Mr. Chris Bogart reports

STANDARD GRAPHITE INITIATES EXPLORATION ON MOUSSEAU EAST PROPERTY

Work has commenced on Standard Graphite Corp.'s flagship Mousseau East property. The summer 2012 work program is aimed at qualifying the historic resource to be National Instrument 43-101 compliant and exploring for its potential extensions.

Work on the property began in May of 2012 immediately after its acquisition with a compilation of the historic data in a comprehensive geo-referenced database. Standard Graphite also initiated an airborne Mag-TDEM geophysical survey, conducted by Prospectair Geosurveys, over the entire property that has been completed with the results expected shortly. The area is currently being prospected and mapped geologically to locate additional targets and to gain a better understanding on the geometry of the graphite trends.

In addition, the company is pleased to report that it has applied and obtained the necessary permits for its upcoming diamond drilling program. The drill program will include: the replication of some of the critical historic drill holes in order to update the historic deposit to a current NI 43-101-compliant resource, step-out drill holes testing known mineralized structures to depth and on strike, and exploratory drill holes. The drill program will commence upon review and completion of the results of the Mag-TDEM survey and the results from the current surface prospecting program.

The Mousseau East property was acquired by Standard Graphite in April of 2012 (see press release April 24, 2012). It is located about 40 kilometres northeast of the town of Mont-Laurier in northwestern Quebec and within 50 kilometres of Timcal Canada Inc.'s producing Lac-des-Iles graphite mine, which is currently the larger of the two producing mines in North America. The Mousseau East deposit was discovered in 1983 following the emplacement of a new road in the area north of Ste-Veronique, Que. Systematic exploration was carried out by Graphicor between 1989 and 1993 and included about 62 diamond drill holes, totalling 4,996 metres, allowing for a resource calculation to be conducted. The possibility of initiating a mining operation was evaluated using only a 40-metre-deep open pit on the main resource of the Mousseau East deposit.

Antoine Fournier, PGeo, manages Standard's exploration and development programs and is the qualified person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

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