Mr. Chris Bogart reports

STANDARD GRAPHITE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO $750,000

Standard Graphite Corp. has arranged a non-brokered private placement of up to five million units at a price of 15 cents per unit for aggregate gross proceeds of up to $750,000. Each unit will consist of one common share and one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of 25 cents for a period of 24 months following the closing of the financing.

The net proceeds from this private placement will be used for additional exploration on the company's Quebec and Ontario properties. The proposed financing is subject to the approval of the TSX Venture Exchange. Finders' fees in cash or warrants may be payable in accordance with the policies of the exchange.

We seek Safe Harbor.