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.

Focus Graphite Reports a 92% Increase in the Measured and Indicated Mineral Resource Categories at its Lac Knife Flake Graphite Project – to 9.6 million tonnes grading 14.77% Cg

OTTAWA, ONTARIO — (January 28, 2014) – Focus Graphite Inc. (TSX- V:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (“Focus” or the “Company”) is very pleased to announce an update of its National Instrument 43-101 (“NI 43-101”) mineral resource estimate for its 100%-owned Lac Knife graphite project, in northeastern Québec.

The resource estimate 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 categories. This is in addition to 105 previous drill holes that totalled 9,217 meters.

Measured and Indicated resources are now estimated at 9.6 million tonnes grading 14.77% Cg 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 1 below.

Table 1. Lac Knife Mineral Resource Estimate
@ 3.0 % graphitic carbon (“Cg”) cut-­‐off

Mineral resources are not mineral reserves and do not have demonstrated economic viability

Highlights

• Measured and Indicated mineral resources reported at a cut-off of 3.0% Cg increased in tonnage by 92% to 9.6 million tonnes grading 14.77% Cg compared to the previous estimate of 4.9 million tonnes grading 15.76% Cg reported at a cut-off of 5.0% Cg.
• Upgraded 432,000 thousand tonnes of Indicated resources to the Measured resource category grading an average of 23.66% Cg using a 3% cut-off grade.
• The updated resource estimate increased the in-situ Graphite content by 81%.
• The bulk of the 3.0 million tonnes previously classified as Inferred resource was successfully upgraded to the Measured and Indicated categories.
• Delineation of an additional 3.1 million tonnes of Inferred resources that is located within the southwest extension of the Lac Knife deposit.

As shown in Table 2 below, when comparing at the 5% Preliminary Economic Assessment (PEA) cut-off, the resource tonnage increased by 92% in the Measured and Indicated categories from 4.9 million tonnes grading 15.76% Cg in the PEA study to 9.5 million tonnes grading 14.86% Cg in this new update. This translated to an increase of 81% of in-situ graphite from 778,000 tonnes to 1.4 million tonnes in the Measured and Indicated categories.
In the Inferred resource category, the tonnage decreased by 2.0% from 3.0 million tonnes in the PEA study to 2.9 million tonnes in this resource update. The Inferred resource category average grade was reduced from 15.58% Cg to 13.75% Cg resulting in a reduction of 13.5% of in-situ graphite in this category from 467,000 tonnes down to 404,000 tonnes. These changes resulted from converting most of the 3.0 million tonnes of Inferred resources in the PEA study pit to the Measured and Indicated categories, and also by significantly extending the deposit to the south adding an additional 3.1 million tonnes of Inferred resources in the newly delineated South Central Zone which is still considered open in this direction by Focus (See Figure 1).
Another contributing factor was the reduction of the cut-off grade from 5% Cg in the PEA study down to 3% Cg in this update. The reduction in cut-off was driven by a higher selling price and higher concentrate grade.
Table 2. Sensitivity to cut-off change and comparison to previous estimate

The rounding of tonnes as required by NI43-101 reporting guidelines may result in apparent differences between tonnes, grade and contained graphite.
Figure 1. Isometric Representation of the major mineralized zones with resource constraining shell

Focus Graphite President and Chief Operating Officer Don Baxter stated: “We are very pleased to have further de-risked the Lac Knife project by increasing the quality and tonnage of the resource. This updated resource will be incorporated into a mineral reserve estimate in the feasibility study currently underway with Met-Chem.
“This announcement comes on the heels of our historic announcement of the signing of a 10- year off-take agreement with a Chinese industrial conglomerate, just as China announced it was shutting down approximately 20% of its flake graphite production in Shandong Province. This further illustrates the need for reliable, low cost, high quality graphite flake production outside of China,” Mr. Baxter said.
“Again, Focus is showing that it has strong potential to meet these growing needs, and the updated resource indicates the Lac Knife project could potentially produce high quality graphite flake over a significant mine life, he added”
The updated mineral resource is based on 197 diamond drill holes totaling 18,320 metres of historic and recent drilling. This includes 104 surface diamond drill holes totaling 10,337 metres completed by Focus Graphite since 2010.
Mineral Resources have been reported within a constraining pit shell at a cut-off grade of 3.0% graphitic carbon (“Cg”). Details on the mineral resource estimation procedures are given in the notes below.

Notes on Mineral Resource Estimation Methodology

• Mineral resources are estimated in conformance with the CIM Mineral Resource definitions referred to in NI 43-101 Standards of Disclosure for Mineral Projects. Pierre Desautels, P.Geo. Principal Resource Geologist of AGP Mining Consultants Inc. Qualified Person under NI 43-101 who is an independent of the Company, has prepared and authorized the release of the mineral resource estimates presented herein. Jeffrey Cassoff, Eng. Lead Mining Engineer of Met-Chem Canada Inc. and Qualified Person under NI 43-101 has reviewed the technical content of this News Release. This mineral resource estimate is an update of the resource estimated by Roche Limited Consulting Group effective December 5th, 2011 and later accepted (with a resource classification update) by RPA Consulting as part of a Preliminary Economic Assessment study dated October 30th, 2012.
• All drill holes are composed of diamond drill core that was sampled and assayed over the entire length of mineralized zones by sampling approximately 1.5 meter intervals. A QA/QC program was introduced during the 2010 drill program and was expanded during the 2012 and 2013 drill program to include the insertion of standards, duplicates, and blanks and check assays at a secondary laboratory.
• Specific gravities were determined at the IOS laboratory, located in Chicoutimi Quebec. A total of 5,133 specific gravity results exist in the database that was collected by IOS since the 2010 drill program. Due to the strong correlation between sulphur and the bulk density estimates, a density model was interpolated with the same parameters used for the sulphur model. The interpolated density model ranges from 2.64 g/cm3 to 3.05 g/cm3 averaging 2.81 g/cm3
• Detailed geological logging and sectional interpretations by Focus Graphite led to the development of a three-dimensional (3D) domain model based on lithology and grade boundaries. The wireframe modelling resulted in outlining three major mineralized zones with eight minor accessory zones. Grade is typically above 3% within the wireframes but was as low as 1% in local lower grade zones within high grade domains that were utilized in the variography studies, and in the grade interpolation constraints.
• For the treatment of outliers, each statistical domain was evaluated separately and no top cut was necessary. However, a search restriction of 30 x 30 x 30 meters was imposed on threshold values of 38% Cg in order to restrict the influence of the highest values during the interpolation process.
• The composite intervals selected were 3.0 metres in length.
• A 3D geological block model was generated using GEMS© software. The block model matrix size is 6 x 6 x 5 metres. Ordinary kriging was used for all domains with inverse distance and nearest neighbour check models. The interpolation was carried out in multiple passes with increasing search ellipsoid dimensions. Classification for all models was based primarily on the pass number, distance to the closest composite and the krige variance. The Measured classification was only retained in the area, in proximity to, the bulk sample pits. No adjustment to the classification was made for blocks interpolated primarily with historical holes since these were found to be adequate for resource modelling.
• The reported mineral resources are considered to have reasonable prospects of economic extraction. Met-Chem created a pit shell using the Lerchs-Grossman pit optimization algorithm and design parameters including costs, sales price, and the open pit mine, and concentrator operating parameters that were derived from theUpdated Preliminary Economic Assessment (see News Release dated November 7th, 2013) as well as typical regional cost estimates;
  
  
  • Selling Price: 2,000 $/t (FOB Sept-Iles);
  • Mill Recovery: 91.089%;
  • Concentrate Grade: 96.6% Ct;
  • Pit Slope: 45 degrees;
  • Mining Cost: 6 $/t mined;
  • Processing Cost: 40.61 $/t milled;
  • Transportation Cost: 25 $/t of concentrate;
  • Administration and Infrastructure Cost: 15 $/t milled.
• The resulting pit shell encompasses most of the estimated Measured, Indicated and Inferred Resources. The rounding of tonnes as required by NI 43-101 reporting guidelines may result in apparent differences between tonnes, grade and contained graphite.
• Mineral resources are not mineral reserves and 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 estimation 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 the Indicated or Measured mineral resource categories.

Lac Knife Project

The Lac Knife project comprises 57 map-designated claims covering 2,986.31 ha located in Esmanville Township (NTS map sheet 23B/11), 27 km south-southwest of the iron-mining town of Fermont, in the Côte-Nord administrative district of Québec. Focus acquired a 100% interest in the project in October 2010. A map showing the location of the Lac Knife project is available on the company’s website at www.focusgraphite.com.
The mineralization at Lac Knife is hosted in biotite-quartz-feldspar paragneiss and schist of the Nault Formation, in association with iron formations of the Wabush Formation. These are equivalent to the lower Proterozoic Labrador Trough rocks affected by the late Proterozoic Grenvillian orogeny. High grade metamorphism and folding associated with the Grenvillian orogeny has resulted in the formation of important concentrations of graphite dominated by value-enhanced large flakes.

Sampling, Assaying and QA/QC

The entire drill cores were logged at the Lac Knife camp and shipped to the IOS facilities in Chicoutimi for sample preparation. Two slabs of about 1/4 of the 4 inch diameter PQ core were sawed parallel on each side of the central axis of the core. One of the slabs was earmarked for geochemical analysis while the other slab was kept as a witness sample. Center parts of the core are kept for possible subsequent uses. The samples are mostly 1.5 m in length with variances from 0.5 m to 1.8 m). Slab samples were dried before processing for density measurement, crushing and grinding at the IOS sample preparation laboratory.
Once prepared, the samples were sent to the Consortium de Recherche Appliquée en Traitement et Transformation des Substances Minérales (“COREM”), an ISO/IEC 17025:2005 certified facility in Québec-City, for graphitic carbon (Cg) analysis using LECO high frequency combustion method with infrared measurement (internal analytical code LSA-M-B10 for graphitic carbon; ISO 9686:2004). For the measurement of graphitic carbon, the sample is pre-treated with nitric acid, placed in a LECO capsule and introduced in the furnace (1,380oC) in an oxygen atmosphere. Carbon is oxidized to CO2. After the removal of moisture, gas (CO2) is measured by an infrared detector and a computerized system calculates the concentration of graphitic carbon (% Cg). Total sulphur was also analyzed by LECO (code LSA-M-B41) (Table 1). For sulphur determinations, the sample is placed in a LECO capsule and introduced in the furnace (1,380oC) until sulphur is oxidized to SO2. After the removal of moisture, gas (SO2) is measured by an infrared detector and a computerized system calculates the concentration of total sulphur (% S).
Under the QA/QC program, about 10% of the samples were analyzed by COREM for total (code LSA-M-B45), organic (code LSA-M-B58), inorganic (code LSA-M-B11) and graphitic (code LSA-M-B10) carbon as well as for total sulphur. Duplicates of these samples were also sent to ACTLABS Laboratories in Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for graphitic carbon (code 5D – C Graphitic) and total sulphur (code 4F – S Combustion infrared detection) determinations and for 35 multi-element analysis using ICP methods (code 1E2 – Aqua Regia). IOS introduced standards, duplicates (sawing, crushing or grinding duplicates) and blank samples into each batch of core samples as part of the QA/QC program.

Qualified Persons

Benoit Lafrance, Ph.D., geo (Québec), Focus Vice-President of Exploration and Don Baxter, P. Eng., Focus President & Chief Operating Officer, both Qualified Persons as defined by NI 43-101 guidelines, have reviewed and approved the technical content of this news release. Pierre Desautels, P.Geo. Principal Resource Geologist of AGP Mining Consultants Inc. Qualified Person under NI 43-101 who is independent of the Company, has prepared and authorized the release of the mineral resource estimates presented herein. Jeffrey Cassoff, Eng., Lead Mining Engineer of Met-Chem Canada Inc. and Qualified Person under NI 43-101 guidelines has reviewed the technical content of the News Release.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tons grading 14.77% graphitic carbon (Cg) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tons grading 13.25% Cg of crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On November 7, 2013 the Company released the results of an updated Preliminary Economic Assessment (“PEA”) of the Lac Knife Project which indicated that the project has very good potential to become a graphite producer. As a technology- oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.

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 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 News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact:

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

Focus signs offtake agreement with Chinese Conglomerate for 10 years of Graphite production

press release

Dec. 19, 2013, 3:53 p.m. EST

Focus Graphite Signs Offtake Agreement for Lac Knife's Future Graphite Production

OTTAWA, ONTARIO, Dec 19, 2013 (Marketwired via COMTEX) -- Focus Graphite Inc. CA:FMS -1.85% (otcqx:FCSMF)(frankfurt:FKC) (the "Company") announced today it has entered into an offtake agreement for the future production from Lac Knife's graphite resource located 27 km southwest of Fermont, Quebec.

The strategic agreement for up to 40,000 tonnes per year of graphite concentrate and value added products was signed on December 19, 2013 by the Company with an industrial conglomerate, comprised of heavy industry, manufacturing and technology companies located Dalian City, Liaoning Province, China.

The 10-year agreement calls for the supply of up to 40,000 tpy of large, medium and fine flake graphite concentrate and value added graphite products from Focus Graphite's proposed Lac Knife, Quebec mining and processing facility.

The specific terms of the agreement, including pricing and renewal rights, are confidential for competitive reasons.

"On behalf of Focus Graphite we are extremely pleased to have completed our first offtake agreement. This agreement holds the potential for Lac Knife's future development," said Don Baxter, Focus Graphite's President and Chief Operating Officer.

"Not only is this offtake agreement the first of its kind in the graphite industry, it is significant in the fact that it encompasses the wide spectrum of Lac Knife's offerings in pioneering the sale of small flake to extra large flake and value added technology products," Mr. Baxter said.

"This agreement underscores our long-held commercial objective of competing in the China market," he added.

This agreement was completed in the absence of a Feasibility Study (currently underway) and there is no certainty the above objectives will be met.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Cote-Nord region of northeastern Quebec. The Lac Knife project hosts a NI 43-101 compliant Indicated Mineral Resource Estimate(i) of 4.9 million tons grading 15.8% graphitic carbon (Cgr) as crystalline graphite with an additional Inferred Mineral Resource Estimate(i) of 3.0 million tons grading 15.6% Cgr of crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Assessment ("PEA") of the Lac Knife Project which indicated that the project has a very good potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.

The technical information presented in this news release has been reviewed by Don Baxter Baxter, P.Eng, President and Chief Operating Officer of Focus Graphite Inc., and a Qualified Person under National Instrument (NI) 43-101 guidelines.

Forward-Looking Statement

This presentation 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 news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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

Mason Graphite reports 658% increase in measured and indicated mineral resources to 50 million tonnes, including 6.7 million tonnes grading 32.4% Cg15

(ED Note: Trading halt lifted on this stock)

    --  EXCELLENT PEA RESULTS MAINTAINED: FIRST 22 YEARS OF PRODUCTION
        AT 27.4% Cg AND LOW OPERATING EXPENSES AT $390/TONNE
    --  CONFERENCE CALL WILL BE HELD TODAY AT 2PM EST

Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG; OTCQX: MGPHF) is pleased to announce significant resource growth in an updated mineral resource estimate for its 100%-owned Lac Guéret graphite project in northeastern Quebec. 
 
Highlights from the updated mineral resource estimate

    --  Measured & Indicated ("M&I") mineral resources increased 658%
        from 7.6 million tonnes ("Mt") to 50 Mt
    --  Inferred mineral resources increased from 2.8 Mt to 11.9 Mt
    --  Overall M&I grade of 15.6% Cg; the main parameters of the
        preliminary economic assessment for the Lac Guéret project (the
        "PEA") are still valid: 22 years of production at 27.4% with a
        low stripping ratio at 0.76:1 and low operating costs at
        $390/tonne
    --  Enlarged mineral resource could lead to optimized pit design
        and improved economics

Large increase in Mineral Resources
The new mineral resource estimate, as calculated by Roche Ltd. Consulting Group ("Roche''), includes assay data from 170 holes (approximately 26,500 metres) drilled in the GC Zone and now totals 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 Table 1 below). The enlarged mineral resource envelope offers opportunities to further optimize the mine plan and the project's economics as set out in the PEA in the next phase of technical studies. 

"We are very pleased to see the success of our 2012 drilling program materialize in this updated mineral resource estimate", commented Benoît Gascon, President and CEO of Mason Graphite. "We expect the scale of growth of our project to positively impact what is already expected to be an economical project. Results from the Lac Guéret Project continue to reinforce our belief in the world-class potential of this asset."
Table 1 - December 5, 2013 - Updated Mineral Resource Estimate, GC Zone

 ________________________________________________________
|Categories   |            Unit    |    Tonnes|Grade (Cg)|
|_____________|____________________|__________|__________|
|                                                        |
|________________________________________________________|
|             |U1/U2 (5 to 25 % Cg)| 4,052,000|     13.4%|
|             |                    |          |          |
|Measured (M) |U3 (> 25 % Cg)      |   465,000|     33.8%|
|             |____________________|__________|__________|
|             |All units           | 4,517,000|     15.5%|
|_____________|____________________|__________|__________|
|             |U1/U2 (5 to 25 % Cg)|39,300,000|     13.0%|
|             |                    |          |          |
|Indicated (I)|U3 (> 25 % Cg)      | 6,207,000|     32.3%|
|             |____________________|__________|__________|
|             |All units           |45,507,000|     15.6%|
|_____________|____________________|__________|__________|
|             |U1/U2 (5 to 25 % Cg)|43,352,000|     13.0%|
|             |                    |          |          |
|M + I        |U3 (> 25 % Cg)      | 6,672,000|     32.4%|
|             |____________________|__________|__________|
|             |All units           |50,024,000|     15.6%|
|_____________|____________________|__________|__________|
|                                                        |
|________________________________________________________|
|             |U1/U2 (5 to 25 % Cg)| 9,224,000|     13.3%|
|             |                    |          |          |
|Inferred     |U3 (> 25 % Cg)      | 2,637,000|     30.5%|
|             |____________________|__________|__________|
|             |All units           |11,861,000|     17.1%|
|_____________|____________________|__________|__________|

Note:   A cut-off grade of 5% Cg was used for this mineral resource
        estimate.

        See additional notes on mineral resource estimation methodology
        at the end of this news release.

Excellent PEA Results Maintained
On April 22, 2013, Mason Graphite reported positive results in the PEA for the Lac Guéret project, which included 22 years of production at 27.4% Cg considering a strip ratio of 0.76:1 and operating costs of $390 per tonne. This technical study used data from the previous July 2012 mineral resource estimate, which covers only a small portion of the updated mineral resource area (see Figure 1).
The block model that was created for the mineral resource update was provided to Met-Chem Canada Inc. ("Met-Chem''), the firm responsible for the completion of the PEA. Met-Chem was able to verify and confirm that conclusions of the PEA are still relevant and valid for the updated model.
The Company expects the scale and grade of the new mineral resource to positively affect the project economics in the next phase of technical studies.
An updated NI 43-101 technical report outlining the procedures for estimation of the mineral resource estimate presented herein will be filed on SEDAR within 45 days of the date of this press release.
Future Mineral Growth Potential
The new mineral resource estimate is based on drill data from the GC Zone, which represents only one of two mineralized zones identified on the Lac Guéret property to date.
GC Zone A total of 170 holes totalling approximately 26,500 metres have been drilled in this area. The GC Zone has a strike length of approximately 1.2 kilometres and the new mineral resource estimate has almost doubled the width of the deposit to about 600 metres. The mineral envelope remains open in all directions and the company expects further growth with additional drilling.
GR Zone To date, only 18 holes totalling approximately 2,300 metres have been drilled in this zone, which is located less than one kilometre north of the GC Zone. The GR Zone is currently defined on an area spanning about 1 kilometre by 110 metres.
Mineral Resource Estimation Methodology
The Mineral Resource estimation for the GC Zone is based on geological observations and geochemical data modelization involving the following rock subdivisions: Unit 1 is defined by a content of 5-10 % Cg; Unit 2 by 10-25 % Cg; and Unit 3 by 25 % Cg or more. Waste has less than 5 % Cg. Units 1 and 2, appearing similar in texture, have been regrouped during the interpretation. Unit 2 now ranges from 5 to 25 % Cg.
The GC Zone database includes 4 channels sampled trenches (approximately 900 meters) in addition to 170 NQ size diamond core holes drilled prior to December 15(th), 2012 (approximately 26,500 meters) for a total of 18,182 samples.
Resources were classified as Measured, Indicated or Inferred based on information spacing and the confidence to the geological continuity of mineralization in accordance to the CIM guidelines. Only material located within a pit shell generated from an optimized mining scenario run under Whittle software is included in this mineral resources estimate. This scenario is assuming an overall pit slope of 45°, an operating cost of $69.00 US per tonne milled (including mining and milling costs), a 100 % mining recovery, no mining dilution and a conservative selling price of $1,525 US/tonne of concentrate at 93.7 % Cg.
Drill holes cross sections and plan views were interpreted to construct three-dimensional wireframe models using the geochemical analyses and geological descriptive logs with a nominal cut-off of 5% Cg under GEMS software. No capping value was applied to the assays. Assay intervals were composited to 3 meter lengths from the raw Cgr assay values and grades were estimated using ordinary Kriging. Search ellipsoids were defined in a plane that parallels the average bedding trend characterized by an azimuth of 50(o )and a plunge of 40(o). Anisotropy was interpreted in semi variogram and set to 60 meters along the x axis, 40 meters along the y and 50 meters along the z axis. The block model was defined by block size of 3 meters long by 3 meters wide by 3 meters thick, rotated 40 degrees counter clockwise in alignment to the main geological trend over a total of 425 columns, 265 rows and 110 level and covers a strike length of 960 meters to a maximal depth of 253 meters below the highest surface point. The final mineral resources which are located inside the optimised pit reach 205 meters below surface (maximum depth of optimised pit). From unit types, the following densities were assigned to the blocks: U1-U2 (5-25% Cg)= 2.94 g/cm3, U3 (>25% Cg)= 2.88 g/cm3, Waste (0-5% Cg)= 2.92 g/cm3.
The zone remains open in length and at depth.
Conference Call Details
A conference call will be hosted today, December 5, 2013, at 2:00 pm EST, by the senior management of the Company to discuss the new mineral resource estimate.
The dial-in numbers are:
+1 416 340 2216 (Toronto and International) +1 866 223 7781 (North American Toll Free)
There will be a replay of this call, which will last until end of day December 12, 2013. The replay call in numbers are 905-694-9451 (Toronto and International), or 800-408-3053 (North American Toll Free). The conference ID number 2808861 will serve as the password for the replay.
Quality Control and Assurance
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 are accredited ISO/IEC 17025 by the Standards Council of Canada (SCC). 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 meter intervals.
Control analyses were performed by Consortium de Recherche Appliquée en Traitement et Transformation des Substances Minérales (''COREM'') of Quebec City.
Qualified Persons
The resource estimate was prepared by Roche, a company independent from Mason Graphite. Edwards Lyons, P.Geo. from Tekhne Research, and Martin Perron from Roche, are independent Qualified Persons as defined by National Instrument 43-101. Mr. Lyons and Mr. Perron have reviewed and approved the technical information pertaining to the mineral resource estimate in this news release.
Mary-Jean Buchanan, Eng. M.Env., of Met-Chem Canada Inc., an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information pertaining to the PEA in this news release.
Yves Caron, P. Geo., M.Sc., Director of the Geology and Exploration for Mason Graphite, and Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President of Process Development, both Qualified Persons as defined by National Instrument 43-101, have 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 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 at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes at 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category. Excellent potential exists for further mineral growth. A Preliminary Economic Assessment study was completed on a historic 7.6Mt mineral resource 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 issued by the Company on June 6, 2013). 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; 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.
For more information about Mason Graphite, visit www.masongraphite.com or contact info@masongraphite.com.
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; * 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.
SOURCE Mason Graphite Inc.
Image with caption: "Figure 1 - GC Zone, Lac Guéret Project. (CNW Group/Mason Graphite Inc.)". Image available at: http://photos.newswire.ca/images/download/20131205_C7936_PHOTO_EN_34529.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2013/05/c7936.html
SOURCE: Mason Graphite Inc.

For more information about Mason Graphite, visitwww.masongraphite.com or contact:
Investor Relations info@masongraphite.com   Simon Marcotte, Vice-President Corporate
Development +1 (416) 861-5822   Benoît Gascon, President & CEO   Greater
Montreal Office 3030 Le Carrefour blvd. Suite 600 Laval QC H7T 2P5   Toronto Office
65 Queen Street West, Suite 800 Toronto, ON M5H 2M5

Flinders Resources moving ahead with Graphite production schedule

Flinders Resources Limited

TSX VENTURE : FDR

November 14, 2013 08:45 ET

Flinders Board Approves Production Plan for the Woxna Graphite Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Flinders Resources Limited ("Flinders" or the "Company") (TSX VENTURE:FDR) is pleased to provide an update on its production plan for the Woxna graphite project in Sweden (the "Woxna Project"). If successful the updated plan would permit Flinders to maintain its strategic advantage in becoming the first public company to produce graphite on a commercial scale.

Blair Way, President & CEO states, "After joining the Board and Management, my focus has been to transition Flinders from engineering work to re-establishing production at a capital cost within the Company's means. This would allow us to develop cash flow in the short term and form strong and lasting relationships with customers. We have reviewed all aspects of the recently published Preliminary Economic Assessment on the Woxna Project ("PEA") to define a staged implementation of the PEA. There is no material change to the PEA as it defines the path to production. The implementation plan allows for staged production rates and capital cost spending such that the initial startup requires less than half the total capital cost estimated in the PEA. The balance of the PEA capital cost will be invested in stages as sales and subsequent production levels demand. With more than CDN$11M in cash and zero debt, in combination with expected revenue from graphite sales from mid-2014, we believe the Company is well positioned to incrementally increase to production levels outlined in the PEA. Our aim is to be in production by the end of Q2 2014. With stabilized graphite prices, this is an exciting time for the Company and I look forward to providing regular updates on the progress at site."
The Company advises that it has not based its production decision on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved. Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.
The Company further cautions that the PEA is preliminary in nature. No mining study has been completed. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that the PEA will be realized.
The fully-permitted and past-producing Woxna Project remains unique in terms of the low startup capital, a high quality coarse graphite flake product and proximity to Europe, one of the world's dominant graphite markets. After the finalization of the PEA in October 2013, and deterioration in the capital markets, the challenge has been to initiate production at a capital cost within the Company's means.
The Flinders Board recently approved the staged production plan for commencing production of graphite from Woxna. This staged plan spreads the PEA capital cost over the next 4 years based as sales contracts are established but permits for lower production levels and costs until the sales warrant capacity expansion.
The open pit mine has been dewatered and is ready to put in service. The front end (grinding) and backend of the plant (drying/sorting/packing) are in serviceable condition, however the middle floatation section requires some additional equipment to enable optimized production according to the improved flow sheet defined in the PEA. Procurement of equipment (new and used) and design work has commenced. The Company currently exceeds all environmental statutory requirements and has established water balance control measures at site that will be upgraded to match the staged production plan to ensure all discharges are within environmental requirements.
The Company believes that the staged production plan will facilitate marketing of its products and allow the Woxna project to re-establish its former position as a key supplier of graphite to Europe. Flinders aims to position itself as the supplier of choice in terms of price, supply security and quality to the European graphite market. The production model being implemented will ensure the Company has developed an adequate customer base before ramping up to larger scale production and that the graphite products consistently meet end user specifications. Through the sale of reprocessed graphite over the last 12 months the Company has made substantial marketing in-roads and is confident the Woxna brand will continue to be well received throughout Europe.
Michael Hudson, FAusIMM, MSEG, MAIG, a director of the Company and a qualified person as defined under NI 43-101, has reviewed the scientific and technical disclosure in this news release.

On behalf of the Board,
Blair Way, President and CEO

Forward-Looking Information
Certain information in this presentation may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "Forward-Looking Statements"). All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are Forward-Looking Statements. Forward-Looking Statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could", or "might" occur or be achieved and other similar expressions. Forward-Looking Statements are based upon the opinions and expectations of the Company based on information currently available to the Company. Forward-Looking Statements are subject to a number of factors, risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the Forward-Looking Statements including, among other things, the Company has yet to generate a profit from its activities; there can be no guarantee that the estimates of quantities or qualities of minerals disclosed in the Company's public record will be economically recoverable; uncertainties relating to the availability and costs of financing needed in the future; competition with other companies within the mining industry; the success of the Company is largely dependent upon the performance of its directors and officers and the Company's ability to attract and train key personnel; changes in world metal markets and equity markets beyond the Company's control; mineral reserves are, in the large part, estimates and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized; production rates and capital and other costs may vary significantly from estimates; the Company's decision to restart production at the Woxna graphite project is based on historical production and the Company's preliminary economic assessment of the project and the Company has no plans to first complete a pre-feasibility or feasibility study on the project, as a result there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; all phases of a mining business present environmental and safety risks and hazards and are subject to environmental and safety regulation, and rehabilitation and restitution costs; the Company does not maintain insurance against environmental risks; and management of the Company have experience in mineral exploration but may lack all or some of the necessary technical training and experience to successfully develop and operate a mine.
Although the Company believes that the expectations reflected in the Forward-Looking Statements, and the assumptions on which such Forward-Looking Statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on Forward-Looking Statements, as there can be no assurance that the plans, intentions or expectations upon which the Forward-Looking Statements are based will occur. Forward-Looking Statements herein are made as at the date hereof, and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these Forward-Looking Statements.
Cautionary Note to United States Readers Concerning Resource and Reserve Estimates:
This release has been prepared in accordance with the requirements of the securities laws in effect in Canada which differ in certain material respects from the disclosure requirements of United States securities laws.
The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum's (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM. These terms are not defined terms under the United States Securities and Exchange Commission (the "SEC") Industry Guide 7 ("SEC Industry Guide 7") under the Securities Act of 1933 and normally are not permitted to be used in reports and registration statements filed with the SEC.
Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into "reserves" (as defined in SEC Industry Guide 7). "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of an economic analysis, except a preliminary economic assessment provided certain additional disclosure requirements are met. Readers are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC Industry Guide 7 standards as in place tonnage and grade without reference to unit measures.
Accordingly, information contained in this presentation and any documents incorporated by reference herein containing descriptions of our mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Contact Information

• 
  
  Flinders Resources Limited
  Jim Powell
  +1 647.478.5806
  info@flindersresources.com
  www.flindersresources.com

Focus Graphite Announces Updated Economic Results of Its 2012 Preliminary Economic Assessment

Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

November  2013

- IRR increases to 36.4% pre-tax and is 28.6% after-tax
- NPV $317 million pre-tax and $185 million after-tax on an 8% discounted cash flow basis
- Operating costs reduced by $367 per ton milled for purification costs to $68 per tonne milled
- Operating costs are now $458 per tonne of concentrate
- $28 million reduction in working capital associated to purification costs

OTTAWA, ONTARIO--(Marketwired - Nov. 7, 2013) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the results of an updated positive Preliminary Economic Assessment ("PEA") for its Lac Knife Graphite Project ("Lac Knife" or "the Project"). The Lac Knife property is located about 27 kilometers south west of Fermont, Quebec. This update is based on improved metallurgical results of the recent Pilot Plant test campaign using an optimized flotation and polishing circuit conducted at SGS Lakefield and announced on August 21^st, 2013.
The increase in concentrate grades and associated economic results were updated in the project cash flow summary and were validated by RPA Inc. in consultation with Soutex Inc. of Quebec City. Inputs updated in the financial model included: final concentrate average grade increase from 92% Ct to 96.6% Ct within the new flake size distribution categories, a reduction in operating cost by $367 per tonne milled, due to the elimination of the need to purify the concentrate by a third party and the associated $27,600,000 in working capital requirements. Pricing is based on "run-of mine" prices, without the value added price used in the original PEA financial model. The original report was filed on October 29^th, 2012.
The Lac Knife project has a pre-tax internal rate of return ("IRR") of 36.4% (28.6% after tax) and a pre-tax net present value of $ 316.9 million ($185.3 million after tax) in the base case using a weighted average price of US$1866 per tonne of run-of-mine concentrates. The cost of production is $458 per tonne of concentrate.
Highlights are summarized below:

	Pre Tax Value ($ millions)	After Tax Value ($ millions)
Net Present Value
8% discount rate	316.9	185.3
10% discount rate	250.1	143.3
12% discount rate	198.4	110.6
Capital Expenditure including a 25% contingency of $24m	125.95	125.95
Operating cost per tonne milled	$67.61	$67.61
Operating cost per tonne ofconcentrate produced	$458.20	$458.20
Pre-Tax IRR	36.4%	28.6%
Pre Tax Payback Period	2.4 years	2.8 years
Exchange rate	US$1.00 = C$1.00	US$1.00 = C$1.00
Strip Ratio	1.12	1.12

Don Baxter, P.Eng, President and Chief Operating Officer, stated: "The recent Pilot Plant results are key to the potential economic viability of Lac Knife. The results show that all flake concentrate above 200 mesh can be produced at 98% Ct thereby eliminating the need to use third party purification proposed in our original PEA study. Within the graphite community, most operations produce lower-grade fines that are difficult to sell. Lac Knife holds the potential to open new markets to Focus for small flake technology-grade graphite products.
"The updated PEA indicates that Lac Knife shows positive economic potential based on current run of mine prices for markets that are here today," Mr. Baxter said.
Focus CEO Gary Economo said: "With the recent excellent metallurgical results from the Lac Knife Pilot Plant and, with the key variables updated in this announcement, our project has the potential to become one of the lowest-cost producers of graphite in the world. The feasibility study we have just initiated moves us closer to financing, securing off-take agreements, permitting and construction."
In tandem to the feasibility level design for the Lac Knife development, Focus continues its development of value-added products destined for technology markets. These products will include spherical graphite used for Li-ion batteries as well as expanded and micronized and purified graphite for use in powder metallurgy and composite materials. These products for technology-grade graphite applications can sell for prices averaging $10,000 per tonne. Focus' work in this area is ongoing and is showing promising results. Value-added products, their costs and their sale prices, were not included in the PEA update average pricing.
Operational Highlights:

• Open pit mine life is 20 years, at 300,000 tonnes per year.
• Life of mine production of 6.0 million tonnes (Mt) of mill feed at a grade of 15.66% graphitic carbon (Cgr), based on the initial Mineral Resource Estimate* disclosed on January 19, 2012
• Processing includes crushing, grinding, flotation, magnetic separation, thickening and drying of run of mine to produce 44,300 tonnes of concentrate per annum (tpa), a reduction of 2,300 tonnes of concentrate is essentially due to the higher concentrate grade.
• Sustaining capital average is $996,300 per year
• Life of mine project production of 880,877 tonnes of concentrate at 96.6% Ct

Sensitivity Analysis Update:

Pre-Tax Sensitivity to Graphite Price
Product specifications	$US/t conc	NPV @10%	NPV @8%	IRR
-10% Downside scenario	1,679	$192,115	$247,502	30.9%
Updated Base Case	1,866	$250,112	$316,857	36.4%
+10% Upside scenario	2,053	$308,109	$386,213	41.7%
After-Tax Sensitivity to Graphite Price
Product specifications	$US/t conc	NPV @10%	NPV @8%	IRR
-10% Downside scenario	1,679	$109,087	$144,646	24.5%
Updated Base Case	1,866	$143,266	$185,305	28.6%
+10% Upside scenario	2,053	$176,939	$225,431	32.4%

A copy of the PEA report and the October 29^th, 2012 PEA announcement are available on Focus Graphite's website www.focusgraphite.com.
The updated PEA pre-tax cash flow model is based on a constant 2012 dollar basis, with no provision for escalation. The prices used in the model do not include any potential of value added products the Company is currently developing.
* Note: This PEA is considered by RPA to meet the requirements of a Preliminary Economic Assessment as defined in Canadian NI 43-101 regulations. The economic analysis contained in the technical report is based, in part, on Inferred Resources, and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.
This news release has been reviewed by Don Baxter, P.Eng, President and COO of the Company and a Qualified Person under National Instrument (NI) 43-101 guidelines.
About RPA:
RPA Inc. is a group of technical professionals who have provided advice to the mining industry for nearly 30 years. During this time, RPA has grown into a highly respected organization regarded as the specialty firm of choice for resource and reserve work. RPA provides services to the mining industry at all stages of project development from exploration and resource evaluation through scoping, prefeasibility and feasibility studies, financing, permitting, construction, operation, closure, and rehabilitation. Our portfolio of customers includes clients in banking (both debt and equity) institutional investors, government, major mining companies, exploration and development firms, law firms, individual investors, and private equity ventures.
About SGS Metallurgical Services (Lakefield)
SGS Canada Inc. ("SGS") is recognized as a world leader in the development of concentrator flowsheet design and pilot plant testing programs. SGS' Metallurgical Services division was founded over half a century ago. Its metallurgists, hydro-metallurgists and chemical engineers are experienced in all the major physical and chemical separation processes utilized in the recovery of metals and minerals contained in resource properties around the world.
The technical and economic information relating to the PEA contained in this press release has been reviewed and approved by Marc Lavigne, M.Sc., ing., Senior Mining Engineer for RPA, Pierre Roy, M.Sc., P.Eng., ing., Senior Metallurgist Specialist for Soutex, all independent qualified persons under NI 43-101.
The information pertaining to the metallurgical test program completed by SGS that is presented in this news release has been reviewed and approved by Mr. Oliver Peters, M.Sc., P.Eng, MBA, SGS Canada Inc. Consulting Metallurgist. Mr. Peters has extensive experience in the development of metallurgical processes and has managed the majority of the graphite testing programs conducted at SGS in recent years.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Indicated Mineral Resource Estimate* of 4.9 million tons grading 15.8% graphitic carbon (Cgr) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.0 million tons grading 15.6% Cgr of crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Assessment ("PEA") of the Lac Knife Project which indicated that the project has a very good potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements - Disclaimer
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 or 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 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 upon 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