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Ceylon samples 99.2% carbon at M1

2019-08-22 10:18 ET - News Release

Mr. Bharat Parashar reports

CEYLON GRAPHITE M1 ASSAY RESULTS SHOW 99.2% CARBON CONTENT

Ceylon Graphite Corp. has received assay results of laboratory testing of graphite samples taken downhole in the shaft at its M1 site in the Malsiripura area in Sri Lanka.

This new test result indicates a naturally occurring carbon content (Cg) of 99.2 per cent which is vastly superior to most other natural graphite sources globally. The laboratory testing was done by the Sri Lanka government's Geological Survey and Mines Bureau's laboratory. Tests were conducted from the first to the 15th of August, 2019.

Constituents determined     Content % w/w                   Test methodology

Carbon                               99.2                         Gravimetry
Silicon as SiO2                      0.62                         Gravimetry
Calcium as CaO                       0.03             AD and AA spectrometry
Iron as Fe2O3                        0.15             AD and AA spectrometry
Aluminum as Al2O3                    0.10             AD and AA spectrometry
Potassium as K2O                    <0.01             AD and AA spectrometry
Sodium as Na2O                      <0.01             AD and AA spectrometry
Manganese as MnO                    <0.01             AD and AA spectrometry
Phosphorus as P2O5                   0.01     AD and UV/VI spectrophotometry
Titanium as TiO2                     0.01     AD and UV/VI spectrophotometry
Magnesium as MgO                     0.04             AD and AA spectrometry

"We are delighted with this result which confirms that Ceylon Graphite has some of the world's purest graphite available in its grids," said Bharat Parashar, chief executive officer. "Our work on the shaft at M1 continues and we expect to start the process to seek an IMLA licence soon."

These tests were conducted in the normal course of exploration work with samples taken from downhole in the shaft -- that is subsurface materials. Ceylon Graphite is looking forward to additional testing from its excavation efforts, as bedrock-extracted graphite at lower depths from this site is expected to produce even higher purity than the Cg of 99.2 per cent.

Qualified person

Robert Marvin, PGeo (Ontario), is a qualified person under National Instrument 43-101, and has reviewed and approved the geological information provided in this news release.

About Ceylon Graphite Corp.

Ceylon is in the business of exploration and development of graphite mines in Sri Lanka. The government of Sri Lanka has granted the company exploration rights in a land package of over 120 square kilometres.

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