Mr. Gregory Bowes reports

NORTHERN GRAPHITE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Northern Graphite Corp. plans to complete a non-brokered private placement of up to 5,882,353 common shares at a price of $1.70 per share for gross proceeds of up to $10-million. The shares issued under the placement will be subject to a four-month hold period from the date of closing. The placement is subject to the approval of the TSX Venture Exchange. An affiliate of the Sprott group of companies and Geologic Resource Partners LLC have agreed to subscribe for $7.5-million of the placement.

The net proceeds of the placement will be used to finance the completion of the bankable feasibility study and permitting with respect to the company's Bissett Creek graphite project and for working capital and general corporate purposes, as well as detailed engineering and design and the acquisition of long lead time equipment upon the positive completion of the feasibility study.

We seek Safe Harbor.