Northern Graphite Comments on Market Activity

October   24,   2017   –   At  the  request  of  the   Investment  Industry  Regulatory  Organization  of  Canada   (“IIROC”),   Northern   Graphite   Corporation   (NGC:TSXV,   NGPHF:OTCBB)   (the   “Company”)   wishes   to   confirm   that   the Company’s  management  is  unaware  of  any  material  change  in  the  Company’s  affairs  or  operations  that  would account  for  the  recent  increase  in  market  activity.

Gregory   Bowes,   CEO,   commented   that;   “Supply   issues   in   China,   a   recovering   steel   market,   a   very   positive outlook  for  demand  from  the  lithium  ion  battery  industry  and  electric  vehicles,  and  recent  increases  in  graphite prices  may  all  be  contributing  factors.”

About  Northern  Graphite  Corporation  

Northern   is   a   Canadian   company   that   has   a   100%   interest   in   the   Bissett   Creek   graphite   deposit   located   in southern  Canada,  relatively  close  to  all  required  infrastructure.    Bissett  Creek  is  a  well  advanced  project  that  has a  Full  Feasibility  Study  and  its  major  environmental  permit.    Subject  to  the  completion  of  operational  and  species at  risk  permitting,  which  are  in  the  final  stages,  construction  could  commence  in  2018  pending  financing.    The Company  believes  Bissett  Creek  has  the  highest  margin,  best  flake  size  distribution  and  lowest  marketing  risk  of any   new   graphite   project,   and   has   the   added   advantages   of   low   capital   costs   and   realistic   production   levels relative  to  the  size  of  the  market.

Additional  information  on  Northern  Graphite  Corporation  can  be  found  under  the  Company’s  profile  on  SEDAR at  www.sedar.com  and  on  the  Company’s  website  at  www.northerngraphite.com

For  Additional  Information  Please  Contact:  

Gregory  Bowes  P.Geo.,  CEO  (613)  241-­‐9959

This   press   release   contains   forward-­‐looking   statements,   which   can   be   identified   by   the   use   of   statements   that   include words  such  as  "could",  "potential",  "believe",  "expect",  "anticipate",  "intend",  "plan",  "likely",  "will"  or  other  similar  words or  phrases.  These  statements  are  only  current  predictions  and  are  subject  to  known  and  unknown  risks,  uncertainties  and other  factors  that  may  cause  our  or  our  industry's  actual  results,  levels  of  activity,  performance  or  achievements  to  be materially  different  from  those  anticipated  by  the  forward-­‐looking  statements.  The  Company  does  not  intend,  and  does  not assume  any  obligation,  to  update  forward-­‐looking  statements,  whether  as  a  result  of  new  information,  future  events  or otherwise,  unless  otherwise  required  by  applicable  securities  laws.  Readers  should  not  place  undue  reliance  on  forward-­‐ looking  statements.

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