Boom in the Large-Flake Graphite Sector - Strike Graphite Corp. Receives Drill Permits for the Elephant of Graphite Projects in Mining-Friendly Canada

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Astute investors establishing long positions in select large-flake graphite focused junior miners now are positioned to reap large rewards as demand for large-flake graphite is projected to rise 4-fold over the next decade, necessitating the opening of several new mines every year. Strike Graphite Corp. presents an exceptional risk-reward scenario; with a tight share structure (under 40 million shares outstanding) Strike Graphite is apt to rise on bullish news, and it is positioned to be among first in the sector to establish a quality large-flake graphite resource. Strike Graphite has three projects of significance with plans to drill to resource this 2012 the top prospect evidencing grade, flake distribution, purity, and tonnage. This week Strike received drill permits for its Simon Lake graphite project which is being described in some geological circles as ‘the elephant of graphite projects’ -- in short Strike Graphite Corp. trading at under 36 cents per share (current market cap ~$14M) is poised for significant near-term upward share price revaluation.

These are early days and the movement in the large-flake graphite sector is in its infancy. Emerging technologies (i.e. lithium-ion batteries, next-gen nuclear power, fuel cells) reliant upon large flake graphite have created a projected 1 - 2 million tonne supply deficit of large flake graphite over the next decade that will necessitate to opening of 100+ new 20,000 TPY mines. Globally large flake demand in 2010 was ~400,000 tonnes. Added comfort for investors seeking exposure to the large-flake graphite sector can be taken in the knowledge that, unlike other supply-critical resources, there exists NO ability for the market to be dominated, over supplied, or held hostage by multinationals or any country. If large flake graphite demand meets the estimates industry experts are forecasting there will need to be several new mines opening every year.

Investors seeking exposure to the large-flake graphite sector would do well to consider the exceptional opportunity afforded shareholders of Strike Graphite Corp. as it advances three graphite projects, two in Saskatchewan and one in Quebec. Strike Graphite has plans to achieve substantial resource at both of its Saskatchewan properties near-term.

A full review of Strike Graphite Corp. is available at online.

Strike Graphite Corp. has a current market cap of ~$14M and Mining MarketWatch Journal estimates the Company is only ~$5M in exploration and soft cost efforts away from achieving a resource by the end of Q3 2012 (assuming planned exploration efforts/drilling continue to affirm and build on historic findings as expected) at its Simon Lake graphite property in Saskatchewan.

Strike Graphite this week received drill permits on its Simon Lake graphite property. Airborne EM survey of the property reveals that it is host to a 25 km conductor understood to be as a result of the strong presence of graphite (graphite is one of the most conductive substances on the planet and the conductors can literally be nothing else when you are looking at these geophysical images). Strike Graphite Corp. is targeting a potential resource of 30 million tonnes of 10+%Cg coarse grain large-flake graphite within the best 2km stretch (less than 10% of the total conductive length). Mining MarketWatch Journal's 30M tonne projection (non 43-101) is based on historic drilling which intersected in excess of 50m width with visual estimates of coarse grain large flake graphite ranging up to 70+%, the potential to open pit down to 100m depth, and a specific gravity of 3. By twinning some holes and drilling the most prospective conductor targets confidence is high Simon Lake may be advanced to resource in short order. Strike's other Saskatchewan graphite property, Deep Bay East, is also expected to be rapidly advanced to resource; the drill holes and trenches at Deep Bay East are spread all along the 1.6 km conductor and Strike Graphite Corp. is targeting an initial 10 million tonnes of 10% Cg. With prices for low-mesh large flake graphite close to US$3,000 per tonne and a concern for graphite supply chain interruptions on the horizon for industrial end uses, the prospects for Strike Graphite Corp. shareholders appear highly favorable as it rapidly advances its graphite projects.

A full review of Strike Graphite Corp. is available at online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

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James O'Rourke
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