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Sama Graphite (SRG) Receives Very Favorable Characterization Test Results The Graphite Concentrate from the Lola Deposit is Suitable for a Very Wide Range of Applications

Corporate Updates

Sama Graphite Inc.

Suite 132, 1320 Graham,

Ville Mont-Royal, Québec

H3P 3C8

PRESS RELEASE

FOR IMMEDIATE RELEASE

Sama Graphite (SRG) Receives Very Favorable Characterization Test Results

The Graphite Concentrate from the Lola Deposit is Suitable for a Very Wide Range of

Applications

Montreal, Quebec, April 27, 2017 - Sama Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”)

today announced the results of a ProGraphite GmbH (“PG”) technical investigation on the

Company’s 100% -owned Lola Graphite deposit in the Republic of Guinea, West Africa.

Laboratory work and analysis conducted by PG on the Lola Graphite concentrate returned

excellent results indicating that graphite from the Lola deposit is suitable for a very wide range of

graphite applications, including the important traditional markets like refractories, crucibles,

friction products, carbon brushes and sealing. Additionally, the combination of very favorable ash

composition, high crystallinity, high oxidation resistance and excellent purification behavior makes

the graphite very valuable for demanding new tech applications, including energy applications

and particularly with regard to spherical graphite for Lithium Ion Batteries.

ProGraphite Main Observations:

• The high proportion of large flakes of the concentrate is remarkable. Only very few flake

graphite deposits have such a high flake yield. This is a major advantage for the Lola

deposit, as the large flakes trade at significantly higher prices.

• The concentrate was screened to get particle size distribution information with very

favorable results: very coarse material, 2/3 of the graphite is large flake (+80 mesh), and

1/3 is “jumbo” flake material (+50 mesh).

• Compared to -100 mesh graphite of the same carbon grade, the market price for +50 mesh

material is more than double, which makes the Lola deposit much more valuable.

• Main elemental impurities are Si, Al and Fe, which is typical for flake graphite. Impurities

known to cause trouble in various applications, such like S or heavy metals are naturally

on very low levels in the Lola graphite concentrate.

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• Key advantages of Lola graphite are t he favorable ash composition and the comparably

low efforts required to attain high carbon grades.

• The graphite is of very high crystallinity, which means that the graphite crystals are almost

perfect, making this graphite suitable for highly demanding applications like Lithium Ion

batteries or synthetic diamonds.

• Purification tests verified that the graphite could easily be upgraded with standard

processes to levels above 99.5%; with most elements, already under the limits for battery

application. The purification performed was “mild” compared to the “harsh” purification

usually applied for Lithium-Ion battery grade, thereby attesting again to the likelihood that

the material will be very suitable for such an application.

• The volatiles are low, oxidation resistance is very high and the specific surface area is in

the normal range.

• The graphite from the Lola deposit has a high bulk densi ty (>700 g/l), typical Chinese

graphite has bulk densities of 450-550 g/l for +80 mesh.

ProGraphite performed the investigation on a concentrate sample produced by Activation

Laboratory (Actlab) in Ontario. Actlab produced a first flash flotation concentrate from the typical

surface graphite rich material. No attempt to further purif y the concentrate was made at Actlab.

This was intentional as the Corporation wanted ProGraphite to investigate the most suitable

purification processes to be applied to the flash concentrate in determining and targeting various

markets and end uses.

SRG is continuing to work in close collaboration with PG and Actlab to refine metallurgical

processing for developing the most optimal flowsheet.

About ProGraphite

ProGraphite GmbH is specialized in natural graphite and other carbon products. Based on more

than 20 years of professional experience and passion for graphite and carbon, ProGraphite offers

expert consultancy for most aspects of natural graphite projects. Furthermore ProGraphite offers

a wide range of specialized lab services and extended geological and mineralogical services for

graphite and other minerals. ProGraphite is also involved in trading of carbon products. The

company is located in Germany. For additional information on ProGraphite: www.pro-

graphite.com. “

About Sama Graphite Inc. (SRG)

SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in

the Republic of Guinea, West Africa. SRG is committed to operate in a socially, environmentally

and ethically responsible manner.

For additional information, please visit SRG’s website at www.srggraphite.com.

For more information contact:

Sama Graphite Inc. (SRG)

Dr. Marc-Antoine Audet, President & CEO

Tel.: (514) 726-4158

Email: [email protected]

Jean-Paul Blais

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NXT Communications

Tel.: +1 (514) 867-7447

Email: [email protected]

Contact Financial Corp.

Frédérick Chabot

Tel.: 438-863-7071

Email: [email protected]

Forward-Looking Statements

This press release contains information that may constitute forward-looking statements. Forward-

looking statements involve known and unknown risks, uncertainties and assumptions and

accordingly, actual results and future events could differ materially from those expressed or

implied in such statements. You are hence cautioned not to place undue reliance on forward -

looking statements. Additional Information identifying risks and uncertainties is contained in the

Company’s filings with the Canadian Securities regulators, which filings are available at

www.sedar.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this release.