Mr. Benoit LaSalle reports

SRG GRAPHITE INC. ANNOUNCES AGSM RESULTS

All resolutions as set out in SRG Graphite Inc.'s notice of meeting and information circular dated May 9, 2019, were passed by the requisite majority at its annual general and special meeting held in Mont-Royal Quebec on June 20, 2019.

PricewaterhouseCoopers LLP chartered professional accountants were reappointed as auditors of the company for the ensuing year and shareholders approved the company's 2019 10-per-cent rolling stock option plan.

The following eight incumbent directors were re-elected:

• Benoit LaSalle FCPA, FCA;
• Marc-Antoine Audet;
• Marc Filion;
• Marcel Duchesne;
• Yves Grou;
• Koudougou Abdoulaye Compaore;
• Abdoul Aziz Nassa.

Following the AGSM, the board of directors reappointed Benoit LaSalle FCPA FCA as executive chairman of the board, Ugo Landry-Tolszczuk as president, chief operating officer and chief financial officer, Elias J. Elias as vice-president legal and corporate affairs, and corporate secretary, and Raphael Beaudoin as vice-president operations, metallurgy and process design.

Name change

The company wishes to announce that subject to TSX Venture Exchange approval it intends to change its name to SRG Mining Inc. The company's shareholders approved a special resolution in this regard at the company's AGSM. The company will retain the trading symbol SRG. The new domain name will be SRG Mining. A further news release will be issued announcing the effective date of the change of name.

Shareholders are not required to take any action in connection with the change of name and share certificates bearing the name SRG Graphite remain valid and need not be exchanged.

Adoption of DSU plan

The company also wishes to announce the company has received shareholder approval at the AGSM of the adoption by the board of directors of a deferred share unit plan (the DSUP). The DSUP is a non-dilutive long-term incentive plan in which employees, including named executive officers, directors and any other person designated by the board can participate. The DSUP is intended to advance the interests of the company through the motivation, attraction and retention of directors, executive officers, employees, service providers or any other person designated by the board to participate in the DSUP. The DSUP is subject to the approval of the TSX Venture Exchange.

New director

The company is pleased to announce that Vincent P. Hogue, MSc, has been appointed an additional director of the company effective June 20, 2019. Mr. Hogue was first appointed as an observer to the board of directors on Oct. 22, 2019.

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.