Mr. Don Baxter reports

APPLIED GRAPHITE AGM RESULTS

Applied Graphite Technologies Corp. has elected directors at the annual general and special meeting of shareholders. The five nominees proposed by management were elected as directors. According to proxies received and ballots cast, each of the following five individuals were elected as directors of AGT until the next annual meeting of shareholders or until such person's successor is elected or appointed, Don Baxter (chief executive officer), Chaanaka Abeyratne, Ian Harris, Lindsay Nagle and Jay Sujir.

James Ruane and Rodney Stevens did not stand for re-election and are no longer directors, effective today. The company thanks them for their service and support to Applied Graphite.

About Applied Graphite Technologies Corp.

Applied Graphite Technologies is developing the Queens mine complex in Sri Lanka. The QMC 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 (plus-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.

The technical information in this news release has been prepared by Mr. Baxter, PEng, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101).

We seek Safe Harbor.