Mr. Ugo Landry-Tolszczuk reports

SRG GRAPHITE APPOINTS VINCENT P. HOGUE AS AN OBSERVER TO THE BOARD OF DIRECTORS

SRG Graphite Inc. has appointed Vincent P. Hogue, MSc, as an observer to the board of directors effective Oct. 22, 2018.

Mr. Hogue holds a master's degree in industrial relations and has worked in the securities industry for over 30 years. Until very recently, Mr. Hogue worked as vice-president brokerage and private management for the Desjardins Group and acted as executive vice-president and head of personal services with Desjardins Securities, responsible for leading both the discount and full-service brokerage businesses.

In addition, as chairman of the board of directors of Desjardins Investment Management, Mr. Hogue was responsible for business development and strategies for the Desjardins Private Wealth Management team including the private banking business.

From 2006 to 2012, he was senior vice-president and regional manager, Eastern Canada, at TD Waterhouse Private Investment Advice.

Between 1993 and 2004, he held several management and sales positions at Fidelity Investments Canada Ltd.

Mr. Hogue was on the board of directors of QTrade from 2013 to 2018 and on the board of the Quebec chapter of the Investment Industry Regulatory Organization of Canada (IIROC) from 2011 to April, 2018.

He also sits on the board of directors of the public trading company Mobi724 Global Solution Inc. and is president of its human relations committee as well as on the board of directors of the Foundation of the National Museum of Fine Arts of Quebec.

A volunteer for many charities, in particular those relating to the well-being of children and education, Mr. Hogue sits on the board of Fondation Gemini as well as being involved with Leucan. He was also a member of the board for the Montreal Canadiens Children's Foundation from 2012 to 2018.

"We are extremely pleased to announce Mr. Hogue's nomination as an observer on our board. Mr. Hogue brings to the board significant credentials and experience in the public markets," stated Landry-Tolszczuk, president and chief operating officer of the company.

"The wealth of experience, knowledge and acumen that Mr. Hogue contributes will be an incremental and welcome addition to the board as we move closer toward the next phases of the Lola project. Mr. Hogue will be formally appointed to the board of directors following the annual general meeting to be held in 2019," confirmed Benoit LaSalle, the company's executive chairman.

Mr. Hogue was granted 80,000 stock options of the company. Each option entitles Mr. Hogue to acquire one common share of the company at the price of 89 cents per share for a 10-year period, subject to certain vesting conditions.

SRG engages Integral Wealth Securities Ltd. for market-making services

SRG has, pending regulatory approval, retained the services of Integral Wealth Securities Ltd. to initiate its market-making service in order to aid in maintaining an orderly trading market for the common shares of the company. In consideration of the services provided by Integral, SRG will pay Integral a monthly cash fee of $6,000. Integral will not receive shares or options as compensation. The agreement will have a minimum term of six months. After the six-month term, the agreement may be terminated by the company following a 30-day notice.

Integral does not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest.

SRG engages BT Global Growth Inc. for investor relations activities

The company has, pending regulatory approval, also engaged the services of BT Advisory Inc. and its wholly owned subsidiary BT Global Growth Inc. (BTGG) for strategic investor relations initiatives. The initiatives will include developing marketing materials, identifying potential investors for the company, and establishing contact and co-ordinating meetings for the company with investors.

Pursuant to the agreement, BTGG will be granted 150,000 stock options to purchase shares of the company at $1.20 per share for a period of five years from the date of the signing of the agreement. The terms of the engagement will commence upon the signing of the agreement and will continue until the termination of the engagement by BTGG following a 60-day written notice to SRG and/or by the company following a 60-day written notice to BTGG.

Other than the options described above, BTGG does not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest.

About SRG Graphite Inc.

SRG is a Canadian-based company focused on developing mineral deposits located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally and ethically responsible manner.

We seek Safe Harbor.