Graphite One Appoints Alaska Mining Veteran as Chief Operating Officer of Wholly‐Owned Subsidiary, Graphite One (Alaska) Inc. Experience Spans Nearly Four Decades in Mining Sector New COO Will Lead Graphite One’s Alaska Operations
WWW.GRAPHITEONERESOURCES.COM GPH: TSX‐V GPHOF: OTCQB
Graphite One Appoints Alaska Mining Veteran as Chief Operating
Officer of Wholly‐Owned Subsidiary, Graphite One (Alaska) Inc.
Experience Spans Nearly Four Decades in Mining Sector
New COO Will Lead Graphite One’s Alaska Operations
June 11, 2018 – Vancouver, British Columbia – Graphite One Resources Inc. (GPH: TSX‐V; GPHOF:
OTCQB) (“Graphite One” or the “Company”) announced today the appointment of Stanley Foo as Chief
Operating Officer (COO) of the Company’s wholly‐owned Alaskan s ubsidiary, Graphite One (Alaska) Inc.,
effective immediately. Mr. Foo will lead Graphite One’s Alaska operations, operating out of Anchorage.
“Stan’s appointment adds an experienced mine developer and operator to our Graphite One team,” said
Anthony Huston, President and CEO of Graphite One. “As we move into the next phase of development,
adding an accomplished COO, with deep experience in Alaska minin g i s c r i t i c a l f o r u s . A n d w i t h o u r
proposed mine and processing facilities potentially creating su bstantial employment, we expect Stan to
be followed by many more Alaskans joining Graphite One as the project advances.”
“I am excited to join the Graphite One team and look forward to taking this project forward. Development
of the Company’s high‐quality graphite resource has the potenti al to create an important strategic asset
for the United States, a key ingredient for a clean energy futu re and a potential economic engine for the
S e w a r d P e n i n s u l a a n d A l a s k a . I t i s t h e r i g h t p r o j e c t a t t h e r ight time in Alaska, a jurisdiction that is
supportive of mining,” said Mr. Foo.
With more than 35 years in the mining sector, including 21 year s in Alaska, Stan has served as President
and General Manager for Donlin Gold LLC, General Manager for Al aska Gold Torrent, Chief Geologist and
General Superintendent for Cortez Gold Mines (Nevada) and Project Manager roles with Placer Dome and
Barrick Gold Corporation. He also served as Mining Section Chi ef at the Alaska Department of Natural
Resources and is widely respected for his ability to build durable working relationships with state and
federal regulatory agencies and Alaska Native stakeholders.
Mr. Foo is active in Alaska trade organizations and advisory gr oups including Alaska Miners Association,
Resource Development Council for Alaska and BLM Alaska Resource Advisory Council. He also serves on
the board of the Iditarod Trail Committee, which organizes and oversees the Iditarod Sled Dog Race from
Anchorage to Nome annually.
Stan holds a Bachelor’s Degree in Geology from Hamilton College.
The Company’s board of directors has approved an incentive stock option grant to Mr. Foo for the
purchase of 1,000,000 shares of Graphite One in accordance with the Company’s shareholder approved
stock option plan. The options are exercisable at a price of $ 0.06 per share, all vesting immediately and
expiring on June 11, 2023.
The Company’s appointment of a COO to its wholly‐owned Alaskan subsidiary comes as the focus on
g r a p h i t e a s a c r i t i c a l m i n e r a l i n c r e a s e s , w i t h g r a p h i t e b e i n g included in the newly promulgated U.S.
WWW.GRAPHITEONERESOURCES.COM GPH: TSX‐V GPHOF: OTCQB
Government’s Critical Mineral List Report 1. As noted in the Company’s press release of May 29, 2018,
graphite is one of 14 listed minerals for which the US is 100% import‐dependent. In addition, the Report
noted that graphite is one of only 3 critical minerals which me e t a l l t h e U . S . G o v e r n m e n t ’ s
industrial/defense sector indicators – and for which China is the leading global producer and leading U.S.
supplier.
ABOUT GRAPHITE ONE RESOURCES INC.
G R A P H I T E O N E R E S O U R C E S I N C . ( G P H : T S X ‐ V ; G P H O F : O T C Q B ) c o n t i n u es to develop its Graphite One
Project (the “Project”), whereby the Company could potentially become an American producer of high
grade Coated Spherical Graphite (“CSG”) that is integrated with a domestic graphite resource. The Project
i s p r o p o s e d a s a v e r t i c a l l y i n t e g r a t e d e n t e r p r i s e t o m i n e , p r o cess and manufacture high grade CSG
primarily for the lithium‐ion electric vehicle battery market. As set forth in the Company’s Preliminary
Economic Assessment, potential graphite mineralization mined fr om the Company’s Graphite Creek
Property, is expected to be processed into concentrate at a graphite processing plant. The proposed
processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about
6 0 k i l o m e t e r s n o r t h o f N o m e , A l a s k a . C S G a n d o t h e r v a l u e ‐ a d d e d g r a p h i t e p r o d u c t s , w o u l d l i k e l y b e
manufactured from the concentrate at the Company’s proposed graphite product manufacturing facility,
the location of which is the subject of further study and analysis. The Company intends to make a
production decision on the Project once a feasibility study is completed.
ON BEHALF OF THE BOARD OF DIRECTORS
"Anthony Huston” (signed)
For more information on Graphite One Resources Inc. please visit the Company’s website,
www.GraphiteOneResources.com or contact:
Anthony Huston
CEO, President & Director
Tel: (604) 697‐2862
Email: [email protected]
Investor Relations Contact
1‐604‐684‐6730
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be forward‐looking statements. All
statements in this release, other than statements of historical facts, are forward‐looking statements.
Generally, forward‐looking information can be identified by the use of forward‐looking terminology such
as “proposes”, “expects”, or “is expected”, “scheduled”, “estimates”, “projects”, “intends”, “assumes”,
1 Draft Critical Mineral List—Summary of Methodology and Background Information—U.S. Geological Survey
Technical Input Document in Response to Secretarial Order No. 3359.
WWW.GRAPHITEONERESOURCES.COM GPH: TSX‐V GPHOF: OTCQB
“believes”, “indicates” or variations of such words and phrases that state that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward‐looking information in this release includes, but is not limited to, statements regarding the stage
and progress of development of the Graphite Creek Project including the ability to actually produce
spherical graphite and the impact of the appointment of the COO , ultimate further and final results of
additional test‐work, estimated capital and sustaining costs and the availability of equipment, labour and
resources required, the anticipated applications of graphite in high‐tech, clean tech, energy storage and
national security applications and all other anticipated applic ations, international demand and ability to
transport and enter into such markets, are all forward‐looking statements. Although the Company
believes the expectations expressed in such forward‐looking sta tements are based on reasonable
a s s u m p t i o n s , s u c h s t a t e m e n t s a r e n o t g u a r a n t e e s o f f u t u r e p e r f ormance and actual results or
developments may differ materially from those in the forward‐looking statements. Factors that could
cause actual results to differ materially from those in forward‐looking statements include: (i) volatile stock
price, (ii) the results of the p roduct development test work ma y not be indicative of the advancement of
the project as anticipated, or at all, (iii) market prices, (iv) exploitation and exploration successes, (v)
continuity of mineralization, (vi) uncertainties related to the ability to obtain necessary permits, licenses
and title and delays due to third party opposition, (vii) chang es in government policies regarding mining
and natural resource exploration and exploitation, (viii) compe tition faced in securing experienced
personnel, access to adequate infrastructure to support mining, processing, development and exploration
activities and continued availability of capital and financing, and (ix) general economic, market or business
conditions. Readers are cautioned not to place undue reliance on this forward‐looking information, which
is given as of the date it is expressed in this press release, and the Company undertakes no obligation to
update publicly or revise any forward‐looking information, except as required by applicable securities
laws. For more information on the Company, investors should review the Company's continuous disclosure
filings that are available at www.sedar.com.