaluated to develop the mid and long term growth profile for the Company.
Highlights:

• Reduced operating costs from $458 per tonne of concentrate to $441 per tonne within close range of the Updated PEA study released November 7th, 2013.
• Mining costs are 126.95 $/t of concentrate ($17.85 per tonne of ore) with the major component associated contract mining costs. Contract mining versus lower cost owner mining can be revisited with further evaluation of mine equipment leasing and associated owner's costs.
• Processing costs for the concentrator are, on average over the life of mine $239.37 per tonne of concentrate produced, based on yearly average processing costs of $33.66 per tonne of ore processed. The low cost hydroelectric power supplied by Hydro Quebec contributes to overall low production costs.
• Detailed engineering is planned to start in 2014 and further analysis of each of these cost components will continue during the detailed engineering stage.
• Life of Mine Plan resulted in an overall average strip ratio of 1.8 to 1 for 25 years.
• Average prices used in the financial model do not include value added products that can be produced using the typically lower valued finer natural flake graphite. These finer graphite concentrates can be further processed into value added products for the Lithium Ion battery market because of their high carbon content of 98% carbon and realize a higher margin for a reasonable capital investment and operating cost over and above those outlined in this release. Based on these results it has become an important objective to outline the scope of this secondary transformation project for electrifying transportation and for use by other lithium battery end users.

Today, the prices for the Lac Knife graphite concentrates average US$1,713 per tonne based on the size distribution and high carbon grade. Also included in the table above are the results using forecasted prices for 2016 where the average price for the same concentrates is estimated to increase to US$2,256 per tonne. These prices are estimated by Industrial Minerals Data of the UK, who are recognized in this field as an independent source of accurate, detailed information for the natural flake graphite market.
Met-Chem's financial model does not include potential value-added, purified, spheronized, and coated battery-grade graphite in its financial and operational calculations.
The exchange rate used is $0.91 US Dollars per Canadian Dollar. Table 1 provides the Net Present Values calculated at various discounted cash flow rates for the Base Case production scenario of 44,300 tonnes of graphite concentrate produced annually. The financial analysis in the FS study used the 24 month price of US$1,713 per tonne that is a weighted average for the various graphite concentrates that are classified by flake size and also valued by their carbon content.
The annual milling capacity is 323,670 tonnes per year to produce 44,300 tonnes of concentrate annually at a cost of $441 per tonne of concentrate. The concentrate will grade 97.8% Graphitic Carbon ("Cg") on average for a 25-year open pit mine life based on current open pit reserves. All graphite concentrate produced with flakes larger than 200 mesh contain more than 98% Cg.
The FS is based on the Pilot Plant test work run by SGS Mineral Services in Lakefield, Ontario, during the spring of 2013 and announced in a news release on August 21^st, 2013. The concentrator process flow sheet is based on standard flotation circuits followed by a series of polishing mills that upgrade the carbon content by cleaning impurities present in the ore that are generally found on the graphitic carbon flake surfaces of the Lac Knife mineralization. Pilot Plant recovery was 91%, full scale, consistent operations should improve on the mill process recovery. Flake size distribution is expected to increase in favour of larger flake as the full scale plant will start with a SAG mill which is better suited to mitigate flake damage as opposed to crushing and grinding methods used in the pilot plant.
Lac Knife is unique in that all natural flake graphitic concentrates produced with flake size above 200 mesh (75 microns) size are more than 98% Cg. This allows Focus to divert finer sized products that would typically be difficult to sell due their flake size to higher value added products such as spherical graphite for batteries due to the high carbon content of 98% carbon (See "Lithium Battery Coin Cell Test Results" below).
Proven and Probable Mineral Reserves:
The open pit design includes 429 kt of Proven Reserves and 7,428 kt of Probable Reserves for a total of 7,857 kt of Proven and Probable Mineral Reserves grading 15.13% Cg. The Mineral Reserves which account for mining dilution and ore loss are reported at a cut-off grade of 3.1% Cg. In order to access these reserves, 2,746 kt of overburden, 10,926 kt of waste rock and 231 kt of Inferred Mineral Resources must be mined. This total waste quantity of 13,903 kt results in a stripping ratio of 1.8 to 1. Table 2 presents the Lac Knife open pit mineral reserves that were estimated for the FS. The remaining Measured and Indicated Resources within the Lac Knife deposit will help to develop the mid and long-term growth profile for the company (See Table 5 for MRE).

Table 2
Lac Knife Open Pit Mineral Reserves
Category		Tonnage (kt)		Cg Grade (%)
Proven		429		23.61
Probable		7,428		14.64
Proven and Probable		7,857		15.13

A pit optimization analysis was carried out using the MS-Economic Planner module of MineSight^® which ran the Lerchs-Grossmann algorithm to determine the economic limits of the deposit. The analysis showed that the open pit design for the Feasibility Study should be based on a 25-year mine life that includes approximately 82% of the Measured and Indicated Mineral Resources.
The open pit design incorporates 10 m high benches and follows the pit slope recommendations from the 2014 geotechnical investigation. The pit is 700 m long and 400 m wide at surface and has a maximum pit depth of 100 m.
Mining will be carried out by a mining contractor who will use conventional open pit mining methods that include drilling and blasting followed by a hydraulic excavator loading a fleet of 46-tonne haul trucks. The mine will be operated seasonally (7 months of the year) and a front-end wheel loader will be used to feed the processing plant from an ore stockpile during the winter months.
The study was conducted with engineering and estimation methods appropriate to target an estimate accuracy of 15% that is standard and realistic for capital and operating cost estimates in a Feasibility Study. Based on an extensive risk review exercise the contingency is 11.5%. The Capital Expenditures in Table 3 outline what is needed to construct the mine, processing plant, power line and all associated infrastructure that is estimated at a total of $165.55 million.

Table 3
Lac Knife Capital Expenditure - Cost Centers		CDN$ millions
Mine equipment, infrastructure, and pre-stripping		4.21
Infrastructure		11.62
Primary Crushing		7.02
Concentrator		62.24
Environmental and Tailings Management		8.22
Additional Infrastructure		15.4
Indirect Costs		39.77
Contingency (11.5%)		17.07
Sub Total		165.55

The company is currently in discussion with vendors to define financing packages for equipment. This will result in a reduced up front capital and add to the basket of financing options currently being investigated. Another financing option currently under due diligence is Supply Chain Financing ("SCF") based on an offtake agreement signed in December 2013 for a minimum of 50% of Lac Knife's production. SCF is a non-dilutive alternative to equity financing and is not as encumbering as traditional debt, or royalty financing. Future off-take agreements will contain a financial component as well.
This project-financing alternative could include equity and low interest debt as well as a signing bonus to execute an offtake agreement. These options have the potential to enhance future project economic metrics, and the company continues to discuss with several interested parties on various options.

Table 4
Lac Knife Operating Expenditures (25 year average) Cost Centers		$/Tonne of Concentrate
Mining		126.95
Processing Costs (Concentrator)		239.37
General Administration Mine Site		74.70
Total Operating Costs		441.02

The operating costs per tonne of concentrate produced are $441 (See Table 4 below). This is an improvement over the updated Preliminary Economic Assessment (PEA) that showed $458 per tonne of concentrate produced. One key variable to low production costs is Lac Knife's project location giving relatively easy access to low cost hydroelectric power from Hydro Quebec at the intersection of the access road and Provincial Highway 389.
Permitting is well underway with the ESIA to be submitted by the end of the summer and the Mine Closure Plan is planned for submission mid-summer. Focus continues to communicate, meet, and listen to local communities and will be increasing these efforts now that the feasibility is completed and the impacts are known.
The National Instrument 43-101 ("NI 43-101") MRE was performed by Pierre Desautels of AGP Inc. and was announced January 28^th. It increased the Measured and Indicated Resources by 92% for the Lac Knife Deposit. The MRE is based on both the 2012 and 2013 additional exploration and definition drilling programs for a total of 92 holes, and 9,103 meters that successfully achieved the designed goal to upgrade the quality of existing Indicated and Inferred Resources to the Measured and Indicated Resource categories. This is in addition to 105 previous drill holes that totaled 9,217 meters.
Measured and Indicated Resources are estimated at 9.6 million tonnes grading 14.77% at a 3% Cg cut-off grade. Additionally there are 3.1 million tonnes of Inferred Resources at 13.25 % Cg using a 3% cut-off in this updated resource estimate presented in Table 5.

Table 5
Lac Knife Mineral Resource Estimate Categories		Tonnage (t)		Cg (%)		In situ Graphite(t)
Measured		432,000		23.66		102,000
Indicated		9,144,000		14.35		1,312,000
Measured + Indicated		9,576,000		14.77		1,414,000
Inferred		3,102,000		13.25		411,000

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. (See Table 2 above for Reserves).
Lithium Battery Coin Cell Test Results
On May 27^th, Focus Graphite announced it "Succeeded in Producing Extremely High-Performing Coated Spherical Graphite for Lithium Ion Batteries". The results from coin cell performance testing performed on Lac Knife Spherical Graphite ("SPG") produced outstanding performance metric results. The benchmark products have a typical irreversible capacity loss ("ICL") of 6-10% ICL. Lac Knife SPG showed two ICL test results measuring 1.01% and 1.44%, truly remarkable results. Essentially these battery performance tests illustrated that the Irreversible Capacity Loss ("ICL") was reduced by 75% compared to the benchmark products available in the market today.
These tests confirm Focus' capability to tailor lithium ion battery anode grade SPG and value added products to meet the most stringent customer specifications
Lac Knife anode SPG is unique in having such a low ICL performance metric, this could be attributed to the unique properties of the Lac Knife high carbon content concentrate that grades 98% C, even in the finer flake size concentrate products down to 200 mesh (75 microns) that are usually the most difficult products to sell. This holds the potential to allow Focus market access to significantly higher margin value added products with a finer grade lower cost product creating a unique opportunity.
"Commercially and competitively, these results open the door for Focus to confidently accelerate our plans to market and sell our battery grade, high margin products to potential partners and customers," said Mr. Baxter.
Qualified Persons
The technical information within this news release was approved by Project Leader Mary- Jean Buchanan Eng., and Jeffrey Cassoff Eng., Lead Mining Engineer, and Ewald Pengel P. Eng., Senior Metallurgist, who was responsible for concentrator design, all from Met-Chem Canada Inc., and all individuals that are Qualified Persons under NI 43-101 guidelines and all independent of the issuer. Pierre Desautels P.Geo. of AGP Inc. completed the NI 43-101 Mineral Resource Estimate report and is also independent of the issuer.
The technical information in this news release was prepared by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines, who has reviewed and approved the technical content of this news release.
About Focus Graphite
Focus Graphite Inc. is an emerging mining development company with an objective to produce value added products initially for the lithium ion battery market from the Lac Knife graphite deposit located south west of Fermont, Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes grading 14.77% graphitic carbon (Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tonnes grading 13.25% Cg. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. The feasibility study results released on June 25^th, 2014 for the Lac Knife Project indicated that the project is economically viable and has the potential to become a low cost graphite producer based on 7.86 million tonnes of Proven and Probable Reserves grading 15.13 Cg. On May 27, 2014 the Company announced the Potential for High Value Added Sales in the Li-Ion Battery Sector following battery coin cell tests performed on Lac Knife Spherical Graphite ("SPG"). Testing measured the performance metrics and confirmed Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications. This is a result of being a technology-oriented enterprise having a vision of building long-term, sustainable shareholder value. Focus also invests in the development of graphene applications and patents through Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
About Met-Chem Canada, Inc.
Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.
About Industrial Minerals-DATA
Industrial Minerals ("IM") Data-Graphite is a dedicated pricing and analysis service for the natural graphite market. Tracking over 40 different grades from around the world, IM Data's pricing database supplies up-to-date information which allows for tracking both current and historical trends as far back as 1988. Their analysts, based in London and Shanghai, collect information directly from the industry, providing exclusive insight and market intelligence. With up-to-date pricing data, market analysis and commentary, IM Data Graphite is the only independent source of accurate, detailed and independent information for the natural graphite market.
Forward Looking Statement
This news release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operation of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information

Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com