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SRG Graphite Appoints President and COO

Management Changes

SRG Graphite Inc.

1320 Graham, Suite 132

Ville Mont-Royal, Québec

H3P 3C8

PRESS RELEASE NR 2018-02

FOR IMMEDIATE RELEASE

SRG Graphite Appoints President and COO

Montreal, Quebec, February 1, 2018 - SRG Graphite Inc. (TSXV: SRG) (“SRG” or the

“Company”) today announced that Ugo Landry-Tolszczuk has been appointed President and

Chief Operating Officer of the Company effective immediately . Dr. Marc -Antoine Audet is

stepping down as President and Chief Executive Officer , SRG in order to focus on his role as

President and Chief Executive Officer of Sama Resources Inc. , a significant shareholder of

SRG. Dr. Audet remains a member of SRG’s Board of Directors and will continue to act as Lead

Geologist and Qualified Person.

Mr. Landry -Tolszczuk has been part of the SRG team in various technical roles since the

Company’s RTO in 2017. He also recently served as Director of Operations at Windiga Energy,

a Canadian-based independent power producer , where his responsibilities included corporate

operations, financing and project development. Mr. Landry-Tolszczuk holds an honors bachelor

of Applied Science in Computer Engineering from the University of Waterloo and is a CFA®

charterholder.

“I am excited and honoured to take on this new role at a time of great opportunity,” said Ugo

Landry-Tolszczuk, “I look forward to leading the charge in our quest to become a leader in the

production and delivery of low-cost, quick-to-market, high-quality natural flake graphite.”

“On behalf of the Board of Directors , I would like to thank Marc -Antoine, one of the founders of

SRG and the discover er of the Lola graphite and Gogota cobalt -nickel-scandium laterite

deposits. Dr. Audet will continue to follow the development of these two important projects in his

capacity as lead geologist and qualified person,” said Benoit La Salle , FCPA, FCA, MBA,

Director and Executive Chairman of the Board , SRG Graphite Inc. “Moving forward, a s SRG

enters the development phase, we are confident that Ugo’s experience on the African continent

as well as his operational acumen as demonstrated over the years in various roles, make him

an excellent choice to head up the Company.”

“I look forward to continuing to play a role in SRG’s success through the geology and

exploration of its graphite and cobalt -nickel-scandium laterite projects in the future,” said Marc-

Antoine Audet.

ABOUT SRG

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

the R epublic of Guinea, West Africa. SRG is committed to operat ing in a socially,

environmentally and ethically responsible manner.

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

For more information contact:

Benoit La Salle, Executive Chairman

SRG Graphite Inc.

Tel.: +1 (514) 951-4411

Ugo Landry-Tolszczuk, President & COO

SRG Graphite Inc.

Tel.: +1 (514) 679-4196

Email: [email protected]

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.

Forward-Looking Statements

This press release contains "forward -looking information" within the meaning of Canadian

securities legislation. All information contained herein that is not clearly historical in nature may

constitute forward -looking information, including references to the plans and project of the

Company such as proceeding with production at th e Company’s Lola Project, proceeding with

exploration activities on its permits including Lola and Gogota . Forward-looking information is

subject to known and unknown risks, un certainties and other factors that may cause the actual

results, level of activity, performance or achievements of the Company to be materially different

from those expressed or implied by such forward -looking information, including but not limited

to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the

possibility of write -downs and impairments; (iv) the risk associated with exploration,

development and operations of mineral deposits; (v) the risk associated with establishing title to

mineral properties and assets; (vi) fluctua tions in commodit y prices; (vii ) the risks associated

with uninsurable risks arising during the course of exploration, development and production;

(viii) competition faced by the issuer in securing purchasers, offtakers markets, clients and

experienced personnel and financ ing; (ix) access to adequate infrastructure to support mining,

processing, development and exploration activities; (x) the risks associated with changes in the

mining regulatory r egime governing the issuer; (xi ) the risks associated with the various

environmental regulations the issuer is subj ect to; (xii) risks related to regula tory and permitting

delays; (xiii) risks related to potential conflicts of interest; (x iv) the reliance on key personnel;

(xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.

Forward-looking information is based on assumptions management believes to be reasonable

at the time such statements are made, including but not limited to, continued exploration

activities, no material adverse change in metal prices, exploration and development plans

proceeding in accordance with plans and such plans achieving their stated expected outcomes,

receipt of required regulatory approvals, and such other assumptions and factors as set out

herein. Although the Company has att empted to identify important factors that could cause

actual results to differ materially from those contained in the forward -looking information, there

may be other factors that cause results not to be as anticipated, estimated or intended. There

can be no assurance that such forward -looking information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such forward -looking

information. Such forward -looking information has been provided for the purpose of assisting

investors in understanding the Company's business, operations and exploration plans and may

not be appropriate for other purposes. Accordingly, readers should not place undue reliance on

forward-looking information. Forward -looking information is made as of the date of this press

release, and the Company does not undertake to update such forward -looking information

except in accordance with applicable securities laws.

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