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SRG’s Graphite Demonstrates Excellent Electrochemical Characteristics

Corporate Updates

SRG’s Graphite Demonstrates Excellent Electrochemical Characteristics

MONTREAL, Nov. 29, 2017 -- SRG Graphite Inc. (TSX-V:SRG) (“SRG” or the “Company”) today announced the results of

electrochemical characterization of its spherical purified graphite (“SPG”) material produced from the Company’s Lola graphite

deposit in the Republic of Guinea. The characterization tests were performed by Dorfner ANZAPLAN (“ANZAPLAN”) at their

facility in Hirschau, Germany.

ANZAPLAN tested and reported on three main electrochemical characteristics of SRG’s SPG, important for the lithium-ion

battery market: cyclic voltammetry which measures kinetics and hysteresis of the charge/discharge cycle, specific capacity

and cycling performance.

ANZAPLAN Report: SRG’s Spherical Graphite Electrochemical Characterization Highlights

• Cyclovoltammetric measurements indicate that the kinetics of SRG’s purified spherical graphite makes it suitable as

active material in lithium ion batteries

• Achieves remarkable reversible capacities of >365 mAh/g, which is very close to the theoretical maximum of 372

mAh/g

• Demonstrates above average cyclability, achieving a value of 356 mAh/g after 100 cycles at a cycle rate of 0.5C. This

represents ~99% of initial capacity and 96% of theoretical capacity, which is better than the average value for typical

uncoated spherical graphite products.

Laboratory work and analysis on the Lola graphite concentrate and SPG characteristics are aimed at identifying the best uses

of the Company’s graphite and its suitability for use in lithium-ion battery and technology grade graphite applications. These

results continue to compare favourably with graphite that is currently available in the marketplace.

About Dorfner ANZAPLAN

Dorfner ANZAPLAN is a leading European specialty minerals producer with more than a hundred years of experience in

industrial mineral processing, delivering high quality mineral products to different industries. ANZAPLAN was founded in 1985

to become the most independent venture within the Dorfner group of companies, while concentrating the group’s analytical and

engineering know-how to serve external customers. (www.anzaplan.com)

ABOUT 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 operating in a socially, environmentally and ethically responsible manner.

The technical information in this release has been reviewed and approved by Raphaël Beaudoin, P.Eng., Director of Operation

of SRG and a “qualified person” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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

For more information contact:

SRG Graphite Inc.

Dr. Marc-Antoine Audet, President & CEO

Tel.: (514) 726-4158

Email: [email protected]

Jean-Paul Blais

NXT Communications

Tel.: +1 (514) 867-7447

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

Certain of the statements made and information contained herein are "forward-looking statements" or “forward-looking

information” within the meaning of Canadian securities legislation.   Forward-looking statements and forward-looking

information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those

reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of

financing for activities, risks and uncertainties relating to the interpretation of electrochemical characterization, drill results and

the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that

future exploration, development or mining results will not be consistent with the Company's expectations, metal price

fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation,

risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or

interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent

uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency

fluctuations, expectations and beliefs of management and other risks and uncertainties.

In addition, forward-looking statements and forward-looking information are based on various assumptions.  Should one or

more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary

materially from those described in forward-looking information or forward-looking statements.  Accordingly, readers are advised

not to place undue reliance on forward-looking statements or forward-looking information.  Except as required under applicable

securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements or forward-

looking information, whether as a result of new information, future events or otherwise.