Mr. Charles Chebry reports

GRAPHITE ONE 2013 DRILLING DOUBLES STRIKE LENGTH OF CURRENT HIGH-GRADE MINERALIZATION TO 4.8 KM

Graphite One Resources Inc. is releasing the results for the remaining five drill holes of a recently completed 10-hole diamond drill program (see news releases dated Sept. 24, Nov. 13 and Nov. 20, 2013). These five drill holes further extend mineralization to the west of the existing inferred resource. Drilling has now confirmed a total of 4.8 kilometres of continuous near-surface high-grade graphite mineralization, more than doubling the size of the existing strike length.

Highlights:

• Holes 13GCH014 A, B, 015, 016 and 017 intercept significant widths of near-surface graphite. Every hole continues to be mineralized from top to bottom.
• Two thousand thirteen program drilling doubles current strike length of current resource to 4.8 kilometres.
• This further confirms excellent continuity, with simple geological structures and high grades.
• Updated 43-101 resource expected to be completed this month.

Graphite One has received results for drill holes 13GCH014 A, B, 015, 016 and 13GCH017, which tested surface graphite showings with a coincident high-priority electromagnetic conductor, approximately 2.2 kilometres west and 400 metres east of the existing inferred resource delineated during 2012. The results are summarized in the table, and highlights include 29.55 metres of 5.01 per cent graphitic carbon (Cg), including 14.00 metres of 7.15 per cent Cg and 4.0 metres of 10.82 per cent Cg. All drill holes will be used to produce an updated National Instrument 43-101-compliant graphite resource. The drilling has now shown that mineralization is continuous for over 4.8 kilometres.

Please refer to the Jan. 21, 2013, news release where Graphite One reports the filing of an NI 43-101 technical report with an inferred resource of 164.5 million tonnes at 4.61 per cent graphite (including 25.44 million tonnes at 9.69 per cent graphite and 7.8 million tonnes at 13.49 per cent graphite).

The property is only 18 kilometres from a seasonal road and approximately 30 kilometres from a newly proposed deep-sea port west of Teller (Port Clarence), which could be accessible by either land or water.

Graphite One has its own core logging and sample preparation laboratory/facility in Nome, Alaska. The sample preparation laboratory was installed and is being managed by Actlabs, Ancaster, Ont. This will ensure Graphite One maintains the highest level of quality assurance/quality control and ensures timely receipt of analytical results. All analyses were completed at Actlabs.

"Our small drill program from 2013 allowed us to prove that the mineralization is continuous and extends for nearly five kilometres, further demonstrating the size of this deposit. We look forward to 2014 as we derisk this asset geologically so we can move towards production," stated Anthony Huston, president and director for Graphite One Resources.

                                                  
                                           Intersection      Graphite
Drill hole          From (m)    To (m)              (m)           (i)

13GCH014A (i)          30.18     49.99            19.81         2.80%
including              39.32     46.94             7.62         4.35%
13GCH014B (i)          28.65    110.95            82.30         1.40%
including              28.65     44.00            15.35         4.04%
13GCH015                7.85    114.00           106.15         2.05%
including              30.76     36.00             5.24         5.83%
13GCH016                6.10     81.99            75.89         2.39%
including              37.49     48.00            10.51         6.20%
13GCH017               20.45    147.22           126.77         2.54%
including              20.45     50.00            29.55         5.01%
including              36.00     50.00            14.00         7.15%
including              36.00     40.00             4.00        10.82%
12GCH008 (ii)           6.00    183.00           177.00         3.00%
including               6.00     58.00            52.00         6.02%
including              19.41     50.00            30.59         7.07%

(i) Drill holes 13GCH014A and B were drilled to test the Kigluaik
fault. Hole 12GCH014A was abandoned. Both holes had poor recoveries
and confirmed the presence of the fault.
(ii) 12GCH008 was the step-out hole from 2012, which will also now
be considered in the new resource.

Dean Besserer, PGeol, vice-president of exploration for the company and a qualified person under National Instrument 43-101, is responsible for and has reviewed and approved the technical content of this news release.

We seek Safe Harbor.