VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2012) -

NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Standard Graphite Corp (TSX VENTURE:SGH) (the "Company) is pleased to announce a non-brokered private placement of up to 5,000,000 units at a price of $0.15 per unit (the "Unit") for aggregate gross proceeds of up to C$750,000.00. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each whole warrant (the "Warrant") will be exercisable by the holder to acquire one additional common share at a price of $0.25 for a period of twenty four (24) months following the closing of the financing.

The net proceeds from this private placement will be used for additional exploration on the Company's Quebec and Ontario properties. The proposed financing is subject to the approval of the TSX Venture Exchange (the "Exchange"). Finders' fees in cash or warrants may be payable in accordance with the policies of the Exchange.

About Standard Graphite

Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America's premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold.

ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Standard Graphite Corporation
Chris Bogart
President & CEO
(604) 683-2509
Fax: (604) 683-2506
info@standardgraphite.com
www.standardgraphite.com

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