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FLCN.V ·

TSX Venture: S RG SRG Graphite Inc.

Corporate Updates

TSX Venture: S RG

SRG Graphite Inc.

1320 Graham, Suite 132

Ville Mont-Royal, Qc

Canada, H3P 3C8

PRESS RELEASE NR 2017- 11

FOR IMMEDIATE RELEASE

SRG Achieves 96% Graphite Purity Via Simple Flotation

Montreal, Quebec, August 22, 2017 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”)

today announced that recent laboratory metallurgica l tests conducted by ProGraphite GmbH utilizing a

simple flotation procedure yielded graphite concent rates of up to 96% purity. Results, which were

achieved through a simple flotation and attrition c ontinue to corroborate the important potential of t he

Lola Graphite Project in Guinea, West Africa.

Tests conducted on Lola Graphite Deposit weathered mineralized material using an inexpensive and

environmentally friendly flotation and attrition pr ocess resulted in grades of >95% graphitic carbon

(“ Cg% ”). Results also demonstrated that valuable large flakes could essentially be preserved during the

process, representing a value product for offtakers and end-users. The table below summarized the

results.

Flake size mm Proportion

% %Cg %Ash

+ 45 Mesh (Jumbo) >0.35 46.4 96.0 3.9

+ 80 Mesh (Large) >0.18 33.5 95.0 4.8

+ 100 Mesh (Medium) >0.15 15.3 94.3 5.7

- 100 Mesh (Fine) <0.15 4.9 90.8 8.7

“The valuable large and jumbo flakes combined with a high carbon grade concentrate demonstrate the

excellent quality of the Lola Graphite Deposit,” sa id Dr. Marc-Antoine Audet, President and CEO. “We

are pleased that recent test results delivered sign ificantly higher carbon content when compared to

previous tests, yet maintained favourable coarse flake size distribution. Additionally, ProGraphite GmbH

advised us that the potential for even higher carbon content by flotation is still a possibility.”

The Lola Graphite deposit is present at surface ove r 8.7 kilometers with an average width of 370

meters, and up to 1,000 meters wide. The first 20 t o 30 meters or so of the deposit are well weathered

(lateralized), freeing graphite flakes from the silicate gangue and allowing for easy grinding with optimal

recovery of all large and jumbo flakes. The graphit e mineralization continues at depth within the non-

weathered sheared gneiss. Impurities known to cause trouble in various applications, such as sulfur,

aluminum, vanadium, molybdenum or others heavy metals are naturally only found in very low levels in

the Lola graphite concentrate.

ABOUT SRG

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

Republic of Guinea, West Africa. SRG is committed t o 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:

SRG Graphite Inc. (SRG)

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 TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this

release .

Forward-Looking Statements

Certain of the statements made and information cont ained herein are "forward-looking statements"

within the meaning of Canadian securities legislati on or "forward-looking information" within the

meaning of the Ontario Securities Act and the Securities Act (British Columbia). This includes

statements concerning the Company's plans at its mi neral properties, which involve known and

unknown risks, uncertainties and other factors whic h may cause the actual results, performance or

achievements of the Company, or industry results, t o vary or be materially different from any future

results, performance or achievements expressed or i mplied by such forward-looking statements or

forward-looking information. Information regarding drilling results may also be deemed to be forward-

looking statements or forward-looking information in that they reflect a prediction of what may be fou nd

to be present when and if a project is actually developed.

Forward-looking statements and forward-looking info rmation are subject to a variety of risks and

uncertainties which could cause actual events or re sults 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 r elating to the interpretation of drill results and the

estimation of mineral resources and reserves, the g eology, grade and continuity of mineral deposits,

the possibility that future exploration, developmen t or mining results will not be consistent with the

Company's expectations, metal price fluctuations, e nvironmental and regulatory requirements,

availability of permits, escalating costs of remedi ation and mitigation, risk of title loss, the effec ts of

accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or

interruptions in exploration or development, the po tential for delays in exploration or development

activities, the inherent uncertainty of cost estima tes 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. Accordi ngly, readers are advised not to place undue

reliance on forward-looking statements or forward-l ooking information. Except as required under

applicable securities legislation, the Company unde rtakes no obligation to publicly update or revise

forward-looking statements or forward-looking infor mation, whether as a result of new information,

future events or otherwise.