Le Caudan Waterfront Port Louis EARLY WARNING

CORIS CAPITAL SA

5th Floor

Barkly Warf

Le Caudan Waterfront

Port Louis

EARLY WARNING NEWS RELEASE

October 24, 2017 – CORIS CAPITAL SA (“CORIS” or the “ Company”) has filed an early

warning report (the “Report”) announcing that it has subscribed to 2,250,000 units (the “Units”)

of SRG Graphite Inc. (“ SRG”) at a price of C$0.40 per Unit , for total gross proceeds of

C$900,000, pursuant to a financing announced on August 16, 2017. (the “ Transaction”). Each

Unit comprised of one common share of the Com pany (a “ Share”) and one -half of one

non-transferable share purchase warrant. Each whole warrant (a “ Warrant”) will entitle CORIS

to purchase for a period of 24 months from the date of closing (the “ Expiry Date ”), one

additional common share of the Company (a “Warrant Share”) at an exercise price of $0.50 per

Warrant Share. (the “Purchased Securities”).

Immediately prior to the closing of the Transaction, CORIS held, directly or indirectly (i)

5,250,000 common shares of the Issuer, representing appr oximately 9.35% of the SRG’s

issued and outstanding common shares and (ii ) 2,625,000 warrants entitling C ORIS to

purchase 2,625,000 common shares of SRG. Assuming the exercise of the Warrants, CORIS

would own 7,875,000 common shares of SRG, representing 13.40% of SRG’s common shares

prior to the closing of the Transaction.

Immediately following the closing of the Transaction, CORIS owns, beneficial ownership of, or

control and direction over (i) 7,500,000 common shares of the Issuer, repres enting

approximately 13.40% of SRG’s issued and outstanding common shares; and (ii) 3,750,000

Warrants. Assuming the exercise of the 3,750,000 Warrants, CORIS would own 11,250,000

common shares of SRG, representing approximately 18.10% of SRG’s common shares that

would be issued and outstanding.

CORIS acquired the Purchased Securities described herein for investment purposes. In

accordance wi th applicable securities laws, CORIS may, from time to time and at any time,

acquire additional shares and/or other equity, debt or other securities or instruments

(collectively, “Securities”) of SRG in the open market or otherwise, and reserves the right to

dispose of any or all of its Securities in the open market or otherwise at any time and from time

to time, and to engage in similar transactions with respect to the Securities, the whole

depending on market conditions, the business and prospects of SRG

CORIS is relying on the private agreement exemption in Section 4.2 of the National Instrument

62-104 Take-Over Bids and Issuer Bids with respect to the Transaction.

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A copy of the Report filed by CORIS in connection with the private placement described above

will be available on SEDAR u nder SRG’s profile . This news release is issued under the early

warning provisions of the Canadian securities legislation.

ABOUT CORIS Capital SA

Coris Capital SA is a Mauritius -based company and a member of the Coris Group, which is

controlled by Mr. Id rissa Nassa and includes Coris Capital SA and Coris Holdings SA. It has

activities and investments in finance, telecom, mining and in the industrial sector. Coris Holdings

SA is a private company based in Burkina Faso with investments in the banking (Coris

International Bank), insurance (Coris Insurance) and Coris Bourse and Coris Asset

Management. Its activities are focused mainly in West Africa.

“Idrissa Nassa”

CORIS CAPITAL SA