Mr. Don Baxter reports

APPLIED GRAPHITE COMMENCES TRADING ON THE OTCQB

Applied Graphite Technologies Corp. has successfully completed the crosslisting of its common shares on the OTCQB Venture Market. Applied Graphite Technologies' common shares are now trading on the OTCQB Venture Market under the ticker symbol AGRTF. Investors can find real-time quotes and market information for Applied Graphite Technologies on the OTC Markets website. Applied Graphite Technologies continues to trade on the TSX Venture Exchange under the ticker symbol AGT.

Don Baxter, chief executive officer and director of Applied Graphite, commented: "This listing on the OTCQB Venture Market, within two months of listing on the TSX Venture Exchange, is a significant milestone for the company. Most importantly, this will provide a large United States investor base with the opportunity to participate directly in Applied Graphite Technologies' growth as well as enhance trading liquidity and increase outreach with the global investment community."

About Applied Graphite Technologies Corp.

Applied Graphite Technologies is developing the Queens mine complex in Sri Lanka. The Queens mine complex is on private land in the heart of the vein graphite district, with historical workings and vein graphite outcrops. Vein graphite is naturally high grade (greater than 95 per cent carbon content in the ground) and does not require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very high capacities, performing better than synthetic graphite. Natural vein graphite has a far-superior ESG (environmental, social and governance) footprint than synthetic and is cheaper without compromising performance.

We seek Safe Harbor.