Mr. Hugues Jacquemin reports

NORTHERN GRAPHITE GRANTS RESTRICTED SHARE UNITS AND STOCK OPTIONS

Northern Graphite Corp. has granted a total of 4.85 million restricted share units and 2.5 million stock options as part of the company's long-term incentive program to retain and attract key talent.

Grants to management, including officers and executives, and employees, consist of 4.85 million RSUs and 1.5 million stock options. The stock options are each exercisable to acquire one common share of the company at a price of 25 cents per share for a period of five years, and vest over three years on each of the first, second and third anniversaries of the date of grant at a rate of one-third per year. The RSUs also vest over three years on each of the first, second and third anniversaries of the date of grant at a rate of one-third per year. Upon vesting, each RSU shall entitle the holder to receive one common share of the company or the cash equivalent thereof. Of the RSUs granted, 3.7 million were to officers and executives of the company. Grants to consultants, two individuals working with Northern on a full-time-equivalent basis, consist of 1.0 million stock options, each exercisable to acquire one common share of the company at a price of 25 cents per share for a period of five years, vesting based on certain performance milestones established by the company. All grants of the RSUs are subject to the company's deferred share unit and restricted share unit compensation plan. All grants of the stock options are subject to the company's amended and restated stock option plan.

"These equity incentives are designed to align our leadership and key contributors with the long-term interests of shareholders," said Northern chief executive officer Hugues Jacquemin. "As we advance the next phase of our strategy, retaining and recruiting experienced talent and maintaining continuity of execution are critical to delivering on our objectives."

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, advanced-stage Bissett Creek graphite 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.