Mr. Sheldon Inwentash reports

CKR ACQUIRES 63% OF AUKAM GRAPHITE PROJECT

CKR Carbon Corp. has acquired a further 11-per-cent interest in exclusive prospecting licence 3895, which covers the Aukam vein graphite deposit in southern Namibia. The company now holds a 63-per-cent interest in exclusive prospecting licence 3895 (see the press release dated Jan. 17, 2017, for further particulars).

The 63-per-cent interest was acquired by making exploration and development expenditures totalling $1.1-million (U.S.) and making cash payments to Next Graphite Inc. of $180,000 (U.S.) as called for in a binding farmout agreement between Next and CKR.

Work carried out on the project by CKR since July, 2015, has involved detailed and regional geological mapping, geophysical surveys, sampling and assaying of graphite veins and dump material, metallurgical test work, bulk sampling, underground drilling, and environmental impact assessments.

"The acquisition of the 63-per-cent interest in Aukam is a significant milestone for the company," said Sheldon Inwentash, executive chairman of CKR Carbon. "We look forward to continuing to develop the project in co-operation with our joint venture partner."

About CKR Carbon Corp.

CKR Carbon is an advanced materials company focused on mine-to-market commercialization of graphite products -- most notably, high-value graphene-based components for a range of mass market products.

About the Aukam project

The Aukam property covers a past-producing vein graphite deposit and associated graphite occurrences. CKR is currently undertaking technical studies to support an application for a mining licence.

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