Mr. Pav Jordan reports

NORTHERN GRAPHITE ANNOUNCES $2.2 MILLION NON-BROKERED PRIVATE PLACEMENT

Northern Graphite Corp. has arranged a non-brokered private placement financing of up to 20 million common shares of the company at a price of 11 cents per offered share for aggregate gross proceeds of up to $2.2-million. The private placement has been conditionally accepted by the TSX Venture Exchange.

The net proceeds from the private placement will be used to initiate a feasibility study on Northern's planned battery anode material facility in Baie-Comeau, Que., and for working capital and corporate expenses.

The offered shares to be issued in the private placement will be subject to the statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation. The offering is subject to the receipt of all requisite approvals, including the final acceptance of the TSX Venture Exchange.

About Northern Graphite Corp.

Northern is a Canadian, TSX Venture Exchange-listed company that is the only flake graphite producing company in North America. Northern is focused on becoming a world leader in producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles, fuel cells and graphene, as well as advanced industrial technologies. The company's mine-to-battery strategy is spearheaded by its Battery Materials Group, which has a fully equipped, state-of-the-art laboratory in Frankfurt.

Northern's graphite assets include the producing Lac des Iles mine in Quebec, where the company is boosting output to meet growing demand from industrial customers and coming demand from North American battery makers. The company also owns the large-scale Bissett Creek project in Ontario and the fully permitted Okanjande graphite mine in Namibia, which is currently on care and maintenance, and represents an opportunity to substantially increase graphite production at a lower cost and with a shorter time to market than most competing projects. All projects have battery-quality graphite and are located close to infrastructure in politically stable jurisdictions.

We seek Safe Harbor.