Mr. Jamie Deith reports

EAGLE GRAPHITE ANNOUNCES EXECUTIVE APPOINTMENT

Eagle Graphite Inc. has appointed Torey Marshall, BSc (honours), MSc (geology), as executive vice-president of business development, effective immediately, subject to customary regulatory approvals. Working in conjunction with the existing Eagle Graphite team, Mr. Marshall's role is to help drive the business forward.

Mr. Marshall brings to the company over 15 years of global resources experience, particularly in the project financing arena. He is presently the principal at Vibrante Solutions Pty. Ltd. (his own consulting firm) and a director of African Power & Coal (private company). His previous roles include those of managing director and chief executive officer of WAMA Gold, and managing director and CEO of Rampart Energy Ltd. and Earth Heat Resources Ltd. He has been involved in the identification of circa $500-million in financing to progress various resources projects around the world. His particular area of expertise is assisting companies fully realize their asset base and opportunities, rebuild their market appeal, and accelerate growth on existing projects through achieving scalable financings when required.

Jamie Deith, CEO, comments: "Torey is exactly the sort of person we need on this team. He brings a powerful combination of technical aptitude and a successful track record of helping projects achieve their financing objectives."

Mr. Marshall adds: "I am excited to join Eagle at this juncture as I believe the next phase of growth is imminent. Through extensive due diligence conducted over the last year, I have been thoroughly impressed with what the team has achieved to date and what we, as an expanded team, will achieve in the near future. Eagle is well positioned for a changing economy, and we are intent on exceeding expectations as this industry continues to evolve."

About Eagle Graphite Inc.

Eagle Graphite is an Ontario company that owns one of only two natural flake graphite production facilities in North America, located 35 kilometres west of the city of Nelson in British Columbia, Canada, and 70 kilometres north of Washington, United States, known as the Black Crystal graphite quarry.

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